Friday, 25 May 2018

Malaysia's Finance Minister Lim Guan Eng speaks during a news conference in Putrajaya, Malaysia.

Malaysia swallows bitter 1MDB pill

IFR Asia 1042 - May 26, 2018

The new Malaysian government has agreed to honour the obligations of scandal-hit state investment vehicle 1Malaysia Development.

People walk under an electronic board showing stock information at the Shanghai Stock Exchange in Lujiazui Financial Area before the visit of Britain's Chancellor of the Exchequer George Osborne in Shanghai, China.

London plans GDRs for Shanghai Connect

IFR Asia 1042 - May 26, 2018

UK-based investors will soon be able to trade global depositary receipts issued by Chinese companies under plans for the long-awaited London-Shanghai Stock Connect scheme.

SBI sees rebound after US$1.1bn Q4 loss

IFR Asia 1042 - May 26, 2018

State Bank of India is projecting a recovery over the next two years after a record Rs77.18bn (US$1.13bn) fourth-quarter loss following stricter central bank rules on the treatment of bad loans.

Westpac cleared of rate rigging

IFR Asia 1042 - May 26, 2018

Australia’s Westpac Banking Corporation was cleared by a court of accusations it rigged an interest rate benchmark to boost profit, but the win last Thursday was dampened by an additional finding of unconscionable conduct by the bank.