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Global Forex Market

Global Forex Market

CMS shares fall following downgrade

HSL also hit initially after analysts downgrade stock, closes unchanged

CMS closed four sen lower yesterday to RM3.01, while HSL’s share price fell 2.78% during intra-day trade before closing unchanged at RM1.44.

Brick by Lego brick, teen builds his own prosthetic arm

SANT CUGAT, Spain (Reuters) - David Aguilar has built himself a robotic prosthetic arm using Lego pieces after being born without a right forearm due to a rare genetic condition.

Australian police charge man over hazardous parcels sent to diplomatic offices

SYDNEY (Reuters) - Australian police on Thursday charged a 49-year-old man for sending as many as 38 packages containing a hazardous material to diplomatic embassies and consulates across the country.

Lower prices seen for cement and aluminium

AmInvestment downgrades building materials sector to ‘underweight’.

Lower demand: Workers check on seamless steel pipes at a factory of a steel products manufacturer in Cangzhou, China. AmInvestment says production cut in China will be matched by a corresponding decline in consumption in the country.— Reuters

AmInvest Research downgrades construction sector to underweight

KUALA LUMPUR: AmInvest Research downgraded its construction sector recommendation to underweight from neutral as the current slowdown in the local industry sector is a secular change to the sector’s fundamentals.

Hap Seng posts 10% higher Q3 net profit of RM190.69m

KUALA LUMPUR: Hap Seng Consolidated Bhd's net profit in the third quarter ended Sept 30 was nearly 10% higher at RM190.69mil from the previous corresponding quarter due to an investment tax allowance on a biogas plant.

Morgan Stanley says dollar bull run has ended, time to sell

SINGAPORE: The dollar’s bull run has ended and it’s time to sell the currency, according to Morgan Stanley.

Housebuyers get good news from MOF

KUALA LUMPUR: Prices of new homes could fall between 5% and 10% across the board after Finance Minister Lim Guan Eng announced an exemption on the Sales and Service Tax (SST) on construction services and building material costs.

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