Fri03242017

LAST_UPDATEFri, 24 Mar 2017 12pm

MARA Sells Controversial Property In Australia

Pic: The Sun DailyKUALA LUMPUR: Mara chairman Tan Sri Annuar Musa today said that one of the four properties under its investment arm Mara Inc. was sold recently in order to settle its debts with two banks in Australia.

Read more: MARA Sells Controversial Property In Australia

Oil Markets Torn Between Saudi Led Supply Cuts, Rising Output Elsewhere

Pic: ReutersOil markets opened on Tuesday torn between production cuts by major exporters Saudi Arabia and Russia and reports showing that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut.

Read more: Oil Markets Torn Between Saudi Led Supply Cuts, Rising Output Elsewhere

U.S. Charges Volkswagen Executive With Fraud Over Emissions Scandal

Pic: ReutersMIAMI/DETROIT: Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators.

Read more: U.S. Charges Volkswagen Executive With Fraud Over Emissions Scandal

Oil Drop Stymies Dow's March To 20,000; Health Stocks Boost Nasdaq

Pic: ReutersDeclines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow's pursuit of the 20,000 milestone ahead of earnings season and expected U.S. policy changes under the Donald Trump presidency.

Read more: Oil Drop Stymies Dow's March To 20,000; Health Stocks Boost Nasdaq

Big China Bitcoin Exchange Says No Government Pressure On Outflows

Pic: ReutersSHANGHAI: The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows.

Read more: Big China Bitcoin Exchange Says No Government Pressure On Outflows

Yahoo's Marissa Mayer To Resign From Board After Verizon Deal Closes

Pic: ReutersYahoo Inc said Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.

Read more: Yahoo's Marissa Mayer To Resign From Board After Verizon Deal Closes

Malaysia's Economy To Grow By 4.2 Per Cent This Year - OCBC

KUALA LUMPUR: Malaysia's economy is expected to grow by 4.2 per cent this year, OCBC Bank said in its Global Outlook 2017 Report today.

Read more: Malaysia's Economy To Grow By 4.2 Per Cent This Year - OCBC

Banks Whiplashed By Asia’s Distrust Of Hot Money

SINGAPORE: Global banks are being hit by Southeast Asia’s distrust of hot money. Indonesia plans to introduce new rules to ensure research about the health of its economy and financial markets is “factual”. It follows a decision by Jakarta to cut business ties with JPMorgan. Meanwhile Malaysia has been clamping down on currency trading. The skittishness moves serve to highlight the region’s vulnerabilities ahead of its impressive growth profile.

Read more: Banks Whiplashed By Asia’s Distrust Of Hot Money

Indonesia Bars Jpmorgan From Next Dollar Sukuk Issuance

JAKARTA: Indonesia has barred US bank JPMorgan Chase & Co from submitting an underwriting proposal for its next issuance of dollar-denominated Islamic bonds, a finance ministry official said on Monday.

Read more: Indonesia Bars Jpmorgan From Next Dollar Sukuk Issuance

Oil Down On Concerns Rising US Production Could Dampen Output Cut Deal

LONDON: Oil fell 2 percent on Monday as signs of growing US production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

Read more: Oil Down On Concerns Rising US Production Could Dampen Output Cut Deal