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Banking 07 Jul 2017 | 12:00 AM

Indonesia's Bank Mandiri to start operations in Malaysia by year-end

KUALA LUMPUR: Indonesia’s largest bank by asset size, PT Bank Mandiri Tbk, will start its banking operations in Malaysia by year-end, making it the first Indonesian bank to carry out full-fledged banking activities in the country.

Markets 07 Jul 2017 | 12:00 AM

Bursa CEO expects more companies to seek listing this year

KUALA LUMPUR: The market for new initial public offerings (IPOs) on the local bourse is picking up, helped by improved investor sentiment and the prospect of faster economic growth this year.

Business 07 Jul 2017 | 12:00 AM

Barclays chairman confident London's euro-clearing hub is safe

LONDON: Barclays Plc Chairman John McFarlane said he’s confident much of the trading, clearing and fund-management activity involving the euro will remain centred in London, countering dire predictions of a mass exodus of bankers from Britain after Brexit.

Business 07 Jul 2017 | 12:41 AM

Breakfast briefing: Friday, July 7 (Update)

Breakfast briefing: Friday, July 7

Business 07 Jul 2017 | 1:23 AM

Asian stocks stumble early Friday

TOKYO: Asian shares lost ground on Friday after a weak session on Wall Street, while global sovereign debt yields were elevated across the board on bets the European Central Bank is moving ever closer towards unwinding its massive monetary stimulus.

Business 07 Jul 2017 | 4:15 AM

Lanzhou, China a potential gateway for Malaysian halal products

LANZHOU: The capital city of China’s Gansu province, Lanzhou, which has a Muslim population of over one million, has the potential to become a gateway for Malaysian halal products into other Muslim territories in China and even central Asia, where demand for such products is growing.

Economy 07 Jul 2017 | 6:43 AM

BoJ offers to buy unlimited amount of bonds to calm markets

TOKYO: The Bank of Japan (BoJ) said it would buy an unlimited amount of bonds on Friday, as it sought to put a lid on domestic interest rates pushed higher by the broad sell-off in developed market bonds.

Corporate News 07 Jul 2017 | 7:04 AM

Japan’s GPIF posts US$69.5b gain

TOKYO: Japan’s Government Pension Investment Fund, the world’s largest pension fund, posted a gain of 7.9 trillion yen (US$69.5 billion) in the fiscal year ended on March 31 as global stock markets rallied.

Banking 07 Jul 2017 | 7:44 AM

Bank Negara international reserves at RM424.8bil

KUALA LUMPUR: Bank Negara international reserves stood at US$98.9bil, equivalent to RM424.8bil as at June 30, 2017, from US$98.7bil or RM436.1bil on June 15, 2017.

Business 07 Jul 2017 | 7:44 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm