Illogical Powernet share rise
LONDON: Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels.
BRUSSELS: Finance ministers from Germany and France said Europe is ready to deal with any new banking crisis after an agreement to install a permanent lifeline to the eurozone’s crisis fund.
IT is a pleasant surprise when Bank Negara governor Datuk Nor Shamsiah Mohd Yunus walks in the room for this exclusive interview with StarBizWeek – her first since taking over the top job at the central bank.
THE number of properties entering the auction market as a result of default payments is expected to increase in the second half of this year, a valuer said in early May.
KUALA LUMPUR (Bernama) -- Malaysia Airlines Bhd (MAB) revenue for the first quarter ended March 31, 2019 (Q1 2019) improved 2% year-on-year (y-o-y) on the back of increased available seat kilometres.
KUALA LUMPUR: Shahul Hamid Mohd Ismail, the managing director and chief executive officer of Reach Energy Bhd, sold another big block of shares in the company in an off-market transaction.
KUALA LUMPUR: Boustead Plantations Bhd chief executive officer (CEO) Chow Kok Choy, a veteran planter, will retire on July 31 after 48 years with the group.
KUALA LUMPUR: Maxis Bhd’s thought leaders and experts will discuss technology disruption and enterprise solutions at the Malaysia Tech Week 2019 (MTW 2019), to be held from June 17-21.
KUALA LUMPUR: Some fund selling of Public Bank, Tenaga Nasional and IOI Corp pushed the FBM KLCI into the red on Friday in the absence of any strong positive leads.
BENGALURU: Gold jumped more than 1% on Friday, surpassing the key $1,350 level for the first time since April last year, as a spur of weak economic data from both China and the United States, and political concerns in the Middle East raised safe-haven demand.
HONG KONG: The Hong Kong stock market fell for the third straight session on Friday and pared of some its weekly gains, as China reported lacklustre industrial production data.
KUALA LUMPUR: The on-going United States-China trade war has spurred interest among Chinese companies to invest in Malaysia, says International Trade and Industry Deputy Minister Dr Ong Kian Ming.
HONG KONG: China stocks ended weaker on Friday, as investors kept a cautious stance ahead of data that was released after market hours, while U.S. tariff threats continued to weigh.
LONDON: The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing countries should boost growth going into 2020.
KUALA LUMPUR: Bank Negara Malaysia has issued an exposure draft which lays out its requirements and expectations on companies providing electronic trading platforms.
HONG KONG: Hong Kong’s short-term borrowing costs haven’t been this high for a decade, and the impact is starting to show on the city’s financial markets.
SINGAPORE: Oversea-Chinese Banking Corp.’s private bank is set to expand into Malaysia following its deal to acquire an investment firm in the Southeast Asian nation.
LONDON: A resolution to the trade tensions between the U.S. and China could add as much as $25 a share to Apple Inc.’s stock price and take it back to a $1 trillion market value, according to Wedbush Securities analyst Daniel Ives.
KUALA LUMPUR: Telekom Malaysia Berhad (TM) confirmed that the Malaysian Anti-Corruption Commission (MACC) visited its headquarters to seek certain information involving an on-going case.