IN line with our and market expectations, the US Federal Reserve (Fed) raised its funds target range by 75 basis points (bps) by a unanimous vote, making it a cumulative 225 bps hike in 2022 in its effort to aggressively tame the stubborn inflation. Read full story
OIL prices rose in European trading yesterday as attention turned to next week’s meeting of the Organisation of the Petroleum Exporting Countries and its allies (Opec+) and expectations that it will dash US hopes for a supply boost. Read full story
SINCE the reopening of international borders in April, the Johor property market has been seeing encouraging signs of recovery. Read full story
THREE Singapore developers are stepping up land banking via the collective sale market, with their latest tie-up being the acquisition of Park View Mansions in Yuan Ching Road for US$260mil (RM1.16bil). Read full story
BUKIT Kayu Hitam in Kedah is finally restoring its vitality after spending two years in hiatus during the Covid-19 pandemic. Read full story
HAILING from a small fishing village in Sekinchan, Bryant Chai experienced the ups and downs of business at an early age, making his fortune as team leader in a direct selling industry before losing it all when his previous company faced financial problems. Read full story
ON the back of the current challenging environment, Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has successfully recorded another sustainability sukuk issuance under its book-building exercise, registering a total order of RM536mil which exceeded the initial desired size of RM300mil. Read full story
MALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department. Read full story
WITH investors on edge about an economic slowdown, Apple Inc offered just enough good news Thursday to calm fears – and bought itself some time to ready a wave of new products. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is projected to extend its uptrend next week after a three-day winning streak on optimism over the outlook for oil and vegetable oils. Read full story
WASHINGTON: The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp of a recession. Read full story
Budget cuts will also vary by country, with data showing Malaysia and China making the deepest cuts at 12.1% and 4.68% respectively Read full story
KUALA LUMPUR: Stocks that may come under the spotlight on Friday include AMMB, Bintai Kinden, Yinson, Unisem, Nestle, Pavilion REIT, Vitrox, Frontken, Maxis, Westports, Bursa Malaysia, Lotte Chemical Tital, MI Technovation Samchem and KIP REIT, says JF Apex Research. Read full story
TOKYO: Bank of Japan (BOJ) policymakers debated the chance of a global economic slowdown, including a U.S. recession caused by the Federal Reserve’s aggressive monetary tightening, a summary of opinions at their July policy meeting showed on Friday. Read full story
TOKYO: Japan’s factories ramped up output at the fastest pace in more than nine years in June as disruptions due to China’s COVID-19 curbs eased, a welcome sign for policymakers hoping the economic outlook will improve. Read full story
TOKYO: Japan and the United States are expected to agree on joint research for next-generation semiconductors to establish a secure source of the vital components during economic talks between the allies, Japanese media said on Friday. Read full story
KUALA LUMPUR: There was a flattish opening on Bursa Malaysia as investors digested news that the US had entered into a technical recession following a second straight quarter of economic contraction. Read full story
TOKYO: Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official. Read full story
KUALA LUMPUR: Pavilion Real Estate Investment Trust (REIT) is expected to continue to benefit from rising footfall as its latest earnings revealed a recovery due to the improving economy and elevated retail sales from the Aidil Fitri festivities. Read full story
KUALA LUMPUR: The ringgit advanced against the US dollar at the opening today amidst weaker United States’ (US) treasury yields following the economic contraction in the country during the second quarter of 2022. Read full story
Qualcomm Inc QCOM.O forecast fourth-quarter revenue below Wall Street targets on Wednesday, bracing for a difficult economy and a slowdown in smartphone demand that could hurt its mainstay handset chip business. Read full story
SEOUL: South Korea’s finance minister on Thursday reaffirmed the government’s determination to stabilise the local bond market in case of increased volatility with fast-rising interest rates. Read full story
KUALA LUMPUR: Stocks to watch for on Thursday include Gagasan Nadi Cergas, IGB REIT, OpenSys, CIMB, AME Elite Consortium, Tenaga Nasional, according to JF Apex Research. Read full story
SYDNEY: Asian shares made cautious gains on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, lowering bond yields and restraining the dollar. Read full story
KUALA LUMPUR: Bursa Malaysia was spurred on by the strong overnight rally on Wall Street as comments by US Federal Reserve chair Jerome Powell soothed markets fearful of more aggressive monetary tightening measures. Read full story
KUALA LUMPUR: IGB Real Estate Investment Trust’s (REIT) prospects continue to be bright amid the lifting of restrictions and reopening of international borders. Read full story
KUALA LUMPUR: The ringgit strengthened against the US dollar at the opening today as the United States’ Federal Reserve (Fed) chair Jerome Powell is seen to be less hawkish in his comments following the announcement of the 75 basis points rate hike yesterday. Read full story
Australian investment bank Macquarie Group MQG.AX flagged a higher quarterly profit on Thursday and said all its business units felt the headwinds of inflation and market volatility but its diversified structure would still bring opportunities. Read full story