DoubleLine's Gundlach says US Treasuries 'not attractive'
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries are "not attractive" even though the benchmark 10-year Treasury yield crossed the critical 3 percent threshold earlier in the day.
KUALA LUMPUR (Aug 17): Star Media Group Bhd's net profit plummeted 83.4% to RM1.41 million in the second quarter ended June 30, 2018 (2QFY18) from RM8.51 million a year ago, as the print and digital segment saw a drop in momentum in advertising spending after the 14th general election.
Earnings per share also came in lower at 0.19 sen for 2QFY18 compared with 1.15 sen for 2QFY17. Quarterly revenue also fell 15.1% to RM99.49 million from RM117.16 million a year ago.
Without key structural reform being implemented to the Turkish economy, the exchange of the Turkish Lira against the U.S. dollar could plunge to 8.00 by the end of 2018 according to a forecast by leading Nordic bank SEB. This would equate to 40% below the current level of the beleaguered currency.
KUALA LUMPUR: Kossan Rubber Industries Bhd posted 2.5% lower Q2 net profit of RM44.7mil as compared to RM45.84mil in the previous corresponding quarter due to an increase in costs and a less favourable exchange rate in the gloves division.