Stock Market & Investment News

Bestinet founder takes over helm of company Read full story

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Malaysia needs to ensure it keeps its leading position in competitiveness among its Asean peers even as countries such as Vietnam and Thailand continue to leap forward. Read full story

SOFTWARE solutions provider Censof Holdings Bhd has built a strong footprint in the government sector, with 86 out of 139 government statutory bodies as its clients. Read full story

New York: The U.S. Department of Justice has launched an expansive criminal investigation into short selling by hedge funds and research firms, according to three people familiar with the matter. Read full story

NEW YORK: The dollar weakened and a gauge of global equity markets rose higher on Friday after data showed consumer prices rose as expected in November, easing concerns the U.S. Federal Reserve would aggressively tighten monetary policy to combat inflation. Read full story

NEW YORK: Moderna Inc executives called on investors to wait for more data amid a sharp selloff in its shares on Friday, after early data showed its mRNA-based flu vaccine was no better than already approved shots in the market. Read full story

Although limited, the cuts come as Toyota tries to make up for production lost to earlier supply-chain disruptions in Malaysia and Vietnam that forced it to trim vehicle output even as demand for cars in markets such as China rebounded as coronavirus lockdowns ended. Read full story

Washington The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a previously announced plan to try to reduce oil prices Read full story

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, a dealer said. Read full story