Investors counting on corporate results to give China’s stock rally a fresh leg up may have to look beyond the current quarter for clues, given an ailing economy and constraints on stimulus efforts.

While forward earnings per share projections for members of China’s benchmark CSI 300 Index have seen an upward revision of about 1.5% since a September trough, they remain close to a six-year low, Bloomberg-compiled data show. The gauge has pared some gains from a 35% surge since the September low as traders await further fiscal measures.

China’s historic stock jump unlikely to find support in earnings

China exported more than 60,000 electric vehicles (EVs) to the European Union (EU) in September, with shipments jumping to the second-highest level on record ahead of additional tariffs expected to take effect at the end of this month.

China EV exports to EU soar ahead of incoming levies

While President Vladimir Putin is eager to demonstrate to fellow leaders at the BRICS summit that Russia is shrugging off Western sanctions over his war in Ukraine, organisers are sending foreign guests a different message — bring cash.

Russia tells BRICS summit goers to bring cash

Chinese companies rushed to shift money back into their home market last month as US rate cuts reduced returns on dollar assets, leading to the largest monthly capital inflow in about two years.

China’s capital inflow jumps in September as firms shift to yuan

Central Huijin Investment Ltd, a unit of China’s sovereign wealth fund that has at times bought equity to stabilise the stock market, issued bonds that pushed its total local debt sales this year to a record.

China wealth fund issues record US$29 bil of bonds this year

Venezuela detained former oil minister Pedro Tellechea over the weekend as part of an internal purge at the state oil company after President Nicolás Maduro’s disputed reelection.

Tellechea, a technocrat from the petrochemical sector, served as oil minister until Aug 27, when he was replaced by Vice President Delcy Rodríguez.

Venezuela arrests former oil minister Tellechea in latest government purge

China is on track to become the largest market for Russia’s pipeline gas this year, overtaking Europe after the Kremlin’s war against Ukraine capped flows of the fuel to the region.

China is overtaking Europe as top market for Russia’s pipeline gas

China’s domestic yuan traders appear to be more confident than their offshore counterparts that the currency’s turbulence will be contained around the US presidential election period.

A gauge of one-month implied volatility for the onshore yuan based on options is trading near the largest discount since 2022 to a similar measure for its offshore counterpart, data compiled by Bloomberg show. Part of the reason appears to be that local traders have greater conviction the People’s Bank of China will help limit yuan fluctuations, even if the vote is won by Donald Trump, who has threatened to boost tariffs on Chinese goods.

Traders bet China to keep yuan calmer onshore if Trump wins

China cut its benchmark lending rates after the central bank lowered interest rates at the end of September as part of a series of measures aimed at reviving economic growth and halting a housing market crash.

Chinese banks slash lending rates to bolster ailing economy

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association (Worldsteel), as the decline in the country’s real estate sector pummels demand for the metal.

China’s steel demand less than half of global total this year — Worldsteel

What is on offer for Malaysia to take advantage of in the psycho-political atmosphere of the post-Covid-19 era, and in the midst of the so-called trade war between the US and China? No doubt, since this is an ongoing process and how these tensions will rise or dissolve are difficult to predict, t...

Picking On The Present: Malaysia a major player in regional change

The government is taking proactive steps to ensure that the construction industry remains competitive and sustainable, amid expectations of rising tender prices, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to ensure construction sector stays competitive, sustainable — PM

Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.

Futures surged as much as 2.6% in Kuala Lumpur on Wednesday to RM4,500 a metric ton, the highest since July 2022. That extends this year’s rally to more than 20% amid tight supplies in the biggest growers and strong demand for some other edible oils.

Palm oil reaches highest since 2022, adding to food price risks

Shopping malls under Pavilion Real Estate Investment Trust (KL:PAVREIT) and KLCC Stapled Group (KL:KLCC) still reign supreme in the luxury market even after The Exchange TRX Mall opened to much fanfare, said Kenanga Investment Bank.

Pavilion, KLCC still reign supreme in luxury shopping as TRX Mall fails to stir market — Kenanga

The glove industry is poised for a positive outlook despite cost pressures brought on by measures in Budget 2025, said CIMB Securities in a statement on Wednesday.

CIMB positive glove industry can pass on cost increases to consumers

The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives.

Guidelines on data centres' usage of power and water to become a requirement for incentives — Zafrul

Thailand’s central bank chief Sethaput Suthiwartnarueput signalled policymakers won’t be rushing to follow up on last week’s interest-rate cut and defended the current inflation target amid government calls to ease policy further and lift the price goal.

Thai central bank chief sees ‘high’ bar to another rate cut

Goldman Sachs Group Inc tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings.

“While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” strategists including Sunil Koul wrote in a note on Tuesday.

Goldman Sachs cuts Indian stocks to neutral on slowing growth

Singapore is prepared to grant 30-year import licences to companies investing billions of dollars in low-carbon electricity projects, the head of its energy regulator said on Wednesday, in a move aimed at helping the firms recoup their initial investments.

Singapore prepared to grant 30-year licences for low-carbon power imports

China should issue 2 trillion yuan (US$281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank.

The fund would promote market stability through the buying and selling of blue-chip stocks and exchange-traded funds, Chinese media outlet the Paper reported, citing a release from the Institute of Finance & Banking at the Chinese Academy of Social Sciences. That think tank is affiliated with the State Council, China’s cabinet.

