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NEW YORK: GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.
NEW YORK: Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the US$1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.
TOKYO: When Japan’s Honda Motor Co Ltd stopped using Sumitomo Mitsui Trust Bank Ltd as its stock transfer agent last year, the lender slapped it with a roughly US$4mil termination fee, according to two people familiar with the matter.
NEW YORK: China National Offshore Oil Corp (CNOOC) has said it regrets the decision made by the New York Stock Exchange (NYSE) to delist its American depositary shares (ADS).
THE extension of time to issue financial statements by companies is helpful but for those affected financially, more is required
KUALA LUMPUR: Foreign investors disposed of RM477.5mil net of local equities during the final week of February 2021 compared to the RM466.4mil disposed of in the preceding week.
KUALA LUMPUR: Following the strong contribution from its Singapore operations that led to IHH Healthcare Bhd’s financial year (FY) 2020 earnings beating expectations, RHB Investment Bank Research has revised up earnings estimates of the company and upgraded the stock to a “buy”
WARREN Billionaire Buffett (pic) made no splashy deals in 2020, and he didn’t weigh in on some of the year’s most contentious topics in his much-anticipated annual letter. Behind the scenes, the 90-year old billionaire was hardly inactive.
PETALING JAYA: The exodus of investors from glove stocks showed no signs of stopping even as valuations turned more attractive such as in the case of Top Glove Corp Bhd, (pic) where its price-to-earnings ratio (PER) dropped to a single digit.