News
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
GLOBAL MARKETS-Stocks rise after aggressive Fed hike outlook
NEW YORK: Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve’s surprisingly aggressive interest rate stance, while oil prices surged on supply shortage concerns arising from the Russia-Ukraine conflict. Read full story
-
Oil surges 8% amid warnings of Russian supply shortages
HOUSTON: Oil prices climbed 8% on Thursday, extending a series of wild daily swings, as the market rebounded from several days of losses with a renewed focus on supply shortages in coming weeks due to sanctions on Russia Read full story
-
Indonesia makes U-turn to replace palm oil export curbs with levy
JAKARTA: Indonesia will remove export volume restrictions on palm oil products and raise its export levy instead, its trade minister said on Thursday, in a surprise policy U-turn just a week after it shocked markets by further tightening its curbs. Read full story
-
Moscow controls on foreigners trading Russian assets raise write-down concerns
LONDON/NEW YORK: Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup C.N showed, raising fresh concerns Western investors could face large write-downs. Read full story
-
Trading ideas: Gas Malaysia, SKP Resources, LYC Healthcare, Vizione, Cahya Mata Sarawak, Scomi Energy Services and Sapura Energy
KUALA LUMPUR: On Friday, investors could be keeping a watchful eye on Gas Malaysia, SKP Resources, LYC Healthcare, Vizione, Cahya Mata Sarawak, Scomi Energy Services and Sapura Energy, according to JF Apex Research. Read full story
-
Bursa stays positive for third day on rising global optimism
KUALA LUMPUR: Tracking optimism in US markets, Bursa Malaysia extended its rally as investors grew more comfortable with the US Federal Reserve’s interest rate hike plan. Read full story
-
Slower sales for EcoWorld Malaysia expected moving forward
KUALA LUMPUR: Despite a promising start to its financial year, Eco World Development Group Bhd (EcoWorld Malaysia) could be facing slowing sales for the remainder of the year as analysts anticipate a weaker sales performance ahead. Read full story
-
Ringgit opens flat amid firming global economy
KUALA LUMPUR: The ringgit opened flat versus the US dollar on Friday despite oil prices surging amidst Russian supply concerns. Read full story
-
Malaysia achieves record export, overall trade performance for month of February
KUALA LUMPUR: Malaysia’s export value continued its upward trend to hit an all-time high for the month of February with double-digit increases in the manufacturing, agriculture and mining sectors. Read full story
-
Bursa loses early lead as Russia-Ukraine negotiations yield little progress
KUALA LUMPUR: After a hopeful start, Bursa Malaysia succumbed to profit-taking pressure to enter the lunch break in negative territory. Read full story
-
-
-