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Corporate News 03 Mar 2016 | 10:05 AM

KLCI retreats after hair's breadth away from key 1,700

KUALA LUMPUR: The FBM KLCI rose to an intra-day high of 1,699.96, just a hair's breadth away from the important 1,700-level on Thursday, before late selling pressure on Maxis and CIMB pushed it into the red.

Forex 03 Mar 2016 | 5:10 AM

KLCI in positive zone since Jan as blue chips climb

KUALA LUMPUR: Key Asian markets except Hong Kong chalked up gains at midday on Thursday as crude oil prices recovered while the FBM KLCI entered the positive territory for 2016.

Corporate News 03 Mar 2016 | 12:10 AM

Shares hit two month high as oil edges up

NEW YORK: A late bounce on Wall Street, backed by a rise in oil prices, helped propel a measure of global equity markets to its highest in nearly two months on Wednesday.

Economy 03 Mar 2016 | 12:00 AM

Fed debuts rate Plan B as long-time benchmark dwindles

NEW YORK: After eight years of unprecedented intervention in financial markets, the Federal Reserve has taken the first baby steps in a long-term mission to extract itself. But it’s good to have a back-up plan just in case that doesn’t work out.

Economy 03 Mar 2016 | 12:00 AM

S&P: Large Japan economic stimulus will raise concerns

TOKYO: Japan’s government is unlikely to be able to launch a stimulus package to support its struggling economy without raising concerns about the size of its spending, ratings agency Standard & Poor’s said.

Economy 03 Mar 2016 | 12:00 AM

Australia’s economy beats all estimates

SYDNEY: Australia’s economy outpaced all forecasts to grow at the fastest pace in almost two years last quarter as strength in consumer and government spending offset the heavy drag from a global mining slump.

Business 03 Mar 2016 | 12:00 AM

GDex expands

PETALING JAYA: GD Express Carrier Bhd (GDex) is a step closer to fulfilling its Asean-play dream, as the company strengthens its foothold in the region with its latest collaboration with Indonesian state-owned enterprise PT Pos Indonesia.

Corporate News 02 Mar 2016 | 10:52 AM

GDex teams up with Pos Indonesia

KUALA LUMPUR: GD Express Carrier Bhd (GDEx) has inked an agreement with state-owned PT Pos Indonesia (Persero) to enhance the cross-border trade between both entities and explore other synergies.

Corporate News 02 Mar 2016 | 10:11 AM

KLCI climbs to 2016 high but lags key regional markets

KUALA LUMPUR: Key Asian markets surged on Wednesday, propelled by China stocks as investors expect some positive policy moves, with the FBM KLCI riding on the coat tails of the surge as it neared the critical 1,700 level.

Corporate News 02 Mar 2016 | 5:05 AM

Maybank, Petronas stocks underpin KLCI’s nearly 12 points at midday

KUALA LUMPUR: The FBM KLCI rose nearly 12 points at midday on Wednesday tracking the key regional markets as Japanese equities leading the global advance as strengthened economic data from the US and Australia spurred buying interest.