KLCI closes at highest since Jan 7 as Hartalega, Top Glove rally

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.

Bursa closes off day's low, Public Bank, Maybank weigh

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.

Insight - Lord & Taylor was beyond saving even before Covid-19

Boustead puts up KL property for sale

Its unit Affin Bank is moving out to new HQ at TRX

Oil hits 5-month highs as US producers cut output ahead of hurricane

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

KLCI closes above 1,550 as Telekom, Tenaga shine

KUALA LUMPUR: Blue chips closed higher on Thursday, underpinned by gains in Telekom Malaysia and Tenaga Nasional, amid a mixed broader market.

J.C. Penney reaches tentative rescue deal, averting liquidation

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.

Wall Street closes broadly higher on deal news, vaccine hopes

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.

KLCI closes below 1,500-level; broad selling across Bursa Malaysia

KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but remained in the red, closing below the 1,500-mark.

Westpac pays record US$920mil to settle laundering suit

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.