Stock Market & Investment News

MOSCOW The rouble tanked on Monday, slipping past 80 against the dollar, while stocks plunged to their lowest in over a year as Russian President Vladimir Putin called for the immediate recognition of two breakaway regions in eastern Ukraine. Read full story

FRANKFURT: Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory filings. Read full story

SYDNEY: Australia’s second-largest supermarket chain Coles Group COL.AX on Tuesday reported a 2% drop in first-half of fiscal 2022 profit Read full story

CONFRONTING DIGITALISATION FEARS AMONG SMEs Read full story

PETALING JAYA: CSC Steel Holdings Bhd saw its net profit jump more than two-fold to RM86.09mil in the financial year ended Dec 31, 2021 (FY21) from RM37mil in FY20 on improved product margin. Read full story

PETALING JAYA: Inta Bina Group Bhd’s net profit rose 67% to RM2.4mil in the fourth quarter ended Dec 31, 2021, from RM1.4mil in the same period a year ago. Read full story

PETALING JAYA: Siab Holdings Bhd saw the public portion of its initial public offering (IPO) oversubscribed by 50.18 times. Read full story

KUALA LUMPUR: KPower Bhd’s subsidiary KPower Engineering Sdn Bhd and its consortium partner Tellhow International Engineering & Contracting Co Ltd have won a RM70mil contract for small hydropower plants in Kota Marudu, Sabah, from One River Power Sdn Bhd. Read full story

IPOH: Tenaga Nasional Bhd’s (TNB) fibre optic network, carried out by its wholly-owned subdsidiary Allo Technology Sdn Bhd, targets to expand its high-speed broadband connectivity to 300,000 premises in the Peninsular Malaysia by year-end. Read full story