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Iraq conflict brings defence stocks in focus
NEW YORK: With the possibility of escalating violence in Iraq, stocks in the defence sector could garner more attention this week.
Gold steady near 3-week high on Iraqi tension
SINGAPORE: Gold held steady near a three-week high on Tuesday as escalating tensions in Iraq attracted some safe-haven bids, but investors were awaiting a Federal Reserve meeting this week before taking any big positions.
Chinese media rails against Google, Apple, US tech firms
BEIJING: Chinese state media lashed out at Google, Apple and other US technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the US government for monitoring China and stealing secrets.
Gold edges higher as US govt shutdown begins
Gold edged higher on Tuesday as the US government shut down some of its operations after Congress failed to agree on a spending bill, but gains were limited as investors believe the stand-off will likely soon be resolved.
KLCI extends losses on US govt shutdown
KUALA LUMPUR: The FBM KLCI caved in to selling pressure at midday on Tuesday on the lack of follow-though buying support from funds as investors worried about the impending announcement of the US government shutdown
Citi, US govt US$7bil settlement expected Monday
NEW YORK: Citigroup agreed to pay US$7bil to resolve a US government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
Wall St. rebounds from selloff after MAS plane crash; indexes up for the week
NEW YORK: U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week.
Buffett puts shareholders ahead of patriotism in Canadian deal
NEW YORK: Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the US. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.
US senator says billionaire Warren Buffett called him about tax inversions
WASHINGTON: U.S. Senator Orrin Hatch, the top Republican on the tax-writing Finance Committee, said billionaire investor Warren Buffett called him recently to find out what Congress might do about companies that move abroad for tax purposes.
Trading ideas: Freight Management, Tomei, Iris, Samudra, YTL Corp
KUALA LUMPUR: JF Apex Research expects Freight Management, Tomei, Iris and Kejuruteraan Samudra Timur to be among the stocks which could see trading interest on Friday.
