Stock Market & Investment News

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) traffic performance for its total network of airports has gained traction in May 2022, recording the highest passenger movements to-date surpassing the seven-million mark for the first time in two years. Read full story

BENGALURU: Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic. Read full story

WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and rising interest rates. Read full story

NEW YORK: Wall Street’s main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession. Read full story

NEW YORK: Oil prices dropped by nearly US$2 a barrel on Thursday after another round of remarks from Federal Reserve Chair Jerome Powell fanned worries U.S. interest rate hikes wouldslow economic growth. Read full story

WASHINGTON: The largest U.S. banks would remain well capitalized in the event of a severe economic shock, the U.S. Federal Reserve said on Thursday after the lenders’ annual health check, paving the way for them to issue share buybacks and dividends. Read full story

WASHINGTON: The largest-known bacterium – a vermicelli-shaped organism that was discovered in shallow mangrove swamps in the Caribbean and is big enough to be seen with the naked eye – is redefining what is possible for bacteria, Earth’s most ancient life form. Read full story