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Business

Plantations, banks drag KLCI

KUALA LUMPUR: Losses in plantation and bank stocks weighed the FBM KLCI at midday on Thursday in tandem with the weaker regional markets, as investors were concerned on the US Fed’s stimulus tapering speculation.

Business

Genting drives KLCI lower

KUALA LUMPUR: The FBM KLCI gave up most of its gains on Wednesday’s close weighed by Genting, PetChem and KL Kepong as investors took profit after most key heavyweights rose on Tuesday.

Business

China central bank suggests faster tempo for freeing yuan

With a shift in tone and language, China's central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan's exchange rate as he underlines broader plans for sweeping economic change.

Business

KLCI down nearly 6 points, Genting, CIMB weigh

KUALA LUMPUR: The FBM KLCI gave up half its gains at midday on Wednesday weighed by Genting and banks stocks, but managed to stay above the 1,800 level after rallying 12 points on Tuesday.

Business

JPMorgan withdraws from US$2bil China Everbright Bank HK listing

HONG KONG: JPMorgan Chase & Co has withdrawn from a syndicate of banks working on a US$2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters.

Business

KLCI bucks regional markets, closes at 2-week high (Update)

KUALA LUMPUR: Malaysia’s stocks market bucked most of the key regional markets to close at a two-week high of 1,807.16 on Tuesday, supported by strong fund buying of plantations especially KL Kepong and FGV.

Business

KLCI rallies nearly 18 pts at midday (Update)

KUALA LUMPUR: Fund buying of plantation stocks underpinned the FBM KLCI’s rally at midday on Tuesday.

Business

Foreign investment in China up 5.77% in first 10 months

Foreign investment into China rose 5.77% on year in the first 10 months of 2013, the government said Tuesday.

Business

China reform plans lift world shares to 6-year high

LONDON: World shares hit a near six-year high on Monday, boosted by signs of ambitious economic reform in China and the prospect of extended stimulus in the United States.

Business

HK urged to retain yuan hub status

HONG KONG: A government body called on Hong Kong’s authorities and regulators to take far-reaching reforms to maintain the city’s edge as a premier offshore yuan hub and a global financial centre.