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Business

CIMB, Petronas Gas, Public Bank drag KLCI into the red (Update)

KUALA LUMPUR: Fund selling of CIMB, Petronas Gas and Public Bank dragged the FBM KLCI down to 1,840 – the lowest since Aug 8 – amid a weaker broader market but off the early lows after China’s manufacturing growth came in slightly above expectations.

Business

KLCI up marginally in lacklustre trade

KUALA LUMPUR: The FBM KLCI was up marginally at midday on Thursday, but the broader market was weaker dampened by lower quarterly earnings, softer export data and the sharply-below-expectations industrial production index.

Business

Demand for diamonds in China drives global sales

Diamond jewellers are looking to mine a fast-growing Chinese market

Business

Asian shares rise in early trade Friday on hot Alibaba IPO

TOKYO: Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce giant Alibaba Group, while sterling rebounded after a survey published showed support for Scotland to remain in the United Kingdom.

Business

Global shares end flat, closing out strong week

NEW YORK: Stock markets around the world closed flat on Friday as early gains failed to hold through the session, though the upward trend in equities continued and Alibaba soared in its historic U.S. trading debut.

Business

United Plantations gets the best out of people and palm fruit

What does it take to get the best out of people and palm fruit in a plantation? One company shows the way.

Business

Asian shares mostly up, reverse morning losses

HONG KONG: Asian markets mostly rose Friday ahead of a key US jobs report, while Hong Kong reversed morning losses as the financial hub's leaders prepare to meet pro-democracy protestors who have closed parts of the city for the past week.

Business

Asian markets mostly up after Fed minutes

HONG KONG: Asian markets mostly rose Thursday following an upswing on Wall Street, as minutes from the Federal Reserve's latest meeting indicated policymakers were nervous about hiking interest rates too soon.

Markets

Maybank pushes KLCI higher

KUALA LUMPUR: The FBM KLCI ended the morning session on Wednesday slightly higher, buoyed by Maybank as investors' confidence were dampened due to the political unrest in Hong Kong.

Business

KLCI extends losses, falls nearly 10 points

KUALA LUMPUR: The FBM KLCI extended its losses on Wednesday's close dragged by IHH and IOI Corp, in tandem with the weaker regional equities as investors were concerned over the global economy.