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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.
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.
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.”
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.
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.