China think tank urges US$281 billion for market stabilization

HSBC Holdings plc’s new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors.

HSBC revamp by new CEO Elhedery stumps staffers, investors alike

Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested US election.

Stocks stumble, dollar and gold rise as traders weigh US rates, election

Stocks struggled in late hours after downbeat news from some key American companies, with traders also mulling prospects for a slower pace of Federal Reserve rate cuts.

A US$600 billion exchange-traded fund tracking the S&amp;P 500 (SPY) wavered after the close of regular trading.

Stocks struggle in late hours as McDonald’s slumps

Three companies had met all the requirements to participate in the online bidding on June 16, 2024 for a pilot project to supply renewable energy (RE) across borders to Singapore via Energy Exchange Malaysia (ENEGEM).

The Ministry of Energy Transition and Water Transformation (PETRA) said that two Singaporean companies were successful in their bid to secure 100 megawatts (MW) of green electricity, with cross-border supply agreements currently being finalised.

Three companies qualify for online bid to supply renewable energy

Analysts have raised their earnings forecasts and target prices (TPs) after Gamuda Bhd (KL:GAMUDA) grew its order book to RM28.7 billion after securing a NT$32 billion (RM4.3 billion) contract for the Xizhi Donghu Mass Rapid Transit (MRT) project in Taiwan.

Gamuda boosts order book to RM28.7b with Taiwan MRT win, analysts raise earnings forecasts

In April, sovereign fund Khazanah Nasional Bhd announced RM1 billion in ‘national fund-of-funds’ initiatives at the KL20 Summit to support local venture capital funds and attract international managers. With the increased interest from both domestic and foreign investors in Malaysia’s start-up ecosystem, a crucial question arises: Are there enough investment- or IPO-ready private companies in the country?

Are Malaysian private companies investment-ready?

A total of 7,400 companies have adopted the e-invoice system, with 58 million e-invoices issued as of Oct 14, according to the Ministry of Finance (MOF).

This reflects the positive reception among companies in complying with the implementation of e-invoicing, the ministry said.

7,400 companies using e-invoice system, 58 mil e-invoices issued as at Oct 14 — MOF

A group of investors and creditors led by a businesswoman have applied to the High Court here for a stay of a court mandated meeting for ACE Credit Sdn Bhd, a subsidiary of ACE Holdings Bhd.

Investors, creditors want to halt court-convened meeting of ACE Credit

Shopping malls under Pavilion Real Estate Investment Trust (KL:PAVREIT) and KLCC Stapled Group (KL:KLCC) still reign supreme in the luxury market even after The Exchange TRX Mall opened to much fanfare, said Kenanga Investment Bank.

&nbsp;Top financial regulators around the globe are voicing concern about private credit valuations, whether lenders are hiding troubled loans, and the deep entanglement between private markets and insurance money.&nbsp;

“Valuation risks are where we see a core issue,” Andrew Dean, the co-chief of the Division of Enforcement Asset Management at the US Securities and Exchange Commission, said.

Top regulators call out valuation risks in private credit

The International Monetary Fund (IMF) said the US election is creating “high uncertainty” for markets and policymakers, given the sharply divergent trade priorities of the candidates.

US election creates ‘high uncertainty’ for fragile markets, IMF says

Japan’s 40-year government bond yield climbed to its highest level in 16 years amid growing speculation that the nation’s central bank will push ahead with interest rate increases in coming months.

Japan’s 40-year yield rises to highest since 2008 on BOJ outlook

Arm Holdings plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Arm to cancel Qualcomm chip design licence in escalation of feud

The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives.

Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for US$23.5 million (RM101.99 million) in cash and over US$63 million in debt relief, cancelling its plans for an open-market auction of its assets.

Tupperware cancels auction, agrees to lender takeover

The chief executive officer (CEO) of GISB Holdings Sdn Bhd (GISBH) and his wife are among 22 individuals who will be charged in the Selayang Sessions Court on Wednesday.

According to Inspector-General of Police Tan Sri Razarudin Husain, all of them will be charged under Section 130V (1) of the Penal Code for being members of an organised crime group.

Top GISBH leader, wife among 22 individuals to be charged on Wednesday

The glove industry is poised for a positive outlook despite cost pressures brought on by measures in Budget 2025, said CIMB Securities in a statement on Wednesday.

One person died and dozens fell ill from E coli infections linked to McDonald's Quarter Pounder hamburgers in 10 states, led by Colorado, where 26 people were sickened, the US Centers for Disease Control said on Tuesday.

E coli outbreak tied to McDonald's Quarter Pounder kills one, sickens dozens in US

US billionaire entrepreneur Elon Musk warned of the risk of the United States going bankrupt if government spending is not cut, reported Sputnik, reported by Bernama-Sputnik.

Musk warns of risks of US going bankrupt — report

Malaysia Airlines Bhd (MAB) has expressed its commitment to focusing on improving training and recruitment to address the increasing demand and complexity of modern aircraft.

The Ministry of Finance (MoF) said that MAB has also strengthened its competitive salary offerings to attract new workers and retain existing employees while also implementing a recruitment process directly from the market.

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