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NEW YORK: U.S. stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of the carnage as rising U.S. Treasury yields sent investors fleeing from risky assets.
KUALA LUMPUR: Malaysian capital markets are finally shaking off the lull that followed Prime Minister Tun Dr Mahathir Mohamad’s surprise election win five months ago, according to the nation’s biggest bond underwriter.
KUALA LUMPUR: Anxiety over new taxes to shore up the country's finances sent the FBM KLCI skidding nearly 40 points on Wednesday with the big capitalised stocks among the most affected.
KUALA LUMPUR: Foreign fund selling hammered blue chips as worries about higher taxes – such a capital gains tax – cast a pall of gloom over the stock market on Wednesday, with the losses outpacing the regional markets.
SAN FRANCISCO: SoftBank Group Corp. is in talks to take a majority stake in WeWork Cos. as the co-working startup raises additional capital to accelerate its expansion, according to a person familiar with the matter.
KUALA LUMPUR: Fund buying of Petronas-linked stocks and Sime Darby underpinned the FBM KLCI’s early advance on Wednesday.
KUALA LUMPUR: The education sector has been highly neglected and is the sector most in need of structural reforms, says Bank Negara.
GOBIND Singh Deo seems to have set some tough targets for himself and the telecoms industry players.
KUALA LUMPUR: Insurance companies may face new business strain with Bank Negara Malaysia's implementation of the minimum allocation rate (MAR) in Jan 2019, if commission rates paid to agents remain unchanged.