KUALA LUMPUR: Sime Darby Property Bhd (SDP) recorded a net profit of RM72.19mil for its fourth quarter (Q4) ended Dec 31, 2021 compared with a net loss of RM56.64mil in the previous corresponding period, driven by strong progress billings during the quarter upon resumption of site progress in the company’s property development segment. Read full […]
THE S&P 500 Index officially fell into a correction on Tuesday, tumbling 10% from its record high on Jan 3. The benchmark for United States stocks extended its decline on Wednesday, dropping as much as 1.8%. Read full story
Company targets higher property sales of RM1.5bil Read full story
NEW YORK: Investors rediscovered much of their appetite for riskier bets by Thursday afternoon with the MSCI global index finishing well above its session low and the U.S. dollar paring gains while oil futures pulled back from multi-year records after Russia’s invasion of Ukraine and responses from other countries. Read full story
LONDON: Russia’s attack on Ukraine sparked gyrations and fresh uncertainty in markets on Thursday, as investors scrambled to assess the conflict’s longer term implications for asset prices Read full story
LONDON: Commodity prices jumped to multi-year highs on Thursday after Russia invaded Ukraine, raising the prospect of tighter supplies due to the possibility of additional sanctions on Russian exports, transport disruptions and Moscow withholding supplies. Read full story
NEW YORK: The U.S. Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc TSLA.O Chief Executive Elon Musk and his brother Kimbal Musk “violated insider trading rules”, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Read full story
WASHINGTON: President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia’s ability to do business in major currencies along with sanctions against banks and state-owned enterprises. Read full story
NEW YORK: Two Goldman Sachs GS.N bankers concocted a scheme involving their wives to conceal kickbacks they received for helping to loot Malaysia’s 1MDB sovereign wealth fund, one of the bankers testified on Thursday at the corruption trial of the other, Roger Ng. Read full story
Gamuda portion of MRT project is worth RM1.45bil Read full story
WHEN it comes to the Ukraine crisis and energy, we are less in a war of attrition than one of asymptotes. Read full story
THE new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem. Read full story