May 18th
BEIJING, May 18 — Chinese home prices fell in April for a second month in a row compared with year ago levels, as a downtrend takes hold in the market while the government has vowed to continue its more than two years campaign to make housing more affordable. Average home prices in 70 major Chinese cities fell 1.2 per cent last month from a year …
See the article here: China April home prices fall for second month as downtrend takes hold
May 18th
KUALA LUMPUR, May 18 — This is a selection of morning calls by local research houses for the day. HwangDBS Vickers Market Preview After staging a mild technical rebound (of 8.2-point) yesterday, the FBM KLCI could give back all its gains and more today. On the chart, the benchmark index may be making its way to test the immediate support level of ..
Read the original post: Analyst call May 18
May 18th
TOKYO, May 18 — Asian shares fell steeply today after more signs emerged of growing instability among Spanish banks and political turmoil in Greece, with the latest sluggish economic data from the United States adding to the list of risks for investors. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6 per cent, after …
See original here: Asia shares fall steeply on worries over Spain banks, growth
May 18th
SINGAPORE, May 18 — The Republic’s economy grew 1.6 per cent between January and March, compared to the same period last year, thanks to an upturn in the manufacturing sector. Compared to the previous quarter, the economy expanded 10 per cent.
Read more here: Singapore’s economy rebounds in Q1
May 18th
NEW YORK, May 18 — Facebook priced its initial public offering at US$38 a share, giving the world’s No. 1 online social network a US$104 billion (RM323.1 billion) valuation in the third largest offering in US history.
May 17th
MANCHESTER, May 17 – Prime Minister David Cameron urged Europe’s rulers today to do more to quell the euro zone debt crisis and raised the prospect of a Greek default to argue he must stick to his unpopular attempt to cut spending and reduce debt at home. Warning that the survival of the euro was now in question, Cameron (picture) showed growing …
Here is the original post: British PM tells Europe to quell the turmoil
May 17th
SINGAPORE, May 17 – Even as Facebook fever grips investors ahead of the social networking giant’s potential US$100 billion-plus (RM311.30 billion-plus) initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to those who access the Internet largely or solely from a mobile phone.
View original post here: Facebook can’t take Asian growth for granted
May 17th
BANGKOK, May 17 – Stocks in the Philippines and Malaysia rebounded from oversold territory on Thursday as investors bought shares that had been sold on worry about the European economy but late selling in the region suggested risk appetite remains weak. The Philippine index surged 3.1 per cent, pushing the index above the “oversold” mark, with its …
Read this article: SE Asia Stocks: Philippine, Malaysia rebound; others retreat
May 17th
HONG KONG, May 17 – HSBC doubled the annual revenue boost expected from its turnaround plan to US$2 billion (RM6.23 billion), as Europe’s biggest bank targets emerging markets and cost cuts to lead its battle to recover from the financial crisis and cope with new regulations. Chief executive Stuart Gulliver said today that, one year into the …
View original post here: HSBC turnaround on target, sees revenue boost
May 17th
KUALA LUMPUR, May 17 — Malaysia and Australia will sign a free trade agreement (FTA) here on Tuesday. It will be Malaysia’s sixth bilateral FTA. According to an advisory issued by the Ministry of International Trade and Industry, Minister Datuk Seri Mustapa Mohamed and his Australian counterpart, Dr Craig Emerson, will sign the ..
See more here: Malaysia, Australia to ink free trade pact