PETALING JAYA: Malayan Banking Bhd (Maybank) has received AA rating from MSCI ESG Ratings for the second consecutive year. This leadership rating of AA places Maybank among the top 36% of 189 diversified banks rated globally based on the MSCI All Country World Index, of which only 4% achieved the highest rating of AAA, the bank said in a statement. The rating was based … [Read more...] about Maybank secures AA rating from MSCI ESG
HONG KONG/TOKYO: Stocks made slight gains across Asia on Wednesday while the euro hovered just above parity against the dollar as investors awaited a highly anticipated U.S. inflation report later in the global day. Futures were down ahead of European markets opening on Wednesday morning. FTSE futures slipped 0.24% while pan-region EuroSTOXX 50 futures fell 0.46%. MSCI's … [Read more...] about Asian stocks gain as investors brace for US inflation data
TOKYO: Asia stocks tumbled on Tuesday as jitters about an escalation in Sino-U.S. tension with U.S. House of Representatives Speaker Nancy Pelosi set to begin a trip to Taiwan, adding to fears about the risk of global recession. U.S. long-term Treasury yields dropped to a four-month low, pulling the U.S. dollar down, amid a bid for safer assets after China threatened … [Read more...] about Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops
The Philippine Stock Exchange Index (PSEi) ended January on a very weak note, down by 7.9 percent in a span of just one month. This, despite the Philippines’ brighter economic outlook for 2020: benign inflation, the timely passage of the government’s budget, the falling risk of a global economic recession and stocks’ attractive valuation. Nevertheless, there are also … [Read more...] about Why is the PH stock market down?
WASHINGTON: Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession. Wednesday's data showed U.S. consumer prices jumped 9.1% year-on-year in June, up from May's 8.6% rise. The data was seen as … [Read more...] about GLOBAL MARKETS-World stocks slump, greenback gains grow as rate hike bets keep investors cautious