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NEW YORK/LONDON: A gauge of global equities posted its seventh consecutive month of gains and a record closing high on Tuesday, but stocks and the dollar mostly ended the day little changed after U.S. and Chinese economic data suggested slower growth ahead.
KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$111.06 billion (US$1=RM4.17) as at end-July 2021, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.
SLOW growth, in the wake of the Covid-19 pandemic, is a global phenomenon; what matters is how fast we can come out of it.
SYDNEY (Reuters) -British-based digital banking app Revolut is seeking a banking licence in Australia and is engaged in talks with the country's regulator to be allowed to take customer deposits, country head Matt Baxby said on Friday.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a net profit of RM218.6mil in the second quarter ended June 30 (2Q21) against RM274.74mil posted in the same period last year.
SINGAPORE: South-East Asia’s bond and currency traders can afford to be less worried about a potential stimulus tapering by the Federal Reserve (Fed), with their markets better positioned to withstand external shocks this time around.
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia will receive about US$240mil out of the International Monetary Fund’s (IMF) largest-ever distribution of Special Drawing Rights (SDR), equivalent to some $650bil, which came into effect on Aug 23.
KUALA LUMPUR: IJM Corp Bhd’s net profit for its first quarter ended June 30, 2021 surged to RM65.68mil from RM2.05mil in the previous corresponding period, while revenue in the first quarter grew to RM1.31bil from RM879.80mil a year earlier.
KUALA LUMPUR: Petronas Gas Bhd posted lower net profit of RM439.07mil in the second quarter ended June 30, 2021, a decline of 19.7% compared with RM547.09mil a year ago weighed down by lower gross profit, coupled with unfavourable movement on foreign exchange.