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WASHINGTON: U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.
NEW YORK: Stocks in major global markets closed out one of their worst weeks of the year on Friday, with an index of global equities hitting an eight-month low, and oil slumping to a four-year low as worries about slowing global economic growth darkened the investment outlook.
KUALA LUMPUR: Affin Hwang Capital Research has downgraded the brewery sector to Underweight from Neutral, with a Reduce call on both Guinness and Carlsberg, saying the ongoing subsidy rationalisation measures by the Government are continuing to dampen consumer sentiment.
PETALING JAYA: Port and logistics operator NCB Holdings Bhd’s share price which has tumbled over the past year to a near four-year low at RM2.55 last Friday may pique investors’ interest.
KUALA LUMPUR: Malaysian palm oil stocks could drop 14% by the end of 2014 from 2.09 million tonnes at the end of last month, a senior official of the Malaysian Palm Oil Board (MPOB) said, as export demand and domestic food and fuel needs pick up.
TOKYO: Asian stocks were tentatively higher on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.
SEATTLE: Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.