Stock Market & Investment News

NEW Zealand’s central bank raised interest rates by a hefty 50 basis points on Wednesday, the biggest hike in over two decades, extending a global shift towards tighter policy as authorities seek to reduce second-round effects from runaway inflation. Read full story

OIL prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fuelling concerns about growth and oil demand in the world’s top consumers. Read full story

KUALA LUMPUR: Malaysia led other ASEAN countries in initial public offering (IPO) proceeds during the first quarter (Q1) of 2022 as exchanges in the bloc recorded a year-on-year (y-o-y) decline of 57 per cent in total proceeds for the period, according to Ernst & Young (EY). Read full story