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PETALING JAYA: The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) took a stab at the 1,700-point level for the first time this year, as an inflow of foreign funds, attracted by the stronger ringgit and a rebound in the price of crude oil, lifts blue chip stocks.
BEIJING: China and Japan made key progress on a program that will allow cross-listing of exchange-traded funds and make it easier for investors to buy shares in each other’s nations.
PUTRAJAYA: The deputy director-general of a division in the Prime Minister's Department who was remanded by the Malaysian Anti-Corruption Commission (MACC) to assist in investigations into misappropriation of funds for the 14th General Election has been released today (Sept 1).
KUALA LUMPUR: The escalating scandal around troubled state-investment-fund 1MDB is turning bond funds against Malaysia.
NEW YORK: When major turbulence hits currency markets, hedge funds ramp up trading, while other investors – who could have a steadying influence on prices – stay on the sidelines.
PETALING JAYA: Permodalan Nasional Bhd (PNB), which marked its 40th anniversary on Saturday, has emerged as the country’s largest fund manager with funds worth RM279 bil.
PETALING JAYA: Axiata Group Bhd will fund its RM816.75mil spectrum fees mainly through internally generated funds and existing sukuk programme.
HONG KONG: Sinovation Ventures, the venture capital firm founded by former Google Inc executive Kai-Fu Lee, has raised more than US$674mil for two new funds that will seek out investments in China and the US.