Stock Market & Investment News

SHANGHAI: Asian shares plunged to their lowest in nearly 15 months, short-term U.S. yields hit 23-month highs and the dollar strengthened on Thursday after the Federal Reserve’s chairman signalled plans to steadily tighten policy. Read full story

HONG KONG: China Evergrande Group shares slumped on Thursday after the developer’s thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs. Read full story

KUALA LUMPUR: AmBank Group has announced that Tan Sri Azman Hashim will retire as the non-independent, non-executive chairman and member of the board of directors of AMMB Holdings Bhd on March 31, 2022. Read full story

SHAH ALAM: The Genting Hong Kong bankruptcy has no impact on the country’s liquidity and economic growth, said Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali. Read full story

KUALA LUMPUR: Bursa Malaysia rebounded to end marginally higher due to bargain-hunting activities during the final hour of trading, said an analyst. Read full story

KUALA LUMPUR:  Uzma Bhd’s wholly-owned subsidiary Uzma Engineering Sdn Bhd has been awarded a “call-off order” from EnQuest Petroleum Production Malaysia Ltd (EnQuest) for the provision of a hydraulic workover unit (HWU) worth RM30 million. Read full story

KUALA LUMPUR: Datuk Khairussaleh Ramli will be appointed group president and CEO of Maybank on May 1, 2022. Read full story

KUALA LUMPUR: Affin Bank Bhd will be selling its asset management arm, Affin Hwang Asset Management Bhd, to private equity fund CVC Capital Partners for over RM2bil, according to a business news portal. Read full story

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) will extend its fullest co-operation to the Malaysian Anti-Corruption Commission (MACC) and other authorities in any investigation pertaining to the Littoral Combat Ship (LCS) project. Read full story

KUALA LUMPUR: CapitaLand Malaysia REIT Management Sdn Bhd intends to lessen its reliance on retail segment by diversifying into industrial real estate, logistics and data centres over the next year. Read full story