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Cagamas issues RM2.3bil worth of US dollar and ringgit bonds
KUALA LUMPUR: Cagamas Bhd, the national mortgage corporation, has surpassed half of its target issuance for the year following a RM2.3bil equivalent dual currency issuance over three days earlier this month.
PetChem to grow production capacity by 49% by 2020
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects to grow its production capacity by 49% or an increase of 5.3 million tonnes by year 2020 from 10.8 million tonnes currently.
China banks miss out on US investment banking bonanza
NEW YORK: As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.
Moody’s: Less volatile ringgit
KUALA LUMPUR: A recovery in exports and higher commodity prices will help in stabilising the ringgit and bring confidence back to the Malaysian economy.
Ringgit higher against US$ early Wednesday
KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar wednesday morning as investors'' appetite shifted to emerging currencies ahead of the US tax reform announcement, due later Wednesday
Asian stocks extend gains early Wednesday on bullish Wall Street
HONG KONG: Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks while the euro consolidated recent gains as immediate concerns of political uncertainty in the euro zone receded
Unisem Q1 results ahead of expectations
KUALA LUMPUR: Unisem (M) Bhd’s latest financial results have come in slightly ahead of CIMB Research’s expectations.
China's Twitter goes deeper into Internet finance
BEIJING: Sina Corp, the company behind what’s commonly known as China’s Twitter, is preparing to compete with the country’s web giants in online lending as the mobile market starts to slow.
