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NEW YORK: A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. fiscal cliff hit a wall, with both Republicans and the White House voicing frustration at the lack of progress.
Asian shares extended gains for a seventh day on Thursday, after the US Federal Reserve took new stimulus steps to bolster the economy, pressuring the yen with expectations the Japanese central bank will follow suit with more easing next week.
KUALA LUMPUR: Fresh from achieving a record-breaking sales of RM4.23bil for its financial year ended Oct 31, 2012, S P Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin is setting another ambitious target for 2013 – RM5.5bil in total sales.
KUALA LUMPUR: Stocks on the Bursa Malaysia will fall if Barisan Nasional loses more seats in the general election, say international market analysts.
Genting Bhd and banks lifted the FBM KLCI at midday on Friday, in line with the firmer key regional indices while the broader market was mixed.
Blue chips closed higher on Friday, after a volatile month of November which saw the FBM KLCI hitting an all-time closing high of 1,675.69 on the first day and then sliding most of the month to below the key 1,600 level.