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NEW YORK: A stronger dollar and a surprise interest rate hike in China that may slow that country's economy helped push stocks sharply lower Tuesday.
PETALING JAYA: The much-anticipated plan to privatise PLUS Expressways Bhd was announced yesterday, with Khazanah Nasional Bhd and the Employees Provident Fund (EPF) offering a cash offer for the assets and liabilities of the highway concessionaire for RM23bil, which works out to RM4.60 per share of the latter.
KUALA LUMPUR: Shareholders of Genting Malaysia Bhd voted yesterday in favour of resolutions to acquire the British casino operations collectively known as Genting UK from Genting Singapore plc despite initial misgivings over the related party transaction nature of the deal.
NEW YORK: The Dow Jones industrial average gained more than 100 points for the third straight day Monday after traders got some unexpected good news about the economy.hr noshade size=-1 width=50%>
NEW YORK: The financially troubled owners of two massive apartment complexes that sold for a record US$5.4 billion a few years ago said Monday they're turning them over to their creditors.
NEW YORK: It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops.