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World

EU ambassador urges China to match anti-protectionism talk with reform

BEIJING (Reuters) - Europe hopes China's upcoming Communist Party Congress will help to speed up the country's market reforms, the European Union's ambassador to China said, calling Chinese criticism of an EU plan to screen foreign investment "unreasonable".

Business

Banks' impaired loans at 1.2% of total loans in August

KUALA LUMPUR: The asset quality of the banking system remained sound in August and the level of impaired loans remained stable at 1.2% of total loans net of individual impairment provisions.

World

Puerto Ricans say Trump's disaster response was too slow, too clumsy

SAN JUAN, Puerto Rico (Reuters) - Residents of Puerto Rico accused President Donald Trump of being slow to dispatch aid after Hurricane Maria and clumsy in his public remarks once it was clear the U.S. territory had been devastated by the storm.

Economy

Country's reserves remain stable, says BNM

KUALA LUMPUR: The detailed breakdown of Malaysia’s international reserves under the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format indicates that as at end-August, the country’s reserves remained usable.

Markets

KLCI returns to positive territory at midday

KUALA LUMPUR: After eight straight days of losses, the FBM KLCI managed to stay afloat in Friday morning trade after spending some time in the red.

TECH

RBC's CEO pushes back on suggestion bitcoin is a fraud

The chief executive of Canada's biggest lender on Thursday pushed back on a suggestion by JPMorgan chief executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring.

Business

Breakfast briefing: Friday, September 29

Breakfast briefing: Friday, September 29

Business

Banks in strong position to meet new funding rules, says CIMB Research

KUALA LUMPUR: Malaysian banks are in a strong position to meet the requirement for the net stable funding ratio (NSFR), when it comes into effect in 2019 or later, says CIMB Equities Research.

Business

Study: Millionaires’ wealth at record US$63.5 trillion globally last year

HONG KONG: The number of millionaires in the world rose by nearly 8% last year to an all-time high of around 16.5 million people, with record total wealth of US$63.5 trillion, according to a report by global consultancy firm Capgemini.

Business

Nordic banks plan counter attack

COPENHAGEN: About 100 years ago, Nordic countries shared a currency. Danske Bank A/S wants them to try again, this time on the digital front