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Sports Toto reports RM70mil profit

KUALA LUMPUR: Berjaya Sports Toto Bhd said earnings in the three-month ended April 30, doubled from a year ago on higher revenue and lower prize payouts by Sports Toto Malaysia Sdn Bhd.

Pantech resumes steel exports to US

KUALA LUMPUR: Pantech Group Holdings Bhd said its steel products manufacturing unit will resume exports to the US after the company said it was not subjected to anti-dumping duty.

Top Glove's net profit slides 36.5% to RM74.67m

KUALA LUMPUR: Top Glove Corp Bhd's net profit fell 36.5% year-on-year (y-o-y) to RM74.67mil in the third quarter ended May 31, 2019, amid rising natural rubber latex prices and strong competition.

China's May home prices up 0.7% month on month

BEIJING: China's new home prices rose 0.7% month-on-month in May, picking up the pace slightly from a 0.6% gain the previous month, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday.

On a yearly basis, average new home prices in China's 70 major cities increased 10.7% in May, unchanged from the growth rate in April.

Asia stocks capped ahead of Fed

TOKYO: Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05%.  Australian stocks added 0.1% while Japan's Nikkei dipped 0.05%.