Bloomberg Malaysia’s central bank kept its benchmark interest rate unchanged, giving itself policy space to act in coming months if the global economy worsens. The central bank held its overnight rate at 3% at its final meeting for the year, as predicted by 16 of the 25 economists surveyed by Bloomberg. The remaining nine had expected a 25 basis-point cut. ...

Bloomberg Bank of Japan Governor Haruhiko Kuroda stepped into the global debate about whether governments need to do more heavy lifting to support their economies, saying that the ultra-low interest environment created by Japan’s central bank makes fiscal spending more powerful. Kuroda said the BOJ wasn’t planning to add to its stimulus in tandem with some form of government spending ...

Bloomberg A combination of mixed macroeconomic data and stretched investor sentiment suggests it’s time to sell risk assets, according to HSBC Holdings Plc. “Fundamentally, the macro data does not justify the recent outperformance of risk assets,” wrote strategists including Max Kettner in a note to clients. “We think risk assets are ripe for a pullback in the coming weeks.” The ...

Bloomberg Brazil’s central bank refrained from providing guidance on its easing cycle beyond its next policy meeting in December, opting instead to signal it will remain cautious in efforts to add stimulus to a weak economy. A benign consumer price outlook should allow for another rate cut “of the same magnitude” next month, the central bank board wrote in the ...

Bloomberg Goldman Sachs Group Inc, stung by losses in Uber Technologies Inc and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing on whether companies can translate top line expansion into profitability, Chief Executive Officer David Solomon said in a wide-ranging ...

Bloomberg Air France-KLM Chief Executive Officer Ben Smith has a long flight ahead in convincing investors the carrier can raise profitability and regain market share lost to rivals. Canadian-born Smith on Tuesday unveiled a five-year plan that would see the airline fatten margins and resume paying a dividend at an unspecified date. The last was in 2008, when the financial ...

Bloomberg Boeing Co’s chief executive officer didn’t provide complete testimony last week on the 737 Max, and congressional investigators are continuing their probe of the troubled jetliner, two House leaders said in a letter to other lawmakers. Boeing’s Dennis Muilenburg, who endured hours of grilling by members of the House Transportation & Infrastructure Committee on October 30, left “a lot ...

Bloomberg US brands may see a broad boycott at the world’s biggest shopping event this year as tensions between the US and China over everything from tariffs to technological dominance simmer. More than three-quarters of Chinese consumers surveyed said they’ll reconsider buying from American companies during the Singles’ Day shopping event on November 11, according to a report released last ...

Bloomberg Shoprite Holdings Ltd reappointed Christo Wiese as chairman even after ordinary shareholders resoundingly voted against his re-election as a non-executive director. Holders of more than 61% of the shares opposed his reappointment, Africa’s biggest grocer said after its annual general meeting in Cape Town. The former billionaire only secured another term thanks to his own superior voting rights. “We ...

Bloomberg Under Armour Inc shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition. The athleticwear company also lowered its full-year revenue forecast, but it raised some other projections after posting solid third-quarter results. ...