Stock Market & Investment News
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Covid-19 cases stay above 3,000 for second day, with a third of cases from Selangor again
KUALA LUMPUR (April 29): Malaysia saw Covid-19 cases rise to 3,332 today, from 3,142 reported yesterday, marking the second straight day that new infections have…
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Facebook fuels S&P 500 to record high close
CALIFORNIA/BENGALURU (April 30): The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon…
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Proposal on affordable homes for B40 submitted to Govt — Vincent Tan
KUALA LUMPUR (April 29): The Better Malaysia Foundation (BMF) submitted its proposal on affordable homes for low-income earners in Malaysia, namely those from the B40…
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Fiscal stimulus powers US economic growth in 1Q
WASHINGTON (April 30): U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting…
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Oil prices slip from six-week high, still on track for monthly gains
SINGAPORE (April 30): Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as economic recovery and bullish summer fuel demand outlook…
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McDonald's sales soar as consumers binge on chicken sandwiches
BENGALURU (April 30): McDonald’s Corp on Thursday smashed Wall Street estimates for comparable sales and returned to pre-pandemic levels of growth as more consumers, flush…
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Bursa opens higher but retreats thereafter
KUALA LUMPUR (April 30): Bursa Malaysia opened higher but retreated thereafter, as earlier gains were snapped by mild profit-taking in plantation and technology counters amid…
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Ancom, Nylex down on proposed acquisition of latter's assets, liabilities
KUALA LUMPUR (April 30): Share prices of Ancom Bhd and 50.27%-owned associate Nylex (Malaysia) Bhd fell in morning trade on Bursa Malaysia today after Ancom announced…
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ANZ says 1HFY21 profit will be impacted by A$135m equity accounted losses from AmBank
KUALA LUMPUR (April 30): Australia and New Zealand Banking Group Ltd (ANZ), which owns about 24% of AMMB Holdings Bhd (AmBank), said today its first-half cash…