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KUALA LUMPUR: Starting its financial year with a solid first quarter, 7-Eleven Malaysia Holdings Bhd (SEM) is expected to ramp up its sales recovery to outpace its peers post-movement control order (MCO), says Maybank Investment Bank research.
WASHINGTON (Reuters) - The U.S. Justice Department accused North Korea's state-owned bank of evading U.S. sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
NEW YORK: A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocksand the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations.
CARACAS/LONDON (Reuters) - An English court on Thursday said it would need to decide which of Venezuela's dueling political factions to recognize before ruling on President Nicolas Maduro's request for the Bank of England to hand over gold the country has in its vaults.
PETALING JAYA: BIMB Holdings has registered a 3.3% year-on-year (y-o-y) increase in net profit to RM209.24mil for the first quarter ended March 31, as compared to the same quarter last year.
TOKYO: Keep calm and trust the Bank of Japan. That’s the mantra for traders in the nation’s bond market after the government boosted debt issuance by almost 40% to fund its stimulus spending.
PETALING JAYA: Moody’s Investors Service has said that Malaysia’s three largest banks by assets face growing pressure on profitability from the coronavirus-led downturn, with asset quality likely to deteriorate from 2021 as loan repayment moratoriums expire.
PETALING JAYA: Despite lower earnings, the outlook still looks bright for Sunway Bhd, premised on the group’s improving unbilled sales and robust outstanding order book.
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has downgraded its ratings on plantation companies.
PETALING JAYA: Real estate investor and developer Mulpha International Bhd has posted a net loss of RM10.65mil for the first quarter of the financial year ending Dec 31,2020, impacted by its hospitality division and lower share of associated profits.