Latest
-
Nutrition
Big Pharma could affect Big Food with obesity drugs, says Big Finance
The increasing affordability and demand for these drugs could change the types of foods people buy.
-
Analyst Reports
Trading ideas: 7-Eleven, Eco World Development, Comintel, Visdynamics, KESM, Dayang and Ahmad Zaki Resources
KUALA LUMPUR: Companies that recently made headlines include 7-Eleven, Eco World Development, Comintel, Visdynamics, KESM, Dayang and Ahmad Zaki Resources, said Apex Research.
-
Commodities
Oil settles lower as Russia fuel export ban boosts
Oil prices settled lower after choppy trading on Thursday, rising as much as US$1 a barrel after a Russian ban on fuel exports snatched the focus from Western economic headwinds that had pushed prices down US$1 a barrel early in the session.
-
Markets
US stocks close at lowest since June, Treasury yields spike
Wall Street tanked in a broad sell-off on Thursday, as investor risk appetite was dashed by worries that the Federal Reserve's restrictive monetary policy will remain in place for longer than anticipated.
-
Insight
HK property billionaire with a big family dilemma
From CK Asset Holdings Ltd’s Li Ka-shing to Henderson Land Development Co’s Lee Shau-Kee, Hong Kong’s (HK) fabulously wealthy tycoons have for decades dominated the city’s property and retail sectors. Now, these families face a big existential crisis. Their founders are either really old or have passed away.
-
Corporate News
Genting’s tempo moving up to pre-pandemic levels
Genting Malaysia Bhd’s (GenM) operating capacity has largely returned to pre-pandemic levels as domestic and foreign tourist arrivals are on the path to full recovery, says CGS-CIMB Research.
-
Corporate News
Revamp a boon for private hospitals
Private healthcare providers are expected to be the clear winners of the potential introduction of a national healthcare insurance scheme and the beneficiaries of an overhaul of the local healthcare system, says Kenanga Research.
-
Business
Sunak dilutes green agenda
Prime Minister Rishi Sunak softened key parts of the UK government’s green agenda, including a ban on petrol car sales, as he set out what he called a “new approach” to tackling climate change.
-
Corporate News
Challenges ahead for Supermax despite restart of sales in the US
The resumption of sales to the US market is a positive development for Supermax Corp Bhd. However, the impact will likely be minimal due to the still challenging operating environment for the glove maker.
-
Economy
Fed leaves rates unchanged
The Federal Reserve (Fed) left its benchmark interest rate unchanged while signalling borrowing costs will likely stay higher for longer after one more hike this year.
-
Auto
Kia unveils its cheapest EV in S. Korea
Kia Corp’s latest electric vehicle (EV) is the tiny Ray, with seating for just one person in its smallest configuration, and it has a price in South Korea to match. Starting at about US$20,000, the Ray is Kia’s least expensive battery-powered light passenger vehicle.
-
Economy
China shipbuilding production surges, helps propel economy
China’s shipbuilding industry recorded sound development in the first eight months, with robust growth in output, new orders and holding orders.
-
Corporate News
TCM-flavoured coffee brew a hit among the young
Lu Jiming, a coffee shop owner in Nanning, capital of Guangxi Zhuang autonomous region, is quietly brewing a “business” combining traditional Chinese medicine (TCM) and coffee, driven by the younger generation’s new consumption frenzy that is heavily tilted toward healthy lifestyles.
-
Corporate News
FedEx shares pop on hefty profit beat, UPS customer wins
FedEx raised the lower end of its full-year profit forecast after a cost-cutting quarter when it poached customers from rivals UPS and Yellow.
-
Economy
Jakarta starts work on silica sector roadmap
Indonesia has begun work on a roadmap to develop the silica industry as a starting point for building a microchip industry in the country, but some Asean peers are much farther ahead in the race for semiconductor investment.
-
Economy
A need to address issues to unleash growth
Three years since the Covid-19 pandemic, Vietnam has made significant progress on economic recovery, building a strong foundation and momentum for future growth and development.
-
Corporate News
New Silkroutes ex-CEO, three others charged
The former chief executive of Singapore-listed New Silkroutes Group, Goh Jin Hian, and three other men were slapped with a total of 132 charges related to false trading offences in the State Courts on Wednesday.
-
Corporate News
Sberbank tries to seize Glencore assets over oil debt
Russia’s largest bank is attempting to seize some of Glencore Plc’s Russian assets as compensation for what it says is an unpaid oil trading debt.
-
Insight
Oil companies cautious about drilling as energy transition looms
Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void.
-
Markets
Bond traders see yields marching higher
Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve (Fed) signalled it’s likely to hold interest rates at lofty levels well into next year.
