Stock Market & Investment News

THE bid by a green billionaire to buy Australia’s most polluting company may have stumbled at the first hurdle, but it’s likely the race is far from over. Read full story

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PETALING JAYA: MSM Malaysia Holdings Bhd slipped into the red with a net loss of RM16.16mil in the fourth quarter ended Dec 31, 2021, against a net profit of RM56.22mil a year ago. Read full story

KUALA LUMPUR: Globetronics Technology Bhd’s net profit rose 6.1% to RM17.89mil in the fourth quarter ended Dec 31, 2021 from RM16.86mil a year ago, driven by better product mix. Read full story

PETALING JAYA: The Malaysian Rubber Gloves Manufacturers Association (Margma) is urging local businesses to embrace an open and transparent recruitment policy, which is in line with the industry’s commitment to zero-debt bondage. Read full story

PETALING JAYA: NCT Alliance Bhd’s net profit for its fourth quarter ended Dec 31, 2021 surged to RM16.96mil from RM4.77mil in the previous corresponding period, boosted by higher income from its property division Read full story

NEW YORK: Crude oil futures on Tuesday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed international responses after Russia sent troops into parts of Ukraine. Read full story

BERLIN: Bosch is investing an additional 250 million euros (US$282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. Read full story

NEW YORK: Oil edged close to US$100 a barrel on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, but pared gains to end near 2014 highs following Western efforts to stop what they fear is the beginning of a full-scale Russian invasion. Read full story

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