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Heavyweights lead KLCI losses, ringgit climbs

KUALA LUMPUR: Bursa Malaysia pared earlier gains to close lower yesterday weighed down by losses in heavyweights led by IHH Healthcare and Petronas Chemicals, amid profit-taking in consumer stocks.


Former Yahoo CEO, Equifax CEO to testify at US Senate hearing

Former Yahoo Chief Executive Marissa Mayer and the current and former CEOs of Equifax Inc will testify before a US Senate panel on Nov 8 on two massive data breaches.


Boring choice - but good for Asian market

The likely new chairman of the US Federal Reserve - Jerome Powell – is seen as a “boring” choice by some market players in the United States.


Japan ‘serial killer’ said to be quiet child turned sex trade scout

TOKYO: Takahiro Shiraishi, the Japanese man who has reportedly confessed to murdering and hacking up nine young people in his Tokyo bathroom, was said to be a quiet schoolboy who would grow up to work on the fringes of the sex industry and become a suspected serial killer.

AseanPlus News

Japanese serial killer used Twitter to lure his victims

TOKYO: A Japanese man arrested after police found nine dismembered corpses rotting in his house has confessed to killing all his victims over a two-month spree after contacting them via Twitter, media reports said on Wednesday.

AseanPlus News

Singaporean man jailed after pimping out underage neighbour to friend

SINGAPORE: A 60-year-old man was sentenced to two years' jail on Wednesday (Nov 1) for pimping out his underage neighbour after she confided in him about her personal problems.

Corporate News

White House set to name Powell as Fed Chair on Thursday

WASHINGTON: President Donald Trump plans to nominate current Federal Reserve Governor Jerome Powell as the next chair of the U.S. central bank, a source familiar with the matter said.


Bank of England set to raise rates for first time in 10 years

LONDON: The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday, despite economic growth appearing weaker than before any other increase in borrowing costs in the past 20


KLCI moves higher in early trade; expected Fed hike lifts regional markets

KUALA LUMPUR: In early trade, the local benchmark index moved higher in tandem with other regional markets after shaving off nearly four points in the previous session.

Corporate News

Asian shares rise on Fed optimism, pushing back toward 10-year peak

TOKYO: Asian shares advanced on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike as investors awaited the formal nomination of the next head of the central bank