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KUALA LUMPUR: Local equities tracked global markets higher as the US Federal Reserve maintained its interest rate and signaled that it may keep borrowing costs unchanged through 2020.
KUALA LUMPUR: The local market continued to slip on Wednesday as a deadline for a potential trade deal between the US and China loomed, and the odds of another deadline extension seemed increasingly likely.
KUALA LUMPUR: Bursa Malaysia ended Tuesday's trading on a lacklustre note while key Asian markets closed in the red ahead of the looming threat by the US of fresh tariffs on Chinese goods this weekend.
KUALA LUMPUR: Malaysia is considering selling stakes in energy giant Petronas to provinces where the company's oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government.
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) has raised some RM6bil after cutting its stakes in MISC Bhd, Petronas Dagangan Bhd (PetDag) and Petronas Gas Bhd (PetGas).
KUALA LUMPUR: Petroliam Nasional Bhd. has raised about 6 billion ringgit ($1.4 billion) by cutting its stakes in three listed units, people with knowledge of the matter said.
KUALA LUMPUR: Petroliam Nasional Bhd has disposed of some stakes in three of its related companies to Malaysia institutional funds.
PETALING JAYA: Liquified natural gas (LNG) carrier MISC Bhd has secured three long-term charter contracts amounting to US$245mil (RM1.02bil).
KUALA LUMPUR: The rally in crude palm oil (CPO) prices underpinned the plantations advance and helped lift the FBM KLCI while the broader market perked up in line with the key Asian markets on hopes of a US-China trade deal.
KUALA LUMPUR: The FBM KLCI sustained its rebound for a second day as tensions eased over the possibility of US-China trade talks getting derailed.