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NEW YORK: Oil prices faltered and global equity markets slipped on Friday, halting a week-long record-setting rally fueled on hopes a U.S.-China trade deal was near, as the latest statements out of Washington cast fresh doubts about progress between Beijing and Washington.
REVIEW: Expectations of an early-stage trade deal between the US and China coming to the table reached fever pitch, extending the bullish outlook on the domestic market this week.
Everything is awesome in financial markets. The sense that a trade deal may finally be on the cards sent stocks and crude soaring in the US on Thursday, while flight-to-safety trades such as bonds and gold slumped.
TEK SENG Holdings Bhd (code: 7200) advanced for a second straight day on Friday after ending a correction phase with a convincing rebound.
ON the cusp of the biggest transformation in its 70-year history, Tenaga Nasional Bhd (TNB) is powering ahead towards inevitable changes on the horizon.
The Malaysian banking sector is the pillar of the economy as it is the engine of growth when it comes to providing financial and lending facilities to both businesses and consumers. As a percentage of GDP, it contributes about 5% to the nation’s economic pie.
Gamble on warrantsTHE takeover offer for Karambunai Corp Bhd (KCB) has received positive response. The major shareholder, Tan Sri Dr Chen Lip Keong, received more than 92% acceptance, triggering the compulsory acquisition of the remaining shares.
WHEN he took on the job of steering TNB into its next phase, Datuk Seri Amir Hamzah Azizan already knew it would be an uphill task.
ZURICH (Reuters) - The world's richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015.
HONG KONG: Alibaba Group Holding Ltd. plans a listing hearing early next week and is seeking to raise as much as $15 billion in a Hong Kong share sale, people familiar with the matter say, moving ahead with the city’s largest first-time stock offering since 2010.