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OSK Ventures to invest in Blue Planet

KUALA LUMPUR (Bernama): OSK Ventures International Bhd (OSKVI) has announced that it will be investing in Singapore-based Blue Planet Environmental Solutions.

DRB-Hicom shares slump on Goldstar's RM522m suit

KUALA LUMPUR: Shares of DRB-Hicom fell to a low of RM1.66 on Friday following a RM522.91mil suit filed by China's Goldstar Heavy Industrial Co Ltd over an aborted joint venture.

 DRB-Hicom announced on Thursday Goldstar had filed a civil complaint against Proton Automobiles (China) Lt and Perusahaan Otombil Nasional Sdn Bhd at the Guandong Higher People's court.

Stocks rise on trade optimism, pound strengthens

NEW YORK: Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain's membership in the European Union.

The Dow Jones Industrial Average rose 162.94 points, or 0.67 percent, to 24,370.1, the S&P 500 gained 19.86 points, or 0.76 percent, to 2,635.96 and the Nasdaq Composite added 49.77 points, or 0.71 percent, to 7,084.46.  The pan-European STOXX 600 index rose 0.04 percent and MSCI's gauge of stocks across the globe gained 0.40 percent.

Goldman Sachs CEO apologises for ex-banker’s role in 1MDB scandal

NEW YORK: Goldman Sachs Group Inc chief executive officer David Solomon (pic) has apologised to the Malaysian people for former ban­ker Tim Leissner’s role in 1Malaysia Development Bhd (1MDB) scandal, but said the bank had conducted due diligence before every transaction.

Securities borrowing and lending for retail investors

KUALA LUMPUR: Affin Hwang Investment Bank (Affin Hwang IB) has launched its securities borrowing and lending (SBL) facility for retail investors and is initially targeting to achieve RM50mil in securities lending in 2019.

Latest offering: Maimoonah and Tajuddin hitting the gong to mark the launch of Affin Hwang IB’s securities borrowing and lending facility for retail investors