Stock Market & Investment News

KUALA LUMPUR: The Malaysian economy is doing reasonably well in the face of global challenges, according to World Bank Group lead economist for Malaysia, Apurva Sanghi. Read full story

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd’s unit, Pt Lotte Chemical Indonesia (LCI), has entered into related party transactions involving the company’s integrated petrochemical facility in Indonesia. Read full story

KUALA LUMPUR: Telecommunication giant, Axiata Group Bhd (Axiata) and PT XL Axiata Tbk (XL Axiata) today completed the acquisition of the combined 66.03 per cent equity interest in PT Link Net Tbk (Link Net) for approximately RM2.63 billion. Read full story

KUALA LUMPUR: Mtouche Technology Bhd has received a notice in writing dated June 3 from Messrs Afrizan Tarmili Khairul Azhar PLT (AFTAAS) on their resignation as auditors of the company. Read full story

SINGAPORE: China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one tracker saying the cargo is destined for state reserves. Read full story

LONDON: World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar. Read full story

LONDON: Sustainable palm oil is becoming harder to find as food manufacturers use it to replace sunflower oil sourced from Ukraine and to meet environmental goals, Ahold Delhaize’s AD.AS CEO told Reuters. Read full story

The Federal Reserve is “strongly committed” to bringing down inflation that is running at a 40-year high and policymakers are acting “expeditiously to do so” but are not trying to cause a recession in the process, U.S. central bank chief Jerome Powell said on Wednesday. Read full story