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HK online brokerage Futu raises US$1.24bil to cash in on margin lending boom
HONG KONG: Hong Kong-based online brokerage Futu Holdings Ltd has raised $1.24 billion by selling new shares at $130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told Reuters.
ASML Q1 profit beats estimates, order book surges amid semiconductor shortage
AMSTERDAM (Reuters) -