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Plantation-based Sime Darby and KL Kepong dragged the FBM KLCI into the red at midday on Thursday on worries about expected decline in crude palm oil (CPO) prices
CIMB Equities Research has raised the target price of UOA Development to RM2.18.
NEW YORK: Stock markets fell and the euro hit a two-year low on Tuesday as rising Spanish borrowing costs drove Madrid closer to a full-scale bailout, while Greece's membership in the euro zone was at risk as its finances appeared to be off its aid package terms.
FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to extend its record-setting run this week on positive external and internal sentiment, dealers said.
CHICAGO/NEW YORK: Long before Peregrine Financial Group's dramatic collapse last week, months before MF Global's meltdown triggered an industry-wide crisis of confidence, the world of the independently owned futures broker was not a happy one.
NEW YORK: Microsoft Corp reported its first quarterly loss as a public company as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
BRITISH American Tobacco (M) Bhd (BAT) posted revenue of RM1.07bil (representing a growth of 2.4% both year-on-year and quarter-on-quarter) and earnings of RM220.8mil (growth of 19.9% year-on-year and 13.5% quarter-on-quarter) for the second quarter ended June 30.