Stock Market & Investment News
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Oil prices head for weekly loss on Omicron coronavirus uncertainty
SINGAPORE: Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. Read full story
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HSBC fined US$85mil for anti-money laundering failings
LONDON: Britain’s financial regulator said on Friday that it had fined HSBC 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes. Read full story
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Supermax to commence construction on US manufacturing facility in 1Q2022
KUALA LUMPUR: Supermax Corp Bhd is planning to start construction on the first phase of its new US-based manufacturing facility in Brazoria County in Texas, US in 1Q2022. Read full story
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China benchmark lending rates seen lower even as other c.banks tighten
SHANGHAI: China’s benchmark lending rates will likely be set lower next Monday, after standing still for 20 months, according to a Reuters flash poll, highlighting Beijing’s monetary policy divergence with other major global economies. Read full story
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MAA: Vehicle sales rises to 58,742 units in Nov 2021
KUALA LUMPUR: Malaysia recorded 58,742 units of new vehicle sales in November 2021, up 1.94% from 57,622 units in the same month last year, the Malaysian Automotive Association (MAA) said. Read full story
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Lani Darmawan appointed as CIMB Niaga president director and CEO
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Lani Darmawan as the president director and chief executive officer of CIMB Niaga. Read full story