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Markets

Tenaga powers turnaround in early trade

KUALA LUMPUR: Fund buying of Tenaga Nasional, MISC and Sime Darby powered the FBM KLCI more than 13 points in early Monday trade after a hesitant start.

TECH

Twitter poaches Google executive Kordestani for chairman post

Twitter Inc lured Google Inc executive Omid Kordestani to become the social media company's executive chairman, the latest step in the company's turnaround efforts under Jack Dorsey, who last week was named permanent chief executive officer.

Business

Ringgit leads rally

KUALA LUMPUR: The ringgit led the rally of Asian currrencies improving against the US dollar as it gained 1.86% yesterday. Asian currencies strengthen against US dollar on possible delay in Fed rate hike

Business

Citigroup beats estimates as cost cuts outpace revenue

NEW YORK: Citigroup Inc, the US bank that gets more than half its revenue from abroad, boosted profit more than analysts estimated after a drop in legal costs helped it cut expenses faster than revenue fell. The shares climbed in early trading.

Business

Platform for first-time investors to get ‘feel of the market’

FOR cautious investors looking to remain on the sidelines and away from the stock market, Kenanga Investment Bank Bhd’s (KIB) KenTrade Trading Challenge 2 is a good alternative for those still looking to “make some money.”

Business

Goldman: Fed rate hike will hurt bullion

SINGAPORE: The Federal Reserve will probably raise interest rates in December and follow that with a further 100 basis points of increases over 2016, according to Goldman Sachs Group Inc, which said the shift in US monetary policy will hurt gold.

Business

All eyes on Fed meeting

REVIEW: Despite the firmer US markets, stocks on Bursa Malaysia kicked off the week on a soft note, with the FBM Kuala Lumpur Composite Index (FBM KLCI) losing a significant 4.74 points, or 0.28% to 1,712.08, as foreign funds opted to book profits following the recent rally and ahead of the release of Budget 2016.

Markets

Foreign selling on Bursa sees KLCI closing nearly 10 points down (Update)

KUALA LUMPUR: Some foreign selling of key stocks including DiGi, Public Bank and IOI Corp saw the FBM KLCI closing down nearly 10 points on Tuesday.

Business

BIMB Research sees KLCI continuing to consolidate

KUALA LUMPUR: BIMB Securities Research expects the FBM KLCI to extend its consolidation on Tuesday with strong support at the 1,700 level.

Business

Top foreign and local stories at 3.30pm

Top foreign and local stories at 3.30pm