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Selangor Properties shares surge on privatisation deal
KUALA LUMPUR: Selangor Properties Bhd shares surged in early trade Friday after its shareholder Kayin Holdings Sdn Bhd proposed to take the company private.
Asian shares struggle to shake off rout despite Wall St bounce
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.
Intel bucks chip industry woes; powered by PCs, iPhones
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.
China's US$4bil fund liquidation leaves traders guessing
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.
Prestariang comes under pressure
Forced selling by major shareholder as speculation persists on SKIN contract
Tesla’s Q3 profit repairs much of CEO’s damage to stock
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.
Major shareholder plans to privatise Selangor Properties
Kayin Holdings proposes RM622mil cash repayment
AB InBev cuts dividend payout as rising rates squeeze debtors
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.
It’s time to consider Softbank’s future without Saudi money
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.
