Markets

Foreign funds continue to sell down Bursa Malaysia equities

KUALA LUMPUR: The net selling on Bursa Malaysia continued into its seventh straight week with net foreign outflows of RM506.5mil.

Internet

Woman angry at man sought a hitman over the dark web to shoot him at work, US feds say

A woman went on the dark web looking to hire a hitman “for a simple quick job”, US federal prosecutors said.

Analyst Reports

Trading stocks: Bumi Armada, Yinson, Citaglobal, Crest Builder, SMTrack and Rex Industry

KUALA LUMPUR: Stocks that could be in focus on Tuesday include Bumi Armada, Yinson, Citaglobal, Crest Builder, SMTrack and Rex Industry, said Apex Research.

Technology

TSMC expects H2 performance to be better than H1

TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Tuesday it expects its performance to be better in the second half of the year than the first.

Nation

20sen charge not deterring public from using plastic bags

KUALA LUMPUR: It is quite apparent that the move to charge shoppers 20sen for each plastic bag has not done much to educate the public on the nation’s efforts to eliminate single-use plastics.

Banking

UOB Malaysia relocates KL Main branch to HQ

KUALA LUMPUR: UOB Malaysia has officially launched its Kuala Lumpur Main branch at its new headquarters, UOB Plaza 1 KL.

Corporate News

CBI shunned by big business ahead of crucial vote

NEW YORK: Big businesses are shunning a crucial meeting to decide the future of the Confederation of British Industry (CBI), the lobby group facing potential collapse amid a sexual assault scandal.

Economy

India’s services growth defies inflation pressure

BENGALURU: Growth in India’s dominant services sector activity slowed slightly last month but held at a firm pace as demand remained strong despite high inflationary pressures, a business survey shows.

Eating Out

Authentic Italian meals at this new Putrajaya haunt

A passionate chef is determined to make Italian food the traditional way at this brand new eatery.

Aviation

Malaysia seeks more narrowbody jets, sees order delay

PETALING JAYA: Malaysia Airlines Bhd is seeking to add at least 25 single-aisle aircraft and will look to discuss options with both Airbus SE and Boeing Co, chief executive officer (CEO) Izham Ismail says.

Retail

Zimbabwe bans imports of J&J baby powder on health concerns

HARARE: Zimbabwe has banned the import of Johnson & Johnson (J&J) baby powder with immediate effect, saying the talc used in the product is highly toxic.

Commodities

Saudi Arabia’s solo play shows oil market mess

SAUDI Arabia’s decision to deepen its crude oil production cuts, without matching contributions from its allies, underscores how the market is being skewed by a series of contradictory influences.

Commodities

Brent may rise toward US$100 per barrel

SINGAPORE: A global shortfall in crude oil supply is set to deepen in the third quarter, as the world’s top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards US$100 (RM457) a barrel by the end of the year, analysts say.

Focus

Rebirth of the Yugoslav identity

EVERY year, a small group of elderly people in well-worn World War II uniforms bedecked with communist paraphernalia queue in Belgrade to pay their respects to their former leader, Josip Broz Tito.

Corporate News

PwC identifies partners in Australia tax breach

SYDNEY: PricewaterhouseCoopers (PwC) has identified a list of 76 current or former partners associated with its tax leaks scandal, handing over their names to Australian lawmakers.

Markets

Private credit poised for multi-trillion-dollar boom

NEW YORK: First came the debt specialists and the private equity firms. Then hedge funds and wealth managers saw an opening. Now everyone from sovereign wealth funds to venture capitalists is spouting Wall Street’s favourite buzzword: private credit.

Economy

Experts see need to reduce China loan interest rates

BEIJING: The need for China to tamp down interest rate levels may have become more urgent as the country’s economic rally is grappling with a sluggish recovery in demand and the pressure of debt costs on corporate earnings, political advisers and experts say.

Auto

China auto market draws international interest

SHANGHAI: International automobile manufacturers and suppliers are expanding investment in China, demonstrating their strong confidence in the world’s largest vehicle market.

Markets

Top-heavy and ultra-narrow, Wall Street needs to bulk out

FOR equity investors, bigger is not always better, especially when the entire market’s returns rely so much on so few mega stocks.

Business

Ukraine may lose grain yield

KYIV: Most of Ukraine’s winter grain crops are in good condition but grain yields could fall by 20% if current dry and hot weather persists, APK-Inform consultancy quoted agricultural scientists as saying.