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Business

China posts record forex reserves decline

PBoC steps up intervention to stabilise the yuan, calm sentiment

Business

Malaysia'sforeign exchange reserves down US$2bil in Sept

PETALING JAYA: Bank Negara’s international reserves fell US$2bil in the last two weeks of September to end the month at US$93.3bil. “The decline in reserves level in US dollar terms as at Sept 30 was mainly due to the quarterly adjustment for foreign exchange revaluation changes,” the central bank said in a statement yesterday.

Economy

China FX reserves fall US$43.3 bln in Sept

BEIJING: China's foreign exchange reserves shrank by $43.3 billion in September as the central bank stepped up intervention to stabilise the yuan and calm sentiment after a surprise devaluation of its currency had jolted global markets.

Business

FTSE hits six-week high as miners, Tesco shares rise

LONDON: Britain's top equity index ended at its highest closing level since August on Wednesday, buoyed by surging mining stocks while supermarket group Tesco also climbed after a smaller-than-expected plunge in profits.

Business

If you think China’s equity bubble is scary, check out bonds

If you thought China’s equity bubble was scary, check out bonds

Business

Survey: Malaysians’ penchant for unit trusts above regional average

KUALA LUMPUR: Malaysian investors have an appetite for unit trusts that surpasses the regional average, according to the latest “Manulife’s Investor Sentiment Index in Asia” bi-annual survey.

Business

Determined to go all the way to win

KENANGA Investment Bank Bhd’s KenTrade Trading Challenge 2, which kicked off this month, will see a large number of individuals looking to outwit each other via a simulated stock market event.

Business

Treasury pulse

US dollar remained its downward momentum against broad currencies as market timing for first rate hikes is shifted from late December to first half of 2016, in response to the dovish Federal Reserve minutes and other soft data flows.

Business

Banks take spotlight as earnings season heats up

NEW YORK: The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention next week as a number of big banks post their quarterly results.

Business

Top foreign and local stories at 3.15pm

Top foreign and local stories at 3.15pm