PETALING JAYA: Superlon Holdings Bhd saw a spike in its share price by 7.5% despite a fall in the company’s profit.
WCT announced that it has been awarded a RM1.77bil contract to build nine blocks of office towers, and three blocks of serviced apartments along with podium block at the Pavilion Damansara Heights project.
SINGAPORE: The fees that hedge funds charge are unlikely to get any cheaper as portfolio running costs rise, according to a PwC and Alternative Investment Management Association study.
Company says emerging market rout overdone
STOCKHOLM: Expectations for Norway to increase interest rates couldn’t be any higher, but don’t expect the krone to benefit that much.
BEIJING: China won’t devalue its currency in order to make its exports more competitive amid the trade war with the US, Premier Li Keqiang (pic) said, hours after his country retaliated against the latest increase in tariffs by the Trump administration.
Stephen Diggle does not see wild fluctuations happening anytime soon
TOKYO: The Bank of Japan (BoJ) left its monetary stimulus program unchanged as it settled in to gauge the impact of its first policy adjustments in nearly two years in July.
SYDNEY: Financial markets are underestimating the extent to which the US Federal Reserve will keep lifting interest rates, according to Newton Investment Management.
JOHANNESBURG: Discarded by its globe-trotting parent Naspers Ltd after more than three decades, African pay-TV heavyweight MultiChoice Group Ltd is facing an uncertain future.
SINGAPORE: Tesla Inc could raise funds this year as Elon Musk’s company ramps up production and prepares for maturing debt, according to analysts at Morgan Stanley.
DUBAI: The chief executive officer of the Qatar Investment Authority (QIA) is leaving after almost four years at the helm of one of the world’s largest sovereign funds, according to people with knowledge of the matter.
LAGOS: Central banks around Africa – poised to reveal their first response to the emerging-market turmoil of the past month – are likely to usher in an end to the continent’s easing cycle.
KUALA LUMPUR: Berjaya Sports Toto Bhd (BToto) posted higher earnings in the first quarter ended July 31, on lower prize payouts and increased contribution from its car dealership business in the UK.
KUALA LUMPUR: The Securities Commission Malaysia (SC) has announced the liberalisation of its regulatory framework to facilitate greater retail access to the RM1.3 trillion Malaysian bond and sukuk market.
KUALA LUMPUR: Asian stocks had another good session on Wednesday as investors pinned their hopes that Chinese stimulus measures would help to cushion the impact of the tariffs conflict.
HANGZHOU: The prolonged trade tension between the United States (US) and China will not take place in the future if the way trade is conducted becomes technology-based.
NANJING: The Ministry of International Trade and Industry (MITI) is focused on the fourth industrial revolution (Industry 4.0) and helping small and medium sized enterprises (SMEs) reduce their dependence on foreign labour, said Deputy Minister Dr Ong Kian Ming.
KUALA LUMPUR: Moody's Investors Service has maintained its stable outlook for Malaysia's banking system this year in view of the continuous robust operating conditions in the country.
GEORGE TOWN: Although the value of the Malaysian ringgit is depreciating, Malaysians still continuing to travel to both local and foreign destinations, according to the Malaysian Association of Tour and Travel Agents (MATTA).