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NEW YORK: Machine Zone Inc, the developer of popular mobile game "Game of War: Fire Age," is in talks with JPMorgan Chase & Co to raise funding that could value the company at more than $3 billion, the Wall Street Journal reported, citing people familiar with the matter.
PETALING JAYA: Malaysia’s largest banking group, Malayan Banking Bhd (Maybank), has resigned itself to waiting on the sidelines after being locked out of the negotiations for RHB Capital Bhd and Malaysia Building Society Bhd (MBSB).
KUALA LUMPUR: Moody's Investors Service expects the proposed merger among CIMB Group, RHB Capital and Malaysia Building Society Bhd (MBSB) to be credit positive for RHB Cap and MBSB.
KUALA LUMPUR: BIMB Securities Research believes that the FBM KLCI may be overpriced at the moment.
WASHINGTON: The Federal Reserve on Tuesday voiced concern about stretched valuations in certain corners of the US markets, including small cap, biotechnology and social media stocks, as well as the leveraged loan market.
NEW YORK: US stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors.
NEW DELHI: Indian Prime Minister Narendra Modi's government will decide next month on the sale of a US$3 billion stake in state oil firm Oil and Natural Gas Corp , in a major test of whether he can follow through on reforms outlined in his first budget.
SHANGHAI: Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country's fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal reported on Tuesday.