NEW YORK: Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.
WASHINGTON: The International Monetary Fund (IMF) announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money.
NEW YORK: Boeing Co shares soared more than 8% to a record high after the world’s biggest plane maker posted second-quarter profit and cash flow well ahead of Wall Street estimates and lifted its full-year forecasts, helped by aggressive cost cutting.
KUALA LUMPUR: LBS Bina Group Bhd plans to develop four towers of service apartments with an estimated gross development value of about RM600mil in Seri Kembangan, Selangor.
KUALA LUMPUR: Portfolio inflows in emerging markets in Asia are expected to rebound after falling sharply to well below benchmark level, said Frank Warnock, University of Virginia’s professor of business administration.
KUALA LUMPUR: Property developer and furniture maker SYF Resources Bhd plans to divest its particle board and medium-density fibre board business to Mieco Chipboard Bhd for RM58.58mil to improve its overall financial position.
KUALA LUMPUR: Malaysia Airlines Bhd (MAB) plans to start a new charter flight service for the annual haj and umrah in Saudi Arabia.
KUALA LUMPUR: MMC Corp Bhd’s order book remains robust at RM15bil, enough to keep it busy for the next five years.
KUALA LUMPUR: Heineken Malaysia Bhd posted a 1.6% year-on-year profit growth for the second quarter ended June 30 despite an 11.5% drop in revenue owing to the soft market sentiment.
KUALA LUMPUR: Gadang Holdings Bhd's earnings crossed the RM100mil level in the financial year ended May 31, 2017 due to improved profit margins from construction projects and higher contributions from its property business.
SINGAPORE: Most Southeast Asian stock markets edged up on Wednesday as investors bet the U.S. Federal Reserve would leave interest rates unchanged, focusing instead on when it would start paring its massive bond holdings.
KUALA LUMPUR: Sunsuria Bhd plans to undertake a mixed development project in Sentul, Kuala Lumpur, as part of its effort to pursue new development opportunities, said executive chairman Datuk Ter Leong Yap.
KUALA LUMPUR: Late buying of CIMB, Public Bank and Genting Bhd underpinned the FBM KLCI's slim gains at the close on Wednesday but traders were seen staying on the sidelines as trading volume shrunk to the lowest since July 7.
KUALA LUMPUR: AirAsia Bhd’s plans to list its Indonesian and Philippine subsidiaries are in progress and they are expected to make their debuts on the respective countries’ stock exchange latest by the first quarter (Q1) of next year.
KUALA LUMPUR: Top Glove Corp Bhd has allocated an initial investment of RM75mil for the first phase of the company’s condom production starting August 2018.
LOS ANGELES: Facebook Inc.’s version of television is coming online in mid-August after several false starts, according to people familiar with the matter.
KUALA LUMPUR: Muhibbah Engineering (M) Bhd has received full payment for its road and infrastructure works project in Qatar, says its group finance director Shirleen Lee.
Top foreign and local stories at 4pm
KUALA LUMPUR: Bursa Malaysia Bhd will not make any revision on its listing and clearing fees for this year.
KUALA LUMPUR: Property developer Mah Sing Group plans to increase its landbank in the Klang Valley to make up 75% of its total landbank in the next two to three years from 67% currently.