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KUALA LUMPUR: Maybank Investment Bank has maintained its “sell” call on Barakah Offshore Petroleum with an unchanged target price of 13 sen, based on one time EV/replacement value.
LONDON: The chances of Britain's economy picking up steam diminished further on Monday as surveys showed major companies have curtailed their investment plans and that consumers spent less on their credit cards
TOKYO: The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange.
SAN FRANCISCO: Western Digital Corp said it matched rival bidders’ offers to acquire Japanese conglomerate Toshiba Corp’s flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.
BEIJING: China’s sovereign wealth fund China Investment Corp (CIC) posted a 1.88% rise in 2016 net profit to US$75.3 billion, boosted by stronger returns from its overseas portfolio.
KUALA LUMPUR: CIMB Equities Research expects the dividend yield play, the impending 14th General Elections and Permodalan Nasional Bhd (PNB) transformation themes to be in focus in the second half of 2017.
KUALA LUMPUR: Lotte Titan Chemical Holdings ended its first trading day on Bursa Malaysia on Tuesday on a downbeat note, weighed down further by the overall cautious market sentiment.
BANGI: Malaysia will be compelled to reevaluate options on trade with France if the country keeps its stand on palm biofuels, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
CYBERJAYA: The Inland Revenue Board (IRB) has collected more than RM56bil in taxes up to early July, exceeding the RM55bil collected in the corresponding period last year.