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KLCI extends rally to highest since mid-October

KUALA LUMPUR: Sustained fund buying of Petronas Chemical, Axiata and Genting Bhd helped push the FBM KLCI to a higher close on Wednesday as trading volume and value surged, tracking the exuberant key Asian markets.

BNP Paribas hires for Asia wealth as it mulls Indonesia push

SINGAPORE: BNP Paribas SA is hiring relationship managers in Asia and considering a push into more of the region’s onshore private banking markets, according to the firm’s head of wealth management for Asia Pacific.

Indonesia is among the markets where BNP Paribas is exploring an onshore presence.

Oil dips below 2019 highs as surging US supply counters Opec cuts

SINGAPORE: Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club Opec and from Washington's sanctions on Iran and Venezuela.

DBhd posts 21% higher earnings of RM20.62m in FY2018

KUALA LUMPUR: Damansara Realty Bhd (DBhd) recorded a net profit of RM20.62mil for the financial year ended Dec 31, 2018, an increase of 21.15% over RM17.02mil in the previous financial year due to contributions from the Pengerang operations.

KLCI rallies on growing sentiment, PChem lifts

KUALA LUMPUR: The FBM KLCI broke out of its sideways trading channel on Wednesday and hit a 3.5-month high as investors turned more positive over the ongoing US-China trade talks.

Asia stocks up slightly, eyes on US-China talks, Fed minutes

TOKYO: Asian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade. Japan's Nikkei gained 0.4 percent.