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Apex clears hurdle for merger with Mercury

KAJANG: The battle in Apex Equity Holdings Bhd has taken a major turn with shareholders voting in favour of the merger with Mercury Securities Sdn Bhd in a slim majority of 54.8%.


Huawei is back on Microsoft’s US website product listing

Huawei laptops are back on the US Microsoft website after it was removed earlier.


Apex gets green light from shareholders for Mercury merger

KAJANG: Apex Equity Holdings Bhd has obtained a simple majority from its shareholders for the proposed merger with Mercury Securities Sdn Bhd and the proposed private placement of 20 million new ordinary shares.


As AI and fintech come knocking, half of Asia-Pacific finance professionals fear for their jobs

Performance analysts, traders, accountants and sales agents to lose out over next decade, according to CFA Institute survey. But CFA members also expect number of finance professionals to grow 16% over same period.


Naspers’ biggest investor considers cutting stake

JOHANNESBURG: Naspers Ltd’s biggest shareholder is considering whether to reduce its 245 billion rand (US$16.5bil) stake in Africa’s biggest company because of concern it’s overexposed to a single stock, according to four people with knowledge of the matter.


Qatar Air closing in on new airline stake, bullish CEO Akbar says

PARIS: Qatar Airways will announce a stake in a sixth overseas carrier in coming months, chief executive officer Akbar Al Baker said, as the Persian Gulf operator turns to outside investments to boost revenue and cash amid a Saudi-led embargo restricting its own flights.

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Breach of 50-day moving average suggests further recovery


Defying Trump, U.S. senator moves towards vote to block Saudi arms sales

WASHINGTON (Reuters) - U.S. Senator Bob Menendez began the formal process on Tuesday of blocking a White House plan for $8 billion in military sales to Saudi Arabia and the United Arab Emirates without the consent of Congress, setting up Senate votes on the matter as soon as this week.


HL Bank, Tenaga provide late push to KLCI

KUALA LUMPUR: Blue chips closed sharply higher in late trade on Tuesday as local funds picked up Hong Leong Bank, Tenaga Nasional and Axiata, in line with most of the key Asian markets except Japan's Nikkei 225.


US companies fight against Trump’s tariffs

COLUMBUS: New Balance Athletics Inc has long advocated and benefited from tariffs, competing with Nike Inc and other footwear companies while still making shoes in the US. Now, it’s among the critics of President Donald Trump’s duties testifying at a public hearing starting yesterday.