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Bank of China denies report on subprime loss

Bank of China Ltd, the country's largest foreign exchange lender, denied a report that it may have a 3.85 billion yuan (US$508mil) loss this year from investments in US subprime loans.

Temasek full-year profit falls Shin, lower gains dampen result

Temasek, which owns stakes in Barclays, Standard Chartered, and Chinese banks, said full-year profit fell 29%, hit by Thai telecoms firm Shin Corp and lower divestment gains.

World stocks hit another high

World stocks hit another all-time high yesterday as investors set aside worries about the credit market to focus on corporate earnings and a solid global economic backdrop.

ING Funds expects assets to hit RM2bil

ING Funds Bhd expects its assets under management (AUM), currently totalling more than RM1bil, to hit RM2bil this year, said chief executive officer Steve Ong.

Hwang-DBS fund to hit RM4b

Hwang-DBS Investment Management Bhd expects to launch four to six new products this year to boost its total funds under management, said chief investment officer David Ng.

RHB Unit Trust expects sales to hit RM1b

RHB Unit Trust Management Bhd is confident of exceeding RM1bil in unit trust sales, according to chief executive officer Michael Tan.

Hwang-DBS Investment expects to launch four to six new products

Hwang-DBS Investment Management Bhd expects to launch four to six new products this year to boost its total funds under management, said chief investment officer David Ng.

A rational rally so far

Between The Lines by C.S.Tan

Investing abroad

THREE thousand years ago, the Chinese used to think that the world revolved around their country, which was then known as the Middle Kingdom. Today, in the 21st century, some of us in Malaysia seem to remain as myopic, believing that our stock market is synonymous with the investment universe.

New CMS Trust fund targets 8% annual returns

CMS Trust Management Bhd hopes its newest fund, CMS Asia-Pacific Oriental Fund (CAPOF), would give investors steady growth of 8% per annum, said chief executive officer Kumaravelloo Pillai.