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SINGAPORE: Malaysia's ringgit was set for its biggest intraday drop since July in holiday-thinned trading on Monday and led losses among regional currencies as the U.S. dollar held firm at the start of a week set to be dominated by central bank reports.
HONG KONG: Shares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.
KUALA LUMPUR: The FBM KLCI skidded lower in the morning session as investors turned cautious ahead of a host of global central bank meetings, which will shed some light on the pace of the economic recovery and future direction of monetary policy.
HONG KONG: China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears.
BEIJING: China Evergrande Group may undergo one of the country’s biggest-ever debt restructurings, if the developer’s distressed-level bond prices are any indication.
WASHINGTON: The United States Treasury Department met with a number of industry participants last week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.
KUALA LUMPUR: Bank Negara’s international reserves rose to US$116.3bil (RM482bil) as of Aug 30 from US$111.3bil (RM462bil) as of Aug 13.
KUALA LUMPUR: Bank Negara’s international reserves rose to US$116.3bil as at Aug 30 from US$111.3bil as at Aug 13.
FEDERAL Reserve (Fed) chair Jerome Powell’s speech last Friday at the annual Jackson Hole forum was consistent with his very gradual and highly measured approach to policy changes – an approach that financial markets love as it implies a longer period of very loose liquidity that fuels ever higher asset prices.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) did not apply for Bank Negara Malaysia’s (BNM) digital banking licence as it has embarked on the journey since 2014, says group president and chief executive officer Datuk Abdul Farid Alias.