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Business

China property executives betting curbs will ease

SHANGHAI: Executives of Chinese developers including Shimao Property Holdings Ltd and Glorious Property Holdings Ltd are buying the most stock in their companies since at least 2008, betting the government will ease curbs on the property market that had depressed the shares.

Business

KL stock market expected to be in bearish mode this week

THE prevailing bearish sentiment is expected to continue this week with a high probability of the FTSE Bursa Malaysia KLCI (FBM KLCI) pulling back to 1,430-1,420 support levels.

Business

Bumi Armada unit signs RM1bil financing facility for FPSO ops in Vietnam

KUALA LUMPUR: Bumi Armada Bhd, via its subsidiary Armada TGT Ltd, has signed loan agreements worth US$341.1mil (RM1.08bil) with seven banks to fund the conversion, installation and deployment of its floating production, storage and offloading (FPSO) vessel Armada TGT 1 in Vietnam.

Business

Asian shares, euro dip after Standard and Poors downgrade warning

SINGAPORE, Dec 6 (Reuters) Asian stocks and the euro dipped on Tuesday after ratings agency Standard amp; Poor's warned it might downgrade euro zone countries en masse, piling pressure on European leaders ahead of a summit later this week.

Business

Bumi Armada actively traded on plan for MSCI index

PETALING JAYA: Bumi Armada Bhd was the second most actively traded stock on Bursa Malaysia yesterday, hitting a near four-month high of RM4.22 although selling pressure pushed it back to RM4.04 in Wednesday#8217;s close.

Business

US markets stay on edge(update)

NEW YORK: US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

Business

Asian shares, euro fall on Europe deadlock

TOKYO, Nov 25 (Reuters) Asian shares and the euro both hovered near sevenweek lows on Friday as European officials failed to soothe investor fears that the euro zone's debt crisis could trigger a credit crunch if funding costs run out of control.

Business

Lower Q3 profit for Bumi Armada

KUALA LUMPUR: Offshore oil and gas service provider Bumi Armada Bhd recorded a 7.49% lower third-quarter net profit of RM92.57mil compared to a year ago on the back of 22.8% higher revenue of RM403.92mil, due to higher depreciation cost, interest charge and tax expense arising from its operations.

Business

Bursa eyes more quality firms

KUALA LUMPUR: Bursa Malaysia Bhd is looking to bring more quality companies onto the exchange as well as see a shift from speculative to fundamental investing.

Business

Bursa resumes uptrend on overnight gains on Wall Street(update)

PETALING JAYA:b/b>Buoyed by overnight gains on Wall Street, Bursa Malaysia once again resumed its uptrend after its 25-point correction on Tuesday.