Stock Market & Investment News
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Japan Inc feels the heat over Russia ties as rivals shun Moscow
TOKYO: Japanese firms are under deepening pressure over their ties to Russia and are scrambling to assess their operations, company and government insiders say, after Western rivals halted businesses and condemned Moscow for invading Ukraine. Read full story
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US gasoline prices soar to highest in 14 years on Russia conflict
NEW YORK: U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday. Read full story
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Funds hesitate to shift CBOT grain, oilseed views as futures surge
FORT COLLINS, Colo.: Chicago grain and oilseed futures have had a rowdy start to March as war has erupted between two key exporters. Read full story
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Oil price set to surge further on delays in Iranian talks
NEW YORK: Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said. Read full story
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Oil price surges 10% in Asia
SYDNEY: Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets. Read full story
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Trading ideas: KKB Engineering, OpenSys, YNH, Fitters Diversified, Top Builders Capital, Hong Seng and construction stocks
KUALA LUMPUR: Stocks that could be in focus on Monday include KKB Engineering, OpenSys, YNH, Fitters Diversified, Top Builders Capital, Hong Seng and construction stocks, said JF Apex Research. Read full story
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Genting Malaysia NY app in fight for market share
KUALA LUMPUR: Genting Malaysia Bhd’s newly launched mobile sports betting app in New York may need to undergo a gestation period before it contributes meaningfully to the bottomline as it faces competition from more bigger and more well-established rivals. Read full story
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Weekly foreign inflow to Bursa Malaysia jumps to RM1.08bil
KUALA LUMPUR: The foreign inflow into Bursa Malaysia continued in the week ended March 4 for a fourth straight week of net foreign buying. Read full story
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Market in profit-taking mode amid lack of fresh positives
KUALA LUMPUR: Bursa Malaysia extended its decline on Monday as the positive vibes from the recent corporate earnings announcements subsided and investors locked their attention on the ongoing Ukraine-Russia crisis. Read full story