HALISTER1: INSIDE MALAYSIA: Ringgit Up, Heading for Best Quarter Since 1973

INSIDE MALAYSIA: Ringgit Up, Heading for Best Quarter Since 1973

(Bloomberg) -- Ringgit advances for fourth day, heading for 6.9% gain in March and 9.2% rise for the quarter; options expiring today include 4.0000 strikes for $425m.
  • Brent crude futures slip 0.6% to $39.04/bbl
  • Five-year credit-protection costs for Malaysia dropped 7 bps to 151 bps yesterday, according to CMA New York data
  • Worst for ringgit is probably over, but there is near-term upside risk for USD/MYR on possibility of dollar rebound as Fed rate hike expectations are repriced, ANZ writes in note received today
  • Ringgit advances 0.2% to 3.9317 per dollar
  • USD/MYR approaching 3.9000, 61.8% Fibonacci retracement of rally from May low to Sept. high; click here for chart
  • USD/MYR 1-month NDF rising 0.3% to 3.9243; below 10-DMA at 3.9971
  • Yield on 3.955% govt bond due Sept. 2025 closed down 2 bps at 3.840% yesterday
  • President of 1MDB says his job is done
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Barclays’s Japan Chief Nakai to Resign Later in Year, Memos Say

Barclays’s Japan Chief Nakai to Resign Later in Year, Memos Say

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BARC LN (Barclays PLC)
GS US (Goldman Sachs Group Inc/The)

People
Eiji Nakai (Barclays PLC)
Andrew Jones (Barclays Capital Asia Ltd)
Kyota Narimatsu (Barclays PLC)
Mark Dearlove (Barclays PLC)
Tetsuya Kodama (Barclays Securities Japan Ltd)

Topics
Financial Firm Departures
Management Changes
Who's News - People

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UUID: 7947283

HALISTER: BlackRock Is Said to Plan About 400 Job Cuts in Coming Weeks (1)

BlackRock Is Said to Plan About 400 Job Cuts in Coming Weeks (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BLK US (BlackRock Inc)

People
Farrell Denby (BlackRock Advisors Inc/New York NY)
Keith Anderson (Anderson Global MacRo LLC)
Kenneth Kroner (BlackRock Inc)
Laurence Fink (BlackRock Financial Management Inc)
Patrick Dunne (iShares Inc)

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UUID: 7947283