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Business

Markets mauled by crisis in October

The value of stocks listed on Bursa Malaysia fell RM120bil in October, with the KL Composite Index (KLCI) down 15% for the month. It was the benchmark's worst monthly performance since August 1998.

Letters

Developing world in trouble too

The global financial crisis has started in the West, but developing countries are now being hit hard as their stock

Business

Asian and European bourses surge

Share markets in Asia and Europe surged yesterday as investors picked up battered stocks following last week's historic rout. They hope the worldwide credit crisis would ease as governments stepped up efforts to shore up the troubled financial markets.

Business

HLB unveils new product

Hong Leong Bank Bhd's (HLB) Himalaya Opportunity floating rate negotiable instrument of deposit (FRNID) will offer potentially higher returns than a fixed deposit.

Business

Asian markets slide, KLCI down 4.6 pts

Asian markets fell in the morning session Tuesday, with Hong Kong's the worst hit, on worries about the impact of the credit market losses while the local stock market was also not spared.

Business

Two more firms shelve Asian IPO plans

Two more firms shelved plans for initial public offerings (IPOs) in Asia, adding further gloom to a market which recently showed signs of a revival after a dismal start to the year.

Business

Oil rises to US$145 as investors shun equities

Crude oil rose to a record above US$145 a barrel in New York as investors sought an alternative to tumbling stock markets.

Business

Bursa-listed stocks finish May on high note

Malaysian stocks ended May on a high note as the first-quarter earnings season drew to a close. Most companies did reasonably well during the January-March period and plantation firms again led the overall charge with another bumper quarter as they continued to profit from surging crude palm oil (CPO) price.

Business

Asian markets down on high commodity costs

Major Asian markets tumbled Monday, recording losses of up to 3.13%, stoked by fears of more writedowns by major banks in Europe and soaring raw materials prices eroding margins of manufacturers.

Business

ING sees up to 10% returns from new fund

ING Funds Bhd expects its latest product, the ING Annual Alpha Access Capital Protected fund, to provide annual returns of 7% to 10%.