Support would include professional, emotional and financial support to assist them. Khazanah had, at the end of August, announced its 12-point plan to resuscitate the national airline which would see 6,000 jobs cut from its existing workforce of 20,000 employees.
MarketWrap: US stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut. The DJIA fell 21.03 points, or 0.1, to 20,975.09, the S&P 500 lost 1.16 points, or 0.05%, to 2,387.45 and the Nasdaq dropped 0.27 point to 6,025.23. - Reuters
Energy
Oil prices rebounded from early losses on Wednesday after US government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing countries. Brent crude, the international benchmark, ended down 21 cents at US$51.82 a barrel. - Reuters
Forex summary
*The ringgit lost 0.09% to 4.3515 versus the US$
*It lost 0.15% to 4.7487 versus euro
*Down 0.40% to 5.5959 per pound sterling
*Up 0.05% to 3.1178 per Singapore dollar
*Up 0.29% to 3.2518 per Aussie
*0.06% higher to 3.9124 per 100 yen
Limited time offer:
Just RM5 per month.
