A Labour victory in next month’s UK election would be good news for the pound but is unlikely to undo the damage of Brexit, according to the latest Bloomberg Markets Live Pulse survey.

When asked which outcome in the July 4 vote would be best for the UK currency, more than half of 268 respondents opted for a Labour win, although they were split on whether a large or small majority would be best

Labour victory would be best outcome for the pound, survey says

Rishi Sunak said the war in Ukraine poses a risk to the economic recovery, causing UK inflation to soar and growth to slow in 2022, as he promised to shield ordinary Britons from a tightening squeeze on living standards.

Sunak cuts UK growth forecast as Ukraine war, living costs hit

SINGAPORE (Dec 10): Malaysia and Singapore issued more comments on a territorial dispute between the nations. Singapore claims Malaysian government vessels are intruding into its waters, an action its Finance Minister Heng Swee Keat described as a violation of international law.

The sta...

Malaysia, Singapore officials comment on territorial dispute

LONDON (Dec 2): Theresa May has been threatened with a vote to bring down the government should Parliament reject her Brexit deal, raising the stakes even further as lawmakers begin debating her plan this week.

Speaking on Sky News on Sunday, Labour’s Brexit spokesman Keir Starmer said ...

May threatened with vote to bring down government over Brexit

Tan & Tan Developments Bhd, the property development arm of IGB Bhd (KL:IGBB), is all set to unveil its mixed-use development — Aviera Bangsar South — in Kuala Lumpur this November.

The freehold project, which has a gross development value (GDV) of RM656 million, comprises the 35-st...

Tan & Tan Developments to launch Aviera Bangsar South next month

The Edge Explains

Gabungan Parti Sarawak to run for all 82 seats in state election

Saudi Arabia’s main shipping firm Bahri reported a 10-fold jump in third-quarter profit as its oil tanker business benefited from surging freight rates amid the Iran war.

Saudi tanker giant posts 10-fold profit jump as ship rates surge

Datin Seri Rosmah Mansor will vigorously resist a Lebanese jewellery firm’s bid to enforce a High Court judgement in June which had ordered her to pay the firm RM67.5 million over 43 missing pieces of jewellery that had been sent to her in February 2018.

Rosmah to vigorously resist Lebanese firm enforcing RM67.5 mil judgement on her

KUALA LUMPUR (Oct 28): Former Port Dickson Bersatu division chief Badrul Hisham Shaharin, better known as Chegubard, was sentenced to four months' imprisonment by the Sessions Court here on Wednesday for making a defamatory statement that could harm the reputation of His Majesty Sultan Ibrahim, King of Malaysia.

Chegubard jailed four months for defamatory statement against King

BENGALURU (Oct 28): An Australian federal court on Wednesday fined casino operator Star Entertainment A$260 million (US$182.73 million) for breaching anti-money laundering and counter-terrorism financing laws, according to a court judgement.

Australia's Star Entertainment fined US$183 mil for anti-money laundering law breaches

T7 Global Bhd (KL:T7GLOBAL) said on Wednesday it has secured a three-year contract to provide hook-up and commissioning (HUC) services in Peninsular Malaysia from a PETRONAS-Eni joint venture.

T7 Global bags three-year commissioning contract from PETRONAS-Eni JV   

FRANKFURT (Oct 28): Deutsche Bank reported a 2% rise in third-quarter profit on Wednesday, defying expectations for a decline, as strength in its retail and corporate banking businesses offset weaker investment bank revenue.

Deutsche Bank profit tops forecast despite investment bank revenue drop

MUMBAI (Oct 28): Shares of billionaire Mukesh Ambani's Reliance Jio Platforms soared 21% in their Mumbai debut on Wednesday, making it India's second-largest company by market capitalisation, valued at about US$131.5 billion.

Ambani’s Jio becomes India’s second-most valuable firm in US$131.5 bil debut

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

Asia stocks rallied on Wednesday as renewed AI enthusiasm buoyed sentiment ahead of earnings from industry bellwethers later in the US day, while the New Zealand dollar tumbled after the country's central bank unexpectedly held rates steady.

Asian stocks get AI lift, kiwi slides on central bank's surprise hold

Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.

Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.

SK Hynix unveils US$75 bil shareholder return plan after posting record profit

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

The official newspaper of China’s ruling Communist Party warned that global celebrities risk losing their commercial appeal in the country if they offend local audiences, as widening backlash against French football star Kylian Mbappe puts his brand partnerships under pressure.

China warns global celebrities as Mbappe backlash spreads

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Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

(Oct 28):&nbsp;What began as a banner year is turning into a reckoning for Adani Enterprises Ltd, the flagship arm of India’s richest man Gautam Adani, which needs to deliver on multiple infrastructure projects to fulfill its earnings promise.

Shares of Adani Enterprises have tumbled mo...

Adani flagship’s US$10 bil wipeout raises stake for earnings

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

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