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WASHINGTON: Pacific Investment Management Co (Pimco), which runs the world's biggest bond fund, is forecasting that advanced economies will stall over the next year as Europe slides into a recession, underscoring mounting investor concern about the global economic outlook.
PETALING JAYA: Finance stocks lead declines on Bursa Malaysia with the country's largest bank, Malayan Banking Bhd (Maybank) losing RM3.06bil of its market capitalisation of RM62.81bil on Thursday, as it succumbed to the bearish sentiments dominating markets globally.
NEW YORK, Sept 22 (Reuters) U.S. stocks plunged on Thursday, extending a selloff to four days, as policymakers' failure to arrest global economic stagnation sent markets spiraling downward.
KUALA LUMPUR: Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world#8217;s biggest sukuk market.
LONDON: The US dollar fell across the board yesterday after President Barack Obama gave no sign of a swift breakthrough in deadlocked talks to raise the US debt ceiling, while stocks put in mixed performance with focus on earnings.
PETALING JAYA: A commitment to reforms will draw more institutional funds to the local stock market, whose weightage on the MSCI Emerging Markets and MSCI All-Country Asia ex-Japan indices as of June has risen.