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Harrowing week for equities, KLCI closes down nearly 20pts on Friday

KUALA LUMPUR: Global equities markets had a harrowing week from the fallout on Wall Street and Bursa Malaysia also saw investor sentiment battered while the ringgit lost ground.


Credit Suisse sees equities rising further next year

ZURICH: Credit Suisse Group AG says it’s not too late to join the stock-market rally as an accelerating global economy drives gains into 2018.


AmInvest bullish on Asian equities, REITs

AmInvest fund managers are most bullish on Asian equities and real estate investment trusts (REITs) and still see opportunities for growth in the two asset classes for this year.

Corporate News

Mizuho in JV with Maybank Kim Eng on equities

TOKYO: Mizuho Financial Group Inc. will form an alliance with Malayan Banking Bhd. on stock research and trading in Southeast Asia, people with knowledge of the matter said, as the Japanese lender complements an equities hiring push with partnerships.


Nikkei slumps to 5-week low as Brexit woes hit global equities

TOKYO: Japanese stocks stumbled to a five-week low on Monday as Brexit woes sapped risk appetite and hit equities globally.


US equities are attractive, says UBS wealth arm

TOKYO: US equities are an attractive investment as economic momentum is picking up and some bearish factors such as a strong dollar and low oil prices are diminishing, a top fund manager of UBS’s US$2 trillion wealth arm, told Reuters.

Corporate News

Affin Hwang, Credit Suisse named Best Equities Partipating Organisations

KUALA LUMPUR: Affin Hwang Investment Bank Bhd emerged as the champion in the 2015 Best Equities Participating Organisation (Investment Bank) category at the third annual Broker Awards organised by Bursa Malaysia.


Ringgit strengthens but equities market lacklustre

KUALA LUMPUR: The ringgit firmed up against several major currencies at midday on Thursday while the country’s industrial output expanded at a stronger pace but the equities market was lacklustre, tracking the key Asian markets.

Corporate News

CIMB cuts jobs in Hong Kong equities, investment bank unit

KUALA LUMPUR/SINGAPORE: Malaysia's second-largest bank CIMB Group Holdings said it had cut dozens of jobs in its Hong Kong investment banking and equities business as it struggles to manage costs amid deteriorating market conditions.


Gold dips on stronger equities, US growth hopes

Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal.