Markets

BofA said to halt transactions with HNA

LONDON • Bank of America Corp (BofA) has told investment bankers to stop working on transactions with HNA Group Co for now amid growing concerns about the ...

Foreign insurers plan Malaysia deals

Overseas insurers including Prudential plc are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 ...

IWC stock falls as re-involvement in Bandar Malaysia unlikely

By MARK RAO
Iskandar Waterfront City Bhd’s (IWC) share price tumbled yesterday, as anticipation of renewed Bandar Malaysia talks failed to materialise ...

PMB targets RM100m Shariah equities by year-end

by FARA AISYAH
PMB Investment Bhd’s newly launched PMB Dana Mutiara — a Shariah equity fund — aims for RM100 million in sales subscriptions by December ...

ANZ said nearing deal to sell AmBank stake

Australia and New Zealand Banking Group Ltd (ANZ) is near a deal to sell its Malaysian banking stake to a pension fund and exit the South-East Asian ...

MIDF positive on Vivocom earnings, maintains ‘Buy’ call

by ALIFAH ZAINUDDIN
MIDF Investment Amanah Bhd has maintained its ‘Buy’ call on ACE Market-listed Vivocom International Holdings Bhd with a target ...

CIMB Group confident as a standalone bank

by IZZAT RATNA
CIMB Group Holdings Bhd is not seeking any immediate mergers and acquisitions (M&A) in Malaysia, as it continues to strengthen its ...

China mulls lead role for PBoC in financial oversight

SHANGHAI • China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in ...

RBA’s obscure ‘3rd objective’ keeps hawks and doves caged

SYDNEY • Australia’s central bank is relying on an obscure piece of legislation dating back to World War II to justify keeping interest rates steady: Its ...

M’sia presses on corporate governance reform

By DASHVEENJIT KAUR
Malaysia has the determination and unwavering commitment to drive governance reform despite political uncertainty, according to ...

Trades restart on Indonesia’s main exchange after halt

JAKARTA • Stock trading restarted in Indonesia yesterday, after a technical snag had caused a halt on the country’s main market.
The Indonesia Stock ...

Global M&A value rises 8.4% in 1H17

By ANNA CHIDAMBAR
Global mergers and acquisitions (M&A) in the first-half of 2017 (1H17) increased in value by 8.4% to US$1.49 trillion (RM6.4 ...