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Aramco soars in debut to hit market value of US$1.88 trillion
DUBAI: Saudi Aramco shares surged after its initial public offering, valuing the oil producer at a record $1.88 trillion and lifting Saudi Arabia’s stock market into the ranks of the world’s largest.
Aramco trading debut to make Saudi bourse world’s ninth-biggest
DUBAI: Saudi Aramco will instantly vault Saudi Arabia’s stock market into the ranks of the world’s largest when the oil producer’s shares begin trading Wednesday after its initial public offering.
RHB maintains 'buy' on Bermaz Auto, cuts TP to RM2.70
KUALA LUMPUR: RHB research has trimmed its FY20F-22F earnings forecasts for Bermaz Auto Bhd after factoring a more conservative sales assumption and lower associate contribution by Inokom Corp.
Wall Street slips as tariff deadline closes in
NEW YORK: Wall Street's main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world's two largest economies that has convulsed markets.
Ann Joo Resources
ANN Joo Resources Bhd made a fourth consecutive day of gains on Tuesday to cross above the 50-day simple moving average (SMA) in a sign of bullish sentiment.
Foreigners turn net sellers of Asian equities in November
BENGALURU: Foreigners turned net sellers of Asian equities in November amid mixed signals on whether the United States and China were getting closer to reaching a preliminary trade deal.
Magni-Tech quarterly net profit up 29% at RM30mil
PETALING JAYA: Magni-Tech Industries Bhd recorded a 28.7% increase in net profit for the second quarter ended Oct 31 at RM29.8mil, driven by the performance of its garment segment.
QIA sells Pavilion REIT units for RM125.8mil
PETALING JAYA: Qatar Investment Authority (QIA) sold 74 million units in Pavilion Real Estate Investment Trust (REIT) for RM125.8mil yesterday.
SoftBank may sell Alibaba stock to fund buyback
Tokyo: The slump in SoftBank Group Corp’s shares could prompt Masayoshi Son to play an ace card – cashing in part of his stake in Alibaba Group Holding Ltd.
Stocks, currencies flat amid US-China tariff jitters
HONG KONG: Stocks were little changed on Tuesday (Dec 10), less than a week before the United States is due to impose more tariffs on Chinese goods.