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Business

Plantation lifts Malaysia's main stock index to record high

PETALING JAYA: The key FTSE Bursa Malaysia KLCI (FBM KLCI) powered to a new record as plantation stocks lifted the 30-stock barometer by 12.31 points or nearly 1% to 1,662.06 in mid-afternoon trade.

Business

Axiata, CIMB, Public Bank lead KLCI higher

Shares of Axiata, CIMB and Public Bank led the FBM KLCI higher at midday, though the 30-stock index was off its morning high of 1,668, as some investors took profit ahead of the weekend.

Business

KLCI closes at fresh high again after one month

The FBM KLCI closed at a fresh high of 1,661.47 on Thursday, breaking the then all-time high of 1,654.11 on Sept 4, driven by gains in Sime Darby and Tenaga, but analysts expect a choppy few months ahead.

Business

CIMB Research sees CPO rebounding by year-end

CIMB Equities Research describes the 25% price slump for crude palm oil (CPO) futures over five weeks was fuelled by speculative selling over fears of a build-up of stocks.

Business

CPO prices rebound as selling seen as overdone

Crude palm oil (CPO) prices recovered at midday on Wednesday after the recent selldown which saw the CPO futures for third-month delivery falling to the lowest in July 2010 on Tuesday.

World

Without IMF deal, investors wary of Egypt

CAIRO (Reuters) - A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.

Business

CIMB Research upgrades MAHB to Outperform

CIMB Equities Research has upgraded Malaysia Airports Holdings Bhd (MAHB) from Neutral to Outperform with a target price of RM6.75 from RM5.56.

Business

Spain bailout uncertainty pushes European shares lower

LONDON: European shares and the euro dipped on Tuesday as investors worried about Spain's economic troubles and a gloomy outlook for global growth, cashing in recent gains.

World

Google races past Microsoft to number two tech firm

NEW YORK: Google soared past Microsoft in terms of market value Monday to become the second-richest firm in the tech world behind Apple.

Business

CIMB Research retains Neutral on banking sector

CIMB Equities Research is maintaining its Neutral stance on the banking sector and continues to prefer Maybank for its attractive yield.