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Maybank IB issues 8 new call warrants

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has issued eight new European style cash-settled call warrants over ordinary shares of Guan Chong Bhd, Pos Malaysia Bhd, QL Resources Bhd, SKP Resources Bhd, SP Setia Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Taliworks Corp Bhd And Uchi Technologies Bhd.

Ringgit rises on demand for emerging currencies

KUALA LUMPUR: The ringgit opened higher against the US dollar early Thursday as the weaker greenback sentiment spurred demand for emerging currencies, dealers said.

At 9 am (0100 gmt), the ringgit stood at 4.0850/0880 against the US dollar from 4.0865/0905 at the close Wednesday

Nissan may ask ex-Toray boss Sakakibara to chair board meetings

TOKYO: Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday.

Japan's No. 2 automaker is considering nominating Sakakibara(pic), a former head of powerful business lobby Japan Business Federation, to become an external director at the general shareholders' meeting in June.

Asia shares take a breather, pound near 9-month peak

SYDNEY: Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world's second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote

MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 522.38 points. Japan's Nikkei jumped 0.6 percent while Australian and New Zealand shares each added 0.2 percent.  Asian markets have seen an impressive rally this year with the MSCI index climbing about 10 percent largely after the U.S. Federal Reserve all but abandoned its rate hike plans.

China becomes world's biggest importer of rare earths

BEIJING: China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday.

But rising Chinese imports look set to be a long-term trend, he added. Other than Lynas Corp, a rare earth producer that operates in Malaysia and Australia, "any company that's reached production in recent years has done so by selling rare earth concentrate to China", Castilloux said. (File pic shows the Lynas plant in Gebeng.)

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