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2026-10-09

BofA strategist Michael Hartnett says investors are shifting into money-market funds at the fastest pace since the COVID pandemic and that trend is unlikely to reverse near term unless the Fed implements large-scale monetary easing and sustained rate

BofA strategist Michael Hartnett says investors are shifting into money-market funds at the fastest pace since the COVID pandemic and that trend is unlikely to reverse near term unless the Fed implements large-scale monetary easing and sustained rate cuts. Week to Oct. 7: money-market funds net inflows $166.4bln, bond funds $33.8bln, equity funds $12.4bln — both far smaller than MMF flows. Hartnett: If the Fed does not cut, investors will not reduce cash holdings. He sees the US midterm elections as the most likely catalyst for outsized equity volatility in 2027 and, given the current tightening cycle and ongoing tightening of financial conditions, favors a defensive reduction in risk exposure ahead of the midterms.
2026-10-09

Malaysia's finance minister said the government will cut corporate income tax rates for micro, small and medium enterprises by 1 percentage point to offset rising operating costs.

Malaysia's finance minister said the government will cut corporate income tax rates for micro, small and medium enterprises by 1 percentage point to offset rising operating costs.
2026-10-09

Malaysia's Finance Minister announced a 1 percentage point reduction in the income tax rate for micro, small, and medium-sized enterprises to offset rising operating costs.

Malaysia's Finance Minister announced a 1 percentage point reduction in the income tax rate for micro, small, and medium-sized enterprises to offset rising operating costs.
2026-10-09

Malaysia's prime said minister the central bank will provide an additional 5 bln Ringgit in financing to SMEs affected by the Middle East conflict.

Malaysia's prime said minister the central bank will provide an additional 5 bln Ringgit in financing to SMEs affected by the Middle East conflict.
2026-10-09

Malaysian Prime Minister: The central bank will provide an additional RM5 billion in financing to SMEs affected by the Middle East conflict.

Malaysian Prime Minister: The central bank will provide an additional RM5 billion in financing to SMEs affected by the Middle East conflict.
2026-10-09

Wohua Pharmaceutical said its 2026 first-nine-months revenue fell 5.73% YoY to 589 mln yuan. Net profit rose 44.78% YoY to 92.65 mln yuan; adjusted net profit (ex-items) rose 47.94% YoY to 90.65 mln yuan. Net cash from operating activities increased

Wohua Pharmaceutical said its 2026 first-nine-months revenue fell 5.73% YoY to 589 mln yuan. Net profit rose 44.78% YoY to 92.65 mln yuan; adjusted net profit (ex-items) rose 47.94% YoY to 90.65 mln yuan. Net cash from operating activities increased 11.63% YoY to 121 mln yuan. In Q3 2026, revenue dipped 1.89% YoY to 195 mln yuan, net profit rose 29.87% YoY to 25.09 mln yuan and adjusted net profit rose 33.19% YoY to 24.69 mln yuan.
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