Stock Market & Investment News
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UK retail sales tumble as inflation jump hits demand
LONDON: British retail sales dropped in March by much more than expected as the surge in inflation hurt consumer demand, according to data published on Friday that sent a fresh warning sign for the economic outlook. Read full story
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Tengku Zafrul discusses strengthening financial industry, regional economic stability with Indonesia, Singapore counterparts
KUALA LUMPUR: Malaysia discussed strengthening the financial industry and the global economy with various finance ministers who attended the Spring Meetings of the World Bank/IMF held in the United States throughout this week, according to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Read full story
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Oil prices extend losses on growth concerns, Shanghai lockdown
SINGAPORE: Oil prices extended losses on Friday, burdened by the prospect of interest rate hikes, weaker global growth and Covid-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Read full story
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Maybank IB launches Telegram channel ‘Trade with Maybank’
KUALA LUMPUR: Maybank Investment Bank (Maybank IB) has launched its official Telegram channel named ‘Trade with Maybank’ to provide bite-sized stock market-related content to investors. Read full story
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Vehicle sales up 12.7% to 73,222 units in March
KUALA LUMPUR: Malaysia’s motor vehicle sales for March 2022 rose 12.75% to 73,222 units, from 64,938 units in March 2021, according to the Malaysian Automotive Association (MAA). Read full story