TOKYO: Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. Read full story
KUALA LUMPUR: United Overseas Bank Ltd (UOB) expects its acquisition of Citigroup’s consumer banking businesses will immediately bring a 1.4 times uplift to income, said UOB group chief financial officer (GCFO) Lee Wai Fai. Read full story
TOKYO: Japan’s Hitachi Ltd said on Friday it plans to sell about half of its stake in Hitachi Construction to trading company Itochu in a sale worth about 182.4 billion yen ($1.60 billion). Read full story
BEIJING: China posted a record trade surplus in December and in 2021, as exports outperformed expectations during a global pandemic, but some analysts pointed to a slowdown in international shipments in the coming months. Read full story
SINGAPORE: Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise. Read full story
KUALA LUMPUR: Lion Industries Corp Bhd (LICB) has proposed to dispose of its entire 100% equity stake in Eden Flame Sdn Bhd for RM135.88mil. Read full story
KUALA LUMPUR: The FBM KLCI ended the day in red, dampened by across-the-board selling, in line with the weak regional performance. Read full story
KUALA LUMPUR: Ageson Bhd has decided not to continue with the supplies of sand to several parties due to the high shipping costs. Read full story
KUALA LUMPUR: AirAsia Group Bhd (AAGB) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course. Read full story
PUTRAJAYA: The crude palm oil (CPO) price is expected to average at RM3,800 per tonne in 2022 on improved palm oil production, in line with the performance of other major vegetable oils prices amid the recovery in production and stock, the Malaysian Palm Oil Board (MPOB) said. Read full story
CO2 emissions to hit record high in 2022 despite greater focus on climate; emissions policy is on the ballot in key markets Read full story
KUALA LUMPUR: The FBM KLCI ended higher on Thursday with continuous buying from foreign funds but the broader market was weak in line with the cautious key Asian markets. Read full story