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Greeces lenders warn of very large risks to bailout
ATHENS: Political resistance and potential court challenges are among #8220;very large#8221; risks to reforms required for Greece's bailout programme, the country's European lenders said.
KLCI ends higher on hopes of US budget deal
European and key Asian markets including Bursa Malaysia put up a strong performance as investors' confidence was shored up byexpectations of a US budget deal and perhaps, monetary policy stimulus from Japan.
IMF says Ireland should delay cuts if growth slows
WASHINGTON: The International Monetary Fund said Ireland could delay some of the budget cuts required under its bailout program if the country's economy grows more slowly than expected next year.
Watershed meeting for Bank of Japan this week after Abe's win
TOKYO: Japan's central bank gets its first chance this week to respond to the challenge laid down by Shinzo Abe following his party's landslide victory in a general election on Sunday. Investors are already betting it will flinch.
China forex regulator removes US$1bil limit under QFII
SHANGHAI: China's foreign exchange regulator has removed the US$1bil limit for foreign sovereign wealth funds, central banks and monetary authorities buying Chinese assets through the Qualified Institutional Investor Programme (QFII).
Malaysian stocks likely to stage downside correction this week
KUALA LUMPUR: THE FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to stage a downside correction this week on profit taking, following the bullish performance of local stocks with a 8.3% gain year-to-date.
Malaysia's blue chips open lower, Genting weighs
The FBM KLCI was lower in early trade on Monday, weighed by banks and Genting Bhd after the strong run-up last week but plantations advanced after the firmer crude palm oil futures.
Genting, UMW, BAT drag KLCI into the red
Malaysia's blue chips closed lower on Monday, with Genting Bhd, UMW and BAT among the biggest losers among the FBM KLCI stocks, while as volume thinned ahead of the year-end holidays.
China on the fast lane
BEIJING: Chinas manufacturing is expanding at a faster pace this month, suggesting the factory recovery in the worlds second-biggest economy may withstand a slowdown in exports.
Treasury pulse
THE US Federal Reserve has practically issued itself a blank cheque last Wednesday.
