Officially, the starting pistol has yet to be fired for an election. But in Malaysia’s palm oil plantations, the battle for key votes is well underway. Seeking re-election, Malaysian Prime Minister Najib Razak in July offered cash hand-outs and debt relief to palm oil farmers, a show of government largess that political commentators say is […]
Read moreSix months after Japan’s premier Shinzo Abe bonded with Donald Trump on a golf course amid hopes he’d be a pragmatic partner, a consensus is emerging that Tokyo must reduce risks from the unpredictable president by forging ties with his more mainstream advisors. The increasing controversies surrounding Trump coincide with rising tension over North Korea’s […]
Read moreA former vice-chairman of China’s securities regulator, Yao Gang, is being investigated for taking bribes, the official China Daily said, citing the prosecutors’ office. Yao was one of the most senior figures arrested in a crackdown on suspected stock manipulation in late 2015, after the mid-year collapse of the Chinese stock market following a long […]
Read moreA private survey on China’s manufacturing activity will be released on Friday at 9.45 a.m. SIN/HK as market watchers keep their eyes on the world’s second-largest economy ahead of a key leadership meeting in October. The Caixin/Markit manufacturing Purchasing Managers’ Index was expected to dip slightly to 50.9 in August from 51.1 in July, according […]
Read moreLaunches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said. ICO investors should be wary and report any suspected crimes to police, the state-backed association said in the latest […]
Read moreA senior administration official says President Donald Trump has prepared a request to Congress for an initial $5.9 billion package in Harvey recovery aid. The official says the White House proposal, which is not final, would make sure there’s plenty of money available for immediate recovery efforts over the next several weeks. The White House […]
Read moreAsia traders on Friday will be looking to a sliding dollar and advancing U.S. equities following the release of stateside data. Other major news from the U.S. included Treasury Secretary Steven Mnuchin saying that a “very detailed” tax plan had been prepared by President Donald Trump’s administration. In the Thursday interview with CNBC, Mnuchin also […]
Read moreCNBC’s Jim Cramer has been known to take fantasy football way too seriously, and on Thursday, he took it to the next level. “It’s time for me to show my reality, not fantasy, but reality stock team, the one I drafted in my head last night while I was busily putting together what could be […]
Read moreTo counter the rising interest in exchange-traded funds, or ETFs, CNBC’s Jim Cramer wanted to explain why individual companies do still matter to these funds and the overall market. “What was behind the incredible rally in non-FANG tech yesterday?” the “Mad Money” host asked on Thursday. Cramer argued that it wasn’t Warren Buffett’s endorsement of […]
Read moreAs commodity watchers mark every turn of the crisis in Houston, the nation’s energy capital, Ingevity President and CEO Michael Wilson offered CNBC a promising take on the state of the oil market. “When we saw the collapse in oil prices back in 2015, we saw demand destruction. What we did is we went back […]
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