KUALA LUMPUR: Malakoff Corporation Bhd's indirect unit has drawn down A$502mil (RM1.49bil) which was used to refinance the loan facility for the Macarthur Wind Farm in Australia.
NEW YORK: Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.
HONG KONG: Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.
LONDON: The dollar hit a 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility.
KUALA LUMPUR: Gabungan AQRS Bhd has bagged a RM60.22mil contract to build a sub-structure, toll plaza and motorcycle lane along part of the Sungai Besi-Ulu Kelang Expressway (SUKE).
KUALA LUMPUR: The rout continued on Bursa Malaysia with the FBM KLCI nearing the key 1,700 support level on Wednesday on late selling of Public Bank.
MANILA: The Philippine central bank raised its benchmark interest rate on Wednesday, for the second time in six weeks, and said it was ready to take further action to tame inflation and the volatility in the peso.
BANGKOK: Thailand's central bank on Wednesday held its benchmark interest rate, as widely expected, and raised its forecasts for growth and exports this year, saying Southeast Asia's second-largest economy continues to gain traction.
BEIJING: Donald Trump’s threat to impose tariffs on another $200 billion of Chinese imports could cut as much as half a percentage point from the nation’s economic growth, according to economists.
KUALA LUMPUR: Ride hailing services provider, Grab Malaysia, does not expect much impact on its pricing once the Sales and Services Tax (SST) comes into force on Sept 1, 2018 to replace the Goods and Services Tax (GST).
KUALA LUMPUR: Scientex Bhd's net profit in Q3 ended April 30 came in 8% lower at RM62.5mil from RM67.42 in the year-ago quarter on the back of 5.6% lower revenue of RM600.18mil.
KUALA LUMPUR: Malaysian Resources Corporation Bhd announced that its current executive director Mohd Imran Tan Sri Mohamad Salim will be re-designated as group managing director with effect from July 2.
SHANGHAI: China stocks fell on Wednesday, extending a rout from the previous day, as Washington and Beijing stepped up their heated exchange over tariffs that are fuelling worries of an all-out trade war.
JAKARTA: Indonesian shares slumped 2.5% on Wednesday, their sharpest intraday fall in nearly two months, after trade resumed following a long holiday for Eid Al-Fitr celebrations.
HONG KONG: China’s equity market is only one bad day from losing a title it’s held for almost four years.
KUALA LUMPUR: CIMB-Principal Asset Management Bhd was recently awarded an additional quota of one billion renminbi (US$150mil) under the Renminbi Qualified Foreign Institutional Investor (RQFII) licence to invest in Chinese equities.
SEOUL: South Korean cryptocurrency exchange Bithumb said 35 billion won (US$31.5mil) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital asset.
SAN FRANCISCO: General Electric Co’s expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.
KUALA LUMPUR: Taiwan, Malaysia and Singapore are among the top 10 markets most affected by US tariffs on Chinese goods via the supply chain as US President Donald Trump raised the rhetoric in the trade war against China, says Schroders.
KUALA LUMPUR: The local bourse made a rebound in Wednesday morning trade with the FBM KLCI rising as much as 23 points before retracing some gains by midday.