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KUALA LUMPUR: Sustained buying of glove makers Hartalega and Top Glove propelled the FBM KLCI on Tuesday to the highest close since Jan 7 while most key Asian markets also ended higher following a recovery in China's economy.
KUALA LUMPUR: Bursa Malaysia's FBM KLCI closed off the day's low on Thursday on some buying of key index stocks but concerns about the political environment were not quick to go away.
NEW YORK: Crude oil prices rose to a five-month high on Tuesday as U.S. producers shut most offshore output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains
KUALA LUMPUR: Blue chips closed higher on Thursday, underpinned by gains in Telekom Malaysia and Tenaga Nasional, amid a mixed broader market.
NEW YORK: J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at US$1.75 billion to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said.
NEW YORK: U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.
KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but remained in the red, closing below the 1,500-mark.
SYDNEY: Westpac Banking Corp will pay a record A$1.3bil (US$920mil) fine to settle Australia’s biggest breach of anti-money laundering laws, capping a saga that shredded the bank’s reputation and cost former chief executive officer Brian Hartzer his job.