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Business

Ringgit rallies with stocks

SINGAPORE: The ringgit gained the most in five months and the benchmark stock index closed at a six-week high after an overnight surge in Brent crude eased concern that finances will deteriorate for Asia’s only major oil exporter.

Business

KenTrade challenge places emphasis on investment strategies

KENANGA Investment Bank Bhd, which is gearing up for its KenTrade Trading Challenge 2, wants its participants to realise the fundamental importance of having investment strategies.

Business

Russell Investments sale reportedly near collapse

HONG KONG: London Stock Exchange Group Plc’s plan to sell Russell Investments to China's Citic Securities Co is faltering and may soon collapse, people with knowledge of the matter said.

Markets

KL Kepong and TM among top losers as KLCI slips

KUALA LUMPUR: Blue chips slipped in early Tuesday trade on extended selling of KL Kepong, Telekom Malaysia and Petronas Gas despite the firmer overnight close on Wall Street and jump in crude oil prices.

Business

Growing interest in warrants

WARRANTS as an investment tool is traditionally not a very popular option – but interest in them has been growing.

Business

Asia’s resilience being tested

THESE are trying times for Asia.

Business

SP Setia likely to achieve RM4bil sales, 'buy'; Gamuda 'add'

SP Setia Bhd is poised to benefit from the higher pound/ringgit rate, MIDF Research says. This was due to its 40% stake in Battersea Power Station (Battersea) project in London, United Kingdom.

Markets

China, Hong Kong stocks tumble, joining global selloff on slowdown fears

SHANGHAI: China and Hong Kong stocks tumbled on Tuesday, joining a global equity selloff triggered by fears of a sharp slowdown in the world economy.

Business

S P Setia to benefit from stronger pound sterling

KUALA LUMPUR: SP Setia Bhd is expected to benefit from the strengthening of British pound against the ringgit and its upcoming fourth quarter FY15 financial results is likely to be good due to the strong unbilled sales of RM382mil from Fulton Lane project in Australia.

Business

Oil down nearly 3% on Wall Street, China(Update)

SINGAPORE: Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down as concerns over Asia's economic health mounted and as production remained high.