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The takeover of Putrajaya Perdana Bhd by the consortium of Middle Eastern, Malaysian and Singaporean investors is a prelude to further acquisitions in corporate Malaysia.
American International Group, one of the biggest US mortgage lenders, warned on Thursday that mortgage defaults are spreading.
The KL Composite Index (KLCI) plunged 2.8% yesterday as a fresh round of selling compounded by the lack of buying interest dragged prices lower across the board.
Asian markets were struggling on Friday amid no major signs of recovery
Market watchers are divided on the impact of the liquidity crisis at leading British mortgage lender Northern Rock Plc on the regional and Malaysian markets.
Global stock markets rallied Wednesday in the wake of Wall Street's overnight surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
NEW YORK (AP) - Oil prices fell for a fourth straight day Wednesday after a government agency reported an unexpected increase in crude oil inventories and a decline in supplies of gasoline and distillates including heating oil.