PUTRAJAYA: Malaysian Prime Minister Anwar Ibrahim on Wednesday (Feb 8) warned that the country cannot continue with a high budget deficit. In a press conference after a Cabinet meeting, Mr Anwar said that the government is seeking to reduce its debts without affecting its development programmes. “The country can noContinue Reading
When the history of China’s Belt and Road Initiative (BRI) is written, it’s unclear how much there will be to say that is positive. After spending more than US$1 trillion to build a network of infrastructure projects across emerging-market countries designed to connect large portions of the global economy to Beijing, cracks are beginning to […]Continue Reading
The group’s valuation has plunged after a short-seller raised fraud allegations. What’s the way out?Continue Reading
A huge white balloon equivalent in size to three buses drifted from China over Alaska and Canada, and then over Montana and across the US continent before reaching the Carolinas coast. At that point, the Pentagon deemed it safe to send a couple of jet fighters supported by a fuel tanker to bring down the […]Continue Reading
What is activist short selling? Hindenburg Research’s actions are controversial, but they aren’t necessarily illegal nor unethical, says a finance professor.Continue Reading
Market watchers expect yields on T-bills to retreat but maintain above 3.5 per cent this year, while that of the Singapore Savings Bonds will range between 2.5 and 2.75 per cent.Continue Reading
NEW DELHI: Financial contagion fears spread in India on Friday (Feb 3) as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India’s parliament led toContinue Reading
MUMBAI: Shares in the flagship company of beleaguered Native indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) as a rout triggered by accusations of accounting scams deepened. Adani Enterprises fell ten per cent at the open up and plunged by as much as 25 per centContinue Reading
MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) because the rout triggered by allegations of human resources fraud deepened. Adani Enterprises dropped 10 per cent on the open and stepped by as much as 25 percent at oneContinue Reading
KUALA LUMPUR: United States traditions authorities said that palm oil products made by Sime Darby Plantation had been no longer produced along with forced labour, inside a sign that a two-year import ban at the Malaysian firm will certainly soon be raised. Goods made by Sime Darby Plantation, the world’sContinue Reading