The Week That Was - capital market, Evergrande, taper, rate hikes,

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A quick recap from the business world.

SC chairman Datuk Syed Zaid Albar said the past two decades under CMP1 and CMP2 have laid strong foundations and brought an admirable level of growth and maturity to the Malaysian capital markets.THE Securities Commission on Monday unveiled its third installment of the capital market masterplan 3 for 2021-2025.

Building on these strengths, the CMP3, he said, was crafted to facilitate innovation and growth whilst promoting good governance. The developer’s massive US$300bil liabilities could spark broader risk beyond China, after reports surfaced that it had missed interest payments on Monday.An onshore arm of the distressed developer said yesterday it negotiated a yuan bond interest payment, reducing concerns over a potential disorderly debt resolution at Evergrande.Some analysts say it could take weeks for investors to have any clarity about how the Evergrande situation would be resolved.

 

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Asian markets rally on easing Evergrande fears, US Fed comments | Malay MailHONG KONG, Sept 23 — Asian markets rose today as concerns about a collapse of troubled property giant Evergrande receded for now, while investors were also cheered by a Federal Reserve plan to begin scaling back its ultra-loose monetary policy soon. Hong Kong was among the lead advancers as it...
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Pound gains as traders raise rate hike forecast after BoE meeting | Malay MailLONDON, Sept 23 — Sterling extended its rise today after the Bank of England said two of its policymakers had voted for an early end to pandemic-era government bond buying and markets brought forward their expectations for an interest rate rise to March. The pound was last up 0.7 per cent at...
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Pound at one-month low as expectations of BoE rate hike pushed back | Malay MailLONDON, Sept 22 — Sterling fell to a one-month low today as investors pushed back expectations of a rate hike by the Bank of England after a flurry of weak data. In early London trade, the British currency eased 0.1 per cent to US$1.3636 (RM5.71), with more losses expected after it dropped below...
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FBM KLCI dips 0.09pc as investors remain cautious over Evergrande, US Fed decision | Malay MailKUALA LUMPUR, Sept 22 — Bursa Malaysia’s key index ended easier in lacklustre trade due to weak market sentiment and a lack of buying catalyst as concerns persisted over Chinese property group Evergrande Group’s debt and its impact on global markets. At 5pm, the benchmark FTSE Bursa Malaysia...
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Asian trade tense in the shadow of Evergrande and the Fed | Malay MailSINGAPORE, Sept 22 — Asian stock markets made a cautious start today and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal Reserve may move a step closer to tapering. Japan’s Nikkei fell 0.5 per cent....
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