Tag Archives: Bursa Malaysia

MCDONALD’S diners have said goodbye to salads. Stock investors should be glad they’re gone. Read full story

NEW YORK: U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve. Read full story

NEW YORK: Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive policy tightening in decades. Read full story

NEW YORK: Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months. Read full story

The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. Read full story

WASHINGTON: The U.S. Treasury Department on Friday said Switzerland continued to exceed its thresholds for possible currency manipulation under a 2015 U.S. trade law, but refrained from branding it – or any other country – a currency manipulator. Read full story

Iran and Venezuela signed a 20-year cooperation plan in Tehran on Saturday as the two countries, among the world’s top oil producers, grapple with U.S. sanctions that are crippling their exports. Read full story

KUALA LUMPUR: Aeon Co (M) Bhd has appointed Ono Keiji as managing director and chief executive officer (MD/CEO), following the resignation of Shafie Shamsuddin effective June 30. Read full story

KUALA LUMPUR: The Goods and Services Tax (GST) will be improved in terms of the efficiency of its reimbursement process, business compliance level as well as overall administration if the government decides to reintroduce the tax. Read full story

KUALA LUMPUR: Education services provider Minda Global Bhd, via its wholly-owned unit UOC Sdn Bhd (UOCSB) has proposed to acquire a freehold land measuring 174,461 square feet (sq ft) in Cyberjaya and the buildings erected thereon from Persada Mewah Sdn Bhd for RM180 million. Read full story

KUALA LUMPUR: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT) has appointed Johari Shukri Jamil, as chief executive officer (CEO) effective June 11. Read full story

KUALA LUMPUR: Reservoir Link Energy Bhd’s 60%-owned subsidiary Reservoir Link Solutions Sdn Bhd has secured a contract from SEA Hibiscus Sdn Bhd for the provision of well services pumping and specialty chemicals. Read full story