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PETALING JAYA: The upcoming Monetary Policy Meeting will be seen as Datuk Nor Shamsiah Mohd Yunus’ (pic) first task as the new Bank Negara governor.
WASHINGTON/BRUSSELS (Reuters) - Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reuters.
KUALA LUMPUR: AmInvestment Bank Research expects the banking sector's core earnings to grow at a slower pace of 7.6% in 2018 compared with 9.2% previously as it lowered its expectation for banks’ non-interest income.
PETALING JAYA: The banking sector’s core earnings is anticipated to grow at a slower pace of 7.6% in 2018 compared with 10.6% in 2017 on the back of lower expectations for banks’ non-interest income, according to AmInvestment Bank Research.
KUALA LUMPUR: Selangor Properties’ 1HFY10/18 core net profit came in below expectations, at 40% of CIMB Equities Research’s full-year estimate and 42% of the Bloomberg consensus number.
BENGALURU: Most Asian currencies edged down on Wednesday as investors waited to see the next development in the trade tussle involving the United States and China.
NEW YORK: Stock prices fell on most major markets on Wednesday even though the Trump administration modified its approach to curbing Chinese investment in the U.S. technology sector.
BENGALURU: Investors raised their short positions in Asian currencies over the past month, a Reuters poll showed, with bets on the Chinese yuan turning bearish for the first time in over a year as Sino-U.S. trade tensions intensified.
SYDNEY: A ratcheting up of global trade tensions has convinced one of Australia’s biggest fund managers to pile into US Treasuries and the yen, and sell the Australian and New Zealand dollars.
KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb excess liquidity from the financial system.