Markets

HSBC’s shares surge in 3Q as progress tames costs

Growth is broad-based and is coming from a rising top line rather than simply costcutting, says analyst
By BLOOMBERG HONG KONG • ...

India’s developers next in firing line from fallout

By BLOOMBERG
MUMBAI • India’s banking liquidity crunch is extending to the nation’s developers, threatening to derail a nascent recovery in the ...

Airtel to delay IPO of RM33.4b Africa business

By BLOOMBERG
MUMBAI • Bharti Airtel Ltd, India’s second-biggest wireless carrier, is delaying a planned initial public offering (IPO) of its Africa ...

Bursa Malaysia’s 3Q18 net profit remains flat on lower ops profit

However, Bursa M’sia says the securities market recorded a segment profit of RM77.8m in 3Q18
By FARA AISYAH / Pic By TMR File BURSA ...

Why do investors hate everything? Maybe paranoia

By BLOOMBERG
NEW YORK • Only during the 1970s stagflation period and the global financial crisis have so many asset classes had negative returns in a ...

Saudi petrochemicals giant’s profit rises 5.4%

By BLOOMBERG
DUBAI • Saudi Basic Industries Corp (Sabic), the Middle East’s biggest petrochemicals producer, posted a 5.4% increase in third-quarter ...

Wall Street: Far more pain needed before ‘Fed put’ kicks in

By BLOOMBERG
MOSCOW • Besieged global investors swimming in a sea of red are consumed with one magic number: The strike price of the so-called Powell ...

ECB to curb stimulus amid darker outlook

By BLOOMBERG
FRANKFURT • The European Central Bank (ECB) still intends to cap its bond-buying by yearend and leave room for an interest- rate increase ...

South Korea’s GDP misses forecasts, raising hurdle to rate hike

By BLOOMBERG
SEOUL • Weaker than expected growth in South Korea’s economy is raising fresh questions about whether the Bank of Korea (BoK) will get its ...

Hyundai earnings drop on recall costs, currencies

By BLOOMBERG
SEOUL • Hyundai Motor Co’s third-quarter earnings missed analysts’ estimates, hit by rising costs for recalls and weaker emerging-market ...

Manforce IPO aims to raise RM8.6m

By KEVIN WONG / Pic By ISMAIL CHE RUS
Manforce Group Bhd targets to raise RM8.6 million from its initial public offering (IPO) on the Leading ...

Oversold tag is little comfort to Asia stock traders

By BLOOMBERG
HONG KONG • Asian stocks are set to enter a bear market, and even a technical level that often anticipates rebounds is little consolation ...