Stock Market & Investment News
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Thai AirAsia restructuring to see capital injection of 3.15 bil baht
KUALA LUMPUR (April 27): Asia Aviation Public Company Ltd’s (AAV) board of directors has approved the resolutions of its subsidiary Thai AirAsia Co Ltd’s (Thai…
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Covid-19’s impact on Shopper and Payment behaviour
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Oil rises despite OPEC+ sticking to output hike amid India Covid surge
NEW YORK (April 28): Oil prices edged higher on Tuesday as OPEC, Russia and their allies agreed to stick to plans to raise output slightly…
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Google sales top estimates on ad surge; Alphabet plans US$50 billion buyback
CALIFORNIA/BENGALURU (April 28): Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and…
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Starbucks sales miss estimates, shares drop despite rosier forecast
BENGALURU/NEW YORK (April 28): Starbucks Corp missed quarterly sales estimates on Tuesday, sending shares down 2%, even though the coffee chain raised its annual forecast…
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Microsoft sales grow on cloud strength, shares dip on heightened valuation
(April 28): Microsoft Corp on Tuesday met analysts’ quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an…
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Disney to shut down most of its TV channels in Southeast Asia, eyes growth in streaming services
SINGAPORE (April 28): Disney will be shutting down most of its television channels in Southeast Asia and Hong Kong as part of the company’s effort…
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Bursa Malaysia opens easier on continued profit-taking
KUALA LUMPUR (April 28): Bursa Malaysia extended yesterday’s losses to open lower today, driven by continued profit-taking in selected heavyweights and healthcare counters, amid cautious…
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ADB projects Malaysian economy to rebound to 6% in 2021, stabilise at 5.7% in 2022
KUALA LUMPUR (April 28): Malaysia’s economy is projected to rebound to 6% in 2021 and stabilise at about 5.7% in 2022, after restrictions to control…
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Sapura Energy actively traded amid mixed reviews from analysts after bagging jobs worth RM1b
KUALA LUMPUR (April 28): Sapura Energy Bhd was among the most actively traded stocks this morning amid mixed reviews from analysts after the group secured…
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XE Market Analysis: North America – Apr 26, 2021
The dollar has pegged a near eight-week low by the measure of the narrow trade-weighted DXY index, at 90.68. The 10-year Treasury note yield ticked higher, to around 1.580%, but has remained comfortably below last weeks highs and down by nearly 20 bp form the highs seen in late March. The softer profile of longer-dated […]