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KUALA LUMPUR: The ringgit will be less volatile this year compared with last year as the economy stabilises.
KUALA LUMPUR: Malaysian palm oil rebounded from earlier losses on Wednesday evening, rising for a third session in four as it was lifted by stronger performing soyoil and in a technical correction.
New York U.S. stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.
BENGALURU: Procter & Gamble Co (P&G), maker of Ariel detergent and Gillette razors, reported an 8.3% fall in third-quarter profit, hurt partly by a slowdown in consumer spending in the United States and a stronger dollar.
KUALA LUMPUR: Cagamas Bhd, the national mortgage corporation, has surpassed half of its target issuance for the year following a RM2.3bil equivalent dual currency issuance over three days earlier this month.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects to grow its production capacity by 49% or an increase of 5.3 million tonnes by year 2020 from 10.8 million tonnes currently.
NEW YORK: As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.