Last updated Sunday, February 26, 2017 11:47 pm GMT+8

Money

China securities regulator to focus on stability, reform

China securities regulator to focus on stability, reform

February 26, 2017

BEIJING, Feb 26 — China will focus on stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said today. “We will not waver from reforms (to make China’s capital markets) more market-based, law-based and international,” Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), told a news conference in Beijing. Chinese regulators have turned their sights on... Read more

Recent Articles in Money

Buffett scorns tricky Wall Street accounting, but defends buybacks

Buffett scorns tricky Wall Street accounting, but defends buybacks NEW YORK, Feb 26 — Billionaire investor Warren Buffett yesterday attacked what he saw as tricks used by US companies to boost earnings and stock prices, but he defended one oft-criticised... Read more

Buffett upbeat on American business; Berkshire operating profit down

Buffett upbeat on American business; Berkshire operating profit down NEW YORK, Feb 26 — Warren Buffett yesterday mounted a forceful and upbeat defence of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit... Read more

Banks still liable despite exclusion clauses, court rules

Banks still liable despite exclusion clauses, court rules KUALA LUMPUR, Feb 25 ― The exclusion of liability clauses in agreements signed by banks with their customers cannot absolve them from legal liabilities, the Court of Appeal ruled yesterday... Read more

Porsche, Audi lift VW to record underlying profit

Porsche, Audi lift VW to record underlying profit WOLFSBURG, Germany, Feb 25 — Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions... Read more



Citi says US regulators are investigating its hiring practices

Citi says US regulators are investigating its hiring practices NEW YORK, Feb 25 — Citigroup Inc today said that US government and regulatory agencies are investigating the bank’s hiring practices. US agencies, including the US Securities and... Read more

China names new planning chief, commerce minister before key meeting

China names new planning chief, commerce minister before key meeting BEIJING, Feb 25 — China has appointed a new head for its top economic planning agency and a new commerce minister as part of a reshuffle ahead of a crucial Communist Party meeting later... Read more

Ringgit to trade higher against US dollar next week

Ringgit to trade higher against US dollar next week KUALA LUMPUR, Feb 25 — The ringgit is expected to trade higher, averaging between 4.42 and 4.43 next week, supported by expectations that the US Federal Reserve will not raise interest... Read more

Bursa Malaysia to trend sideways next week

Bursa Malaysia to trend sideways next week KUALA LUMPUR, Feb 25 — Bursa Malaysia is likely to trend sideways next week, with the benchmark index moving between 1,700 and 1,710 levels, said a dealer. Inter-Pacific Securities Sdn... Read more


Stocks cool, bonds heat up as Trump optimism pauses

Stocks cool, bonds heat up as Trump optimism pauses NEW YORK, Feb 25 — Major global stock markets lost ground today as investors scaled back bets US President Donald Trump’s policies would promote faster economic growth and instead... Read more

Wall Street edges higher to give Dow 11th straight record

Wall Street edges higher to give Dow 11th straight record NEW YORK, Feb 25 — Wall Street edged higher today, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed... Read more

Michael Kors, Coach in second round of Kate Spade auction

Michael Kors, Coach in second round of Kate Spade auction NEW YORK, Feb 25 — Michael Kors Holding Inc and Coach Inc are among the companies that have made it through to the second round of bidding for handbag and accessories maker Kate Spade &... Read more

VW leaves EU consumer chief ‘desperate’ over dieselgate

VW leaves EU consumer chief ‘desperate’ over dieselgate BRUSSELS, Feb 24 — The European Union’s consumer affairs chief said Volkswagen AG’s failure to compensate EU-based customers hit by the dieselgate scandal has made her feel... Read more


Our Picks in Money

Video of the Day

Reuters Video: Barclays boasts capital boost as legal costs loom
Barclays reports a surprise increase in its core capital ratio, as the bank takes advantage of its rising profits to put money aside for expected demands on its cash from legal issues and worsening global market conditions. David Pollard reports. — Reuters Read More