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US stocks flat for day, up for week
Stocks ended flat on Friday as many traders took the day off, and those who were at work sifted through the first few quarterly earnings scorecards for fresh clues to corporate America's health while looking ahead to next week's full flood of company reports.
The retail investors are back
THE powerful gains on the KLSE in recent days, coupled with a surge in oil, gas and water stocks, have lured back packs of retailers to the trading floor. DANNY YAP and HONG BOON HOW yesterday visited some brokerages and found many happy punters there.
Autoindustries Ventures soar on takeover speculation
SHARES of KLSE second board company Autoindustries Ventures Bhd (Autoven) soared yesterday to their highest level since May 2000 amid speculation that the auto parts maker could be a takeover target of Jawala Corp Sdn Bhd, a private company controlled by low-profile Sabah palm oil trader Tan Sri Majid Khan.
VVB expects RM13m profit
ROOFING tile manufacturer, trader and supplier VTI Vintage Bhd (VVB) has forecast a pre-tax profit of RM13.39mil for the financial year ending Dec 31.
Gold riding at over 7-year high
Gold jumped to its highest level in over seven years yesterday as the surprise decision by the Organisation of Petroleum Exporting Countries (Opec) to cut oil output combined with a weak US dollar to burnish the metal's allure as a safe-haven asset.
Asian buyers hope to avoid brunt of Apec cut
A shock output cut by the Organisation of Petroleum Exporting Countries (Opec), which dominates world oil trade, has left Asian refiners fearing higher prices but some said the region could avoid the full brunt of the reduction in supplies.
Tin hits 27-month high on the KLTM
TIN hit a 27-month high of US$4,880 per tonne on the Kuala Lumpur Tin Market (KLTM) yesterday, reflecting continued strong demand in line with the expected increase in consumption by the electronics and chemical sectors globally.
Ex-Merrill executives face fraud charges in Enron case
B>HOUSTON: /B>Three former Merrill Lynch executives have been charged with conspiracy for allegedly helping energy trader Enron Corp inflate earnings with a loan disguised as a sale of Nigerian barges.
Enterprising and reformative budget, says SMI association
THE SMI Association of Malaysia has described Budget 2004 as an #147;enterprising reformative budget.#148;
