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Business News 1d ago

What’s up at Xin Hwa?

What’s up at Xin Hwa?

Corporate News 15 Feb 2019

The 10 best paid hedge fund managers made US$7.7b in 2018

NEW YORK: Even for this Gilded Age of 0.0001 percenters, Kenneth Griffin drips money. The hedge-fund mogul recently closed on a New York penthouse for an eye-watering $240 million. Before that he picked up a $122 million London mansion.

Business News 1d ago

Economist sees slower growth in major economies

MANULIFE Asset Management global chief economist Megan E. Greene foresees three key issues taking centre stage this year.

Business News 1d ago

ICPT: An electrifying issue

How will the government deal with rising energy prices?

Corporate News 15 Feb 2019

Axiata accepts takeover offer for Singapore's M1 at RM1.65b

KUALA LUMPUR: Axiata Group Bhd has accepted the general offer for its 28.67% stake in Singapore's M1 Ltd which will see it netting a gain of RM126.45mil on disposal of the shares.

Analysts had said Axiata would have to accept the offer unless it was able to find a partner to fund a counterbid since M1 was a non-core asset. The 28.67% stake comprises 265.41 million shares.
Markets 1d ago

Wall Street rallies on trade optimism

NEW YORK: Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war

The Dow Jones Industrial Average rose 443.86 points, or 1.74 percent, to 25,883.25, the S&P 500 gained 29.87 points, or 1.09 percent, to 2,775.6 and the Nasdaq Composite added 45.46 points, or 0.61 percent, to 7,472.41.  All 11 major sectors in the S&P 500 ended the session in the black.
Business News 1d ago

How effective will the special volunteer disclosure programme be?

THIS is not the first time Malaysia is granting tax amnesty.

More effective: Sim says the current scheme will likely be more effective in recouping funds.
Corporate News 1d ago

Fed policymakers see one US rate hike, or none, as growth slows

BIRMINGHAM, Ala./SAN FRANCISCO: When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.

If that view is widely held, the Fed's March forecasts could show a suddenly flatter path for interest rates that better matches its new 'patient' policy. In December, when the Fed raised interest rates a fourth time that year, most Fed policymakers penciled in two more rate hikes for this year.
Economy 15 Feb 2019

Malaysian economic growth beats forecasts

GDP in Q4 up 4.7%, economy’s first acceleration in growth since a year ago

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the press conference yesterday with Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin. - FAIHAN GHANI/The Star.