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Philip See to pilot Firefly?

PETALING JAYA: Philip See is speculated to take over as the new chief executive officer of Firefly by January next year, sources said.

Philip See is currently the head of strategy at Malaysia Airlines Bhd, the sister company of Firefly

US Fed ponders raising rates

NEW YORK: Federal Reserve chairman Jerome Powell said the US economy is strong but could face headwinds next year as policy makers weigh how far and fast to raise interest rates

Rate poser: Powell says the Fed has to think about how much further to raise rates and the pace at which to raise them. — AP

Fund sees opportunity in South Korean tech stocks

SEOUL: South Korean stocks are being unfairly sold off alongside their Chinese counterparts on investor concerns about the ongoing trade war, but that has created a buying opportunity and the trend should eventually reverse, according to a local fund manager.

Stock slide: A currency trader walks by the screen showing the KOSPI at the foreign exchange dealing room in Seoul on Monday. The Kospi Index has fallen 16, just behind the 20 slump in the Shanghai Composite Index. — AP

Maybank, CIMB give KLCI firm push

KUALA LUMPUR: Fund buying of Maybank and CIMB helped push the FBM KLCI to a higher close on Thursday, extending its gains for two days while market sentiment was seen improving.

Maybank shares climbed on rising fund interest.

Fitch affirms Sime Plantation BBB+, stable outlook

KUALA LUMPUR: Fitch Ratings has affirmed palm-oil producer Sime Darby Plantation Bhd at BBB+ with a stable outlook while it is also positive on the latter's commitment to sustainable palm oil.