Stock Market & Investment News

NEW YORK: U.S. stocks surged on Wednesday led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis. Read full story

SYDNEY: Westpac Banking Corp has started inviting bids for its wealth management unit BT Panorama, according to people familiar with the matter, kicking off a sale of the country’s largest investment platform that has been a year and a half in the making. Read full story

BENGALURU: Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oilinto a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Read full story

NEW YORK: In a U.S. court, former Goldman Sachs GS.N partner Tim Leissner has admitted to taking US$60 million in kickbacks, lying to the bank about his corrupt deals, and twice forging divorce documents to take on new wives. Read full story

KUALA LUMPUR: A strong rally in global equities overnight lent the domestic market an upward push after three consecutive days of steady selling. Read full story

KUALA LUMPUR: Stocks with recent corporate announcements to watch for on Thursday include Top Glove, CTOS Digital, Comfort Gloves and Nexgram, said JF Apex Research. Read full story

On-demand job app GoGet has built a community of gig workers who are essential to businesses big and small Read full story

KUALA LUMPUR: The ringgit rebounded to trade slightly higher against the US dollar in the early trading session today on improving risk appetite for the local currency.   Read full story

TOKYO: Japan’s wholesale inflation accelerated in February at the fastest annual pace in roughly four decades on rising fuel costs, a sign inflationary pressures were building up even before the Ukraine crisis triggered a broad-based surge in commodity prices. Read full story

BEIJING: Asian shares surged on Thursday, tracking Wall Street’s gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain. Read full story