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Business

Market to trade within tight band

Trading for the weeks ahead in the local bourse is expected to continue to remain subdued until February as all eyes remain on the developments in the US-Iraq conflict.

Business

Blue chip stocks take a dip

Blue chips slipped on Friday, falling over a weak earnings forecast from the world's No. 1 home-improvement retailer Home Depot Inc, but the Nasdaq managed to eke out a tiny gain, extending its 2003 rally for a second day.

Business

Stocks up despite bleak job data

Stocks closed slightly higher on Friday as investors shrugged off early worries about dismal jobs data, while bonds rallied on the view that interest rates will remain low for months to come.

Business

US stocks down as giants slide

B>NEW YORK:/BInvestors sold off stocks on Friday, pushing the Nasdaq to its biggest percentage loss in a month as poor outlooks from Microsoft Corp and International Business Machines Corp sank hopes for a quick improvement in corporate profits in 2003.

Nation

ValueCap set to boost KLCI

The newly set-up ValueCap Sdn Bhd looks set to keep the Kuala Lumpur Composite Index (KLCI) on its upward trend from now on, said Deputy Finance Minister Datuk Chan Kong Choy.

Business

Worries of war cause tumble

Stocks tumbled to their lowest levels since October on Friday as the specter of a US war against Iraq loomed over a market already spooked by the outlook for corporate profits during the rush of reporting season.

Business

Philippine shares end down Tuesday on Iraq concerns

Philippine shares closed lower Tuesday, but losses due to the prospect of war in Iraq and the sharp fall on Wall Street were tempered by some bargain-hunting.

Business

Short, quiet trading week ahead

Next week is unlikely to bring much in the way of excitement to the Kuala Lumpur Stock Exchange (KLSE) as most investors will be away for the whole week for the Chinese New Year holidays. As such, market observers are bracing for a quiet, if somewhat dull, short trading week ahead.

Business

Sluggish US economy a further drag on world bourses

STOCK markets across the world were dealt another setback when fears of war between US and Iraq were compounded by news yesterday that the US economy grew at 0.7% in the final quarter of last year, its slowest growth rate since the third quarter of 2000.

Business

Rally offers temporary relief

Stocks rallied in a whipsaw session on Friday as battered share prices and a reassuring outlook from Dell Computer Corp lured investors still grappling with the threat of war in Iraq.