News

KUALA LUMPUR: The FBM KLCI ended higher on Wednesday led by bargain hunting as value emerged from recent falls. Read full story

KUALA LUMPUR: Vertice Bhd has proposed to dispose of 40% equity interest in Kumpulan Voir Sdn Bhd for RM9mil cash. Read full story

KUALA LUMPUR: Ancom Nylex Bhd’s net profit more than doubled to RM15.14mil in the third quarter ended Feb 28 (3Q22) from RM7.08mil a year ago. Read full story

KUALA LUMPUR: Caely Holdings Bhd has reassured all stakeholders that measures are being explored to ensure business continuity and sustainability. Read full story

LONDON: More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their profit margins, and few see the Bank of England getting inflation under control in the next couple of years. Read full story

BOSTON: Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses. Read full story

US INFLATION is “far too high,” St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for increasing interest rates to 3.5% by the end of the year to slow what are now 40-year-high inflation readings. Read full story

US STOCKS closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors contrasted Bank of America’s positive earnings with surging bond yields ahead of further earnings cues this week. Read full story