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PETALING JAYA: There is a strong case for a more bullish Malaysian stock market this year but this comes with caveats.
SHANGHAI: Home builder China Evergrande Group is targeting a 21% increase in its contracted sales this year, according to an internal document citing remarks by billionaire chairman Hui Ka Yan, who aims to build an empire with 3 trillion yuan (US$436bil) in assets in four years.
SINGAPORE: Oversea-Chinese Banking Corp, Singapore’s second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18% drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges.
WASHINGTON: A yearly checkup on leading Wall Street banks helps regulators protect the U.S. financial system and the reviews should be preserved, the Federal Reserve chair said on Tuesday.
NEW YORK: Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
SINGAPORE: Southeast Asian shares fell on Tuesday, as investors turned cautious ahead of U.S. Federal Reserve Chair Janet Yellen's congressional testimony that could give clues on the pace of interest rate hikes.
KUALA LUMPUR: The Malaysian commercial banking sector continues to be robust with ample liquidity, says the Association of Banks in Malaysia (ABM).
Top foreign and local stories at 4pm
SINGAPORE: Oversea-Chinese Banking Corp, Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18% drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges.
KUALA LUMPUR: Malaysia sold RM4bil of 2024 Islamic bonds on Tuesday with a yield of 4.045%.