ZURICH: Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia’s invasion of Ukraine, the Swiss bank said on Wednesday. Read full story
KUALA LUMPUR: ACE Market-bound SFP Tech Holdings Bhd has inked an underwriting agreement with Public Investment Bank Bhd for its initial public offering (IPO). Read full story
JAKARTA: Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government’s policy failed to help contain surging cooking oil prices. Read full story
BANGALORE: Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy Twitter Inc for $43 billion. Read full story
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
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
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
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
OIL prices were little changed on Tuesday, after rising 1% in the previous session, as Libya was forced to halt some exports and as manufacturers in China prepared to reopen factories after a nearly three-week COVID-19 shutdown in Shanghai. Read full story