Treasury Pulse

Man’s addiction to gold

Tan Sri Lin See-Yan comments that in this uncertain world, many people see gold as a sexy investment and thats why gold scams thrive.

Cutting jobs not always the answer

IN the wake of falling revenues, global investment house Morgan Stanley has launched cuts in jobs, acknowledging that bankers on Wall Street are overpaid.

Merkel calls for granting EU level rights to intervene in national budgets

BERLIN: German Chancellor Angela Merkel said the top financial official of the European Union (EU) should have the power to veto the national budgets of member states.

Mier sees 5.4% growth next year

PETALING JAYA: The Malaysian economy may expand more next year compared with this year, spurred on by resilient domestic demand and moderate domestic inflation.

Malaysia-Market factors to watch on Oct 19(Friday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the local market.

Europe advances towards single banking supervisor

BRUSSELS: European Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said.

Islamic finance body hires new CEO ahead of first issuance

The International Islamic Liquidity Management Corp (IILM), a company backed by central banks located mainly in Asia and the Middle East, appointed on Friday a new chief executive ahead of its first issuance due within the next few months.

Household sector emerges main debtor of local economy

KUALA LUMPUR: The household sector is exposed to inherent risks in the local financial system as it is the main debtor of the local economy with a household debt to gross-domestic-product ratio of more than 70%, said a professor of finance and econometrics.

EU summit mulls eurozone redesign

BRUSSELS: EU leaders will go into a brainstorming session today in the first of three summits being held before Christmas in the hope of ending the year with a deal on a stronger economic and monetary union.