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KUALA LUMPUR: Selangor Properties Bhd shares surged in early trade Friday after its shareholder Kayin Holdings Sdn Bhd proposed to take the company private.
SHANGHAI: Asian shares wobbled in early Friday trade, struggling to shake off the previous day's global markets rout, after weak results from tech giants Alphabet Inc and Amazon.com heightened concerns over world trade and economic growth.
SAN FRANCISCO: Intel Corp beat analysts' estimates for quarterly profit and revenue on Thursday, driven by its high-margin data center business and strong demand for its PC chips, sending its shares up as much as 6.0 percent in extended trading.
BEIJING: Two funds linked to the Chinese government sold all their holdings of stocks and bonds in the third quarter without explaining why, leaving investors to guess at the implications for the country’s turbulent financial markets.
SAN FRANCISCO: Profit secured. Tesla Inc blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
Kayin Holdings proposes RM622mil cash repayment
LONDON: Anheuser-Busch InBev NV, the world’s largest brewer, cut its dividend in half as it seeks to pay down its US$109bil debt mountain, much of it taken on to acquire rival SABMiller Plc in 2016.
TOKYO: With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp faces tough decisions in its relationship with the kingdom.