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Treasury Pulse

28 March 2015

THE US Dollar Index resumed its weekly decline around the 97 handle, due to disappointing US economic data, on the heels of last week’s dovish steer from the Federal Reserve.

Perak Corp shareholders decided Integrax future: Amin

28 March 2015

IPOH: Perak Corp Bhd shareholders, in an EGM that lasted four hours, voted overwhelmingly on Friday in favour of selling the company’s 15.74% stake in Integrax Bhd to Tenaga Nasional Bhd for RM3.25.

Chipmaker deal helps Wall St rebound, oil slumps anew

28 March 2015

NEW YORK: Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.

Chevron exits Caltex Australia stake for $3.7 bln

28 March 2015

PERTH: U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia's biggest block deal this year, as falling oil prices and high costs hurt margins.

Intel in talks to buy Altera, shares of firms surge

28 March 2015

NEW YORK: Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector.

Fitch cuts Greece's rating to 'CCC' on uncertainty over aid release

28 March 2015

ATHENS: Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding.

Dollar ends week lower after Yellen comments have muted impact

28 March 2015

NEW YORK: The U.S. dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of U.S. jobs data next week, and after comments from Federal Reserve Chair Janet Yellen.

Fed's Yellen sees gradual rate hikes starting this year

28 March 2015

SAN FRANCISCO/WASHINGTON: Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.

Poser over Dr Yu’s interest in Imaspro

28 March 2015

SO what is Datuk Dr Yu Kuan Chon’s interest in little known pesticide and fertiliser manufacturer and distributor Imaspro Corp Bhd this time?

From doctor to corporate investor

28 March 2015

AN extremely low profile man in his early 50s, Dr Yu Kuan Chon graduated as a medical doctor in 1988 and then spent the next seven years practising in government hospitals before going into the family property development business, then known as Yu Neh Huat Bhd.

Breakout likely

28 March 2015

REVIEW: Bursa Malaysia quickly moved to the positive side despite starting the week 2.42 points easier at 1,801.23, as investors took advantage of the sharply higher US equities and crude oil prices to indulge in bargain hunting.

Unfair housing loan agreement

28 March 2015

MOST if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and conditions of the housing loan. (Banks in this context refers to commercial banks, Islamic banks and other financial institutions).

Testing corporate resilience

28 March 2015

Malaysian corporates have generally reduced their gearing levels in the last four years, putting themselves in a better position to weather any economic shocks.

No issue with funding for Kazakhstan oil fields

28 March 2015

Industry observers have been raising questions on how CLIQ Energy Bhd will fund its proposed development plan for the two Kazakhstan oil fields it intends to buy as its qualifying acquisition (QA).

The Short Position

28 March 2015

REVELATIONS about what transpired in the fatal Germanwings Airbus A320 crash that took the lives of 150 people are shocking.

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