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Business 07 Jan 2015 | 12:00 AM

Finance Ministry tells GLCs to stop buying foreign assets

KUALA LUMPUR: The Finance Ministry has asked government-linked companies (GLCs) and statutory bodies to temporarily halt purchases of foreign assets, in response to falling commodity prices and in a bid to contain capital outflows.

Business 06 Jan 2015 | 5:20 PM

KLCI ends volatile Tuesday, down 20 pts (Update)

KUALA LUMPUR: The Malaysian stock market came under selling pressure from foreign funds at the start of trade on Tuesday but the FBM KLCI managed to close off the lows on some buying support from local institutions.

Business 06 Jan 2015 | 4:59 PM

Putrajaya confirms asking GLCs to stop buying foreign assets

KUALA LUMPUR: The Finance Ministry has asked government-linked companies (GLCs) and statutory bodies to temporarily halt purchases of foreign assets, in response to falling commodity prices and in a bid to contain capital outflows.

Business 06 Jan 2015 | 1:51 PM

Moody’s sees integrated oil majors faring better on lower prices

KUALA LUMPUR: Moody's Investors Service expects integrated oil majors to fare better as the global oil and gas industry enters a challenging 2015 based on stubbornly low oil prices.

Business 06 Jan 2015 | 12:59 PM

KLCI falls near critical 1,700 level

KUALA LUMPUR: Malaysian shares tumbled on Tuesday, with the benchmark index down 1.51% at the break, as a four-day selldown continues into a fifth session with banking and Petronas-related stocks taking a beating.

Business 06 Jan 2015 | 10:52 AM

Nikkei tumbles 2.6% on concerns over Europe, weak oil

TOKYO: Japan's Nikkei share average tumbled 2.6% on Tuesday as concerns over Greece's future in the euro zone and weak oil prices curbed risk appetite, while the strong yen dragged down exporters.

Business 06 Jan 2015 | 9:36 AM

RHB Research maintains Sell on Perisai

KUALA LUMPUR: RHB Research has maintained is Sell on Perisai Petroleum with a lower target price of 35 sen.

Business 06 Jan 2015 | 9:27 AM

Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia

NEW YORK: Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defense of market share, although it also hiked prices in Asia from record lows.

Business 06 Jan 2015 | 9:18 AM

KLCI gets another hammering after Wall St tumble

KUALA LUMPUR: There was no let-up in the selling on Bursa Malaysia with the FBM KLCI falling more than 22 points in early Tuesday trade after the overnight plunge on Wall Street and weak oil prices.

Business 06 Jan 2015 | 8:52 AM

KLCI to trend lower after overnight plunge on Wall Street

KUALA LUMPUR: BIMB Securities Research expects Malaysian equities to come under some selling pressure after the overnight fall on Wall Street.