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NEW YORK: Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world's largest economy may be sliding into a recession
Creating an effective vaccine is complicated, and while we need to do it speedily, we can’t afford to compromise on safety either.
KUALA LUMPUR: The ringgit remains 7% to 8% undervalued against the US dollar from a valuation perspective, relative to Maybank Investment Bank Research’s fair value estimate of 3.80.
SINGAPORE: If this week's selloff in global equity markets is any guide, then Asia's frothy debt and stock markets have reason to be on edge over the steady rise in long-term U.S. bond yields that could push up global funding costs and drive capital out of the region.
SINGAPORE: Embattled commodity trader Noble Group Ltd appointed an independent financial adviser to assess whether its controversial debt for equity rescue plan is fair, complying with a request from the Singapore regulator issued two months ago after the deal ran into opposition.
JAKARTA: Noble Group Ltd’s week of woe just got a lot worse as the trader, which has defaulted and seen founder Richard Elman quit the board, was sued by an Indonesian coal miner for more than US$250mil in a case that may jeopardise some of its remaining business.
SINGAPORE: Shares in embattled commodity trader Noble Group surged on Friday after an Abu Dhabi Financial Group equity fund disclosed that it had purchased a 5% stake.