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Third quarter growth at 4.4%

Contrary to market prediction, Malaysia’s economy grew at a marginally slower pace in the third quarter, instead of picking up pace.

Nor Shamsiah: Growth was affected by lingering commodity-specific supply shocks. — Bernama

Rakuten aims to get more young investors

MALAYSIA’S first fully digital equities broker, Rakuten Trade, wants to aggressively boost its existing portfolio of young investors next year which represents more than three quarters of its total client base.

KLCI rallies past 1,700 as Maxis climbs

KUALA LUMPUR: Fund buying of Maxis enabled the telco to help push blue chips higher in early Friday trade as the FBM KLCI broke past the key 1,700 level.

RBS loses £2.84bil in market cap as shares sink 10%

LONDON: A sell-off across Britain's financial markets wiped 2.84 billion pounds off Royal Bank of Scotland's market capitalisation on Thursday after its shares sank 10 percent, according to Reuters calculations.

The bank ended the day with a market capitalisation of about 27.01 billion pounds, down 9.5 percent from Wednesday, according to calculations. The stock had its worst day since the Brexit vote in June 2016.

RHB Asset eyes RM400mil with launch of two new funds

KUALA LUMPUR: RHB Group Asset Management (RHBGAM) has announced a collaborative partnership with Chinese fund management company China Asset Management (ChinaAMC) and Allianz Global Investors (AllianzGI) to launch Malaysia’s first syariah-compliant China fund, RHB Shariah China Focus and RHB Global Artificial Intelligence fund.

(from left) Allianz Global Investors Director and Co- Portfolio Manager Stephen B.Jue, MD/CEO, Regional Head of RHB Group Asset Management Eliza Ong Yin Suen and China Asset Management Senior Portfolio Manager Raymond Jing launching the RHB Shariah China Focus Fund and RHB Global Artificial Intelligence Fund. - SAMUEL ONG/The Star