Stock Market & Investment News

KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) wants to provide opportunities for businesses t Read full story

KUALA LUMPUR: Dialog Group Bhd, which saw its net profit climb 5% to RM127.87mil in the second quarter ended Dec 31, 2022 (2Q22), is confident that its performance will remain profitable in the current financial year. Read full story

KUALA LUMPUR: MARC Ratings has revised the ratings outlook to negative from stable on its A+IS and AIS ratings on Tropicana Corp Bhd’s RM1.5bil Islamic medium-term notes programme (Sukuk Wakalah) and RM2bil perpetual sukuk programme. Read full story

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has been notified of an appeal filed by the Inland Revenue Board (IRB) over the RM1.81bil tax claim for the year of assessment 2018 against the former. Read full story

NEW YORK: Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West. Read full story

KUALA LUMPUR: Domestic steel bar manufacturers have no control over steel prices, as the domestic steel prices are subject to the global supply and demand dynamics, said the Malaysian Iron and Steel Industry Federation (MISIF) and Malaysia Steel Association (MSA). Read full story

NEW YORK/LONDON: Stocks on Wall Street and in Europe rebounded on Tuesday while oil prices fell after Russia indicated it was withdrawing some troops from exercises near Ukraine and President Vladimir Putin said he saw room for further discussion with the West. Read full story

FRANKFURT: Two European Central Bank officials made the case on Wednesday for ending the ECB’s bond buying scheme as high inflation in the euro zone lessens the case for adding stimulus to the economy. Read full story

NEW YORK: A dramatic flattening in key parts of the U.S. Treasury yield curve is reflecting worries that the Federal Reserve has been too slow to raise interest rates and will now risk causing a recession by tightening monetary policy too aggressively. Read full story