Bank Negara international reserves expand to US$116.7bil as at Nov 30
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves expanded to US$116.7 billion as at Nov 30, 2021 from US$116.5 billion as at Nov 15, 2021. Read full story
Stock Market & Investment News
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BAT sticks to forecast as demand for tobacco alternatives rises
BRITISH American Tobacco said it sees 2021 as a “pivotal year” as it backed its full-year profit and sales forecasts on Tuesday buoyed by strong demand for its “new categories” products. Its shares, down 3% this year, rose 1.75% to 2,671 pence in morning trading after the FTSE-listed company also flagged a possible share buyback. […]
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China stocks rise on monetary easing; Evergrande woes in focus
SHANGHAI: China stocks ended higher on Tuesday after the central bank cut the amount of cash banks must hold in reserve, while investors cautiously watched if Evergrande would default as the world’s most indebted developer inches closer to a debt restructuring. Read full story
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Bursa Malaysia up 1% on window-dressing activities
KUALA LUMPUR: Bursa Malaysia turned positive on Tuesday after a broad recovery rally, thanks to window-dressing activities and risk-on mode. Read full story
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