Latest
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Cryptocurrency
MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds
KUALA LUMPUR: MY EG Services Bhd and Zetrix Foundation are exploring a collaboration with Hong Kong-based virtual asset manager MaiCapital on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.
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Markets
Asian shares jump on tech boost; fragile yen on intervention watch
SINGAPORE: Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities.
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Plantations
MPOB intensifying oil palm industry R&D strategies, says chairman
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) will analyse research projects and issues in the Malaysian oil palm industry to ensure that it will continue to drive growth and progress towards a lucrative and sustainable future.
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Markets
Hong Kong bourse operator's Q1 profit down 13% on weaker listings, trading
HONG KONG: Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses.
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Markets
FBM KLCI hits fresh two-year high as rally continues
KUALA LUMPUR: A boost in global market sentiment has helped bolster the FBM KLCI to its highest level in two years.
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Aviation
Tony Fernandes signs 5-year extension as Capital A CEO
KUALA LUMPUR: Capital A Bhd chief executive officer (CEO) Tony Fernandes has signed a new service contract for the next five years, continuing his role to focus on driving the group’s future growth and financial returns.
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Economy
Australia Q1 inflation slowdown disappoints, rate cut bets gone
SYDNEY: Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.
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Forex
Ringgit rebounds on softer US$ after PMI data
KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.
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Analyst Reports
Positive earnings outlook for Axis REIT
KUALA LUMPUR: Analysts are recommending "buy" on Axis Real Estate Investment Trust (REIT) in anticipation of improved occupancy rates and contribution from new acquisitions to bolster earnings.
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Markets
FBM KLCI remains in bullish mode on US corporate results beat
KUALA LUMPUR: The domestic market is expected to maintain its upward trajectory as it builds on its ongoing bullish momentum, although gains will be capped by investors quick to cash out of the latest rally.
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Markets
Wall St closes higher as investors digest earnings
US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.
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Business
Trading ideas: MAHB, Capital A, Chin Hin, Cypark, Gadang, Comfort Gloves, HHRG, Haily
KUALA LUMPUR: Here is a recap of the news headlines from Corporate Malaysia.
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Commodities
Oil rises as dollar slips, focus shifts to economic data
Oil prices rose by more than US$1 a barrel on Tuesday as the US dollar index fell to its lowest level in more than a week and investors shifted their focus away from tensions in the Middle East to the state of global economies.
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Corporate News
Breadmaker Bimbo hit by profit slump, cuts earnings outlook
Mexican breadmaker Bimbo’s first quarter net profit fell by about 42% from a year earlier, the company says, citing foreign exchange effects stemming from a strong peso and weaker spending in its North American markets.
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Corporate News
UnitedHealth says hackers possibly stole large amount of data
UnitedHealth Group says that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest US health insurer scrambles to contain the damage.
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Star Biz7
The business of immersion
Johnny Ong, co-founder and head of experience design at Superdough, on advancing experiential entertainment with rich storytelling and innovative design.
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Insight
Navigating the next phase of sustainability reporting
Recent developments underscore the growing trend towards standardised and mandatory disclosure of environmental, social and governance (ESG) information by companies.
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Star Biz7
The bead generation
Handcrafted embroidery brand ManekNya shines a light on Peranakan cultural heritage with a fresh take on traditional beadwork.
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Star Biz7
The art of branding
Joanne Chew, founder and creative director of Fictionist Studio, on delivering bold branding solutions through impactful storytelling and out-of-the-box design.
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Corporate News
US sues to block Coach and Michael Kors merger
The US Federal Trade Commission (FTC) on Monday sued to block Coach parent Tapestry’s US$8.5bil deal to buy Michael Kors owner Capri, saying it would eliminate “direct head-to-head competition” between the flagship brands of the two luxury handbag makers.