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Business

MSEB calls for stronger Islamic legal framework

MALAYSIA needs to have a stronger Islamic legal framework to better position itself as a leading Islamic financial centre, said MSEB head of exchanges Dr Zaha Rina Zahari.

Business

All eyes on first-quarter earnings of US firms

Wall Street will get its first real taste of first-quarter earnings this week in the hope that they will show corporate America remains on the road to recovery.

Business

Tokyo stocks close above 12,000 points

Tokyo stocks surged Tuesday to finish above 12,000 points for the first time in more than two years, fueled by the U.S. dollar's gains against the Japanese yen

Business

Philippine shares up 2.7% Monday

Philippine shares closed sharply higher Monday, inspired by Wall Street's rally Friday and expectations of strong first-quarter corporate results, traders said.

Business

More jobs drive up stocks

Stocks ended higher on Friday, driving the major market indexes to their biggest weekly percentage gains since October 2003, after a key report showed US employment grew at its fastest pace in almost four years last month.

Business

Shanghai bourse tops in Asia

The Shanghai share market was the best performer in the Asian region during the first quarter 2004, according to a survey by Deutsche Asset Management, which showed most share markets in the region posting gains during the three months to March.

Business

Tokyo stocks close mixed Monday, US$ down against yen

The Nikkei Stock Average of 225 issues closed down 52.41 points, or 0.45 percent, at 11,718.24 points Monday. On Friday, the index rose 239.74 points, or 2.08 percent, to 11,770.65 - a 21-month high.

Business

Vietnam to remove stock market's 30% foreign investor limit

Vietnam will lift a cap on the amount of stock foreigners can own in listed companies in an attempt to attract more investment from abroad, a government official said Monday.

Business

Philippine shares close mixed Monday

Philippine shares closed mixed Monday, with the absence of market-moving news and lingering political uncertainty guiding the main index southward despite bargain-hunting by investors.

Business

Stocks fall as investors cash in

US stocks ended slightly lower on Friday as investors locked in gains after a sharp rally in the previous session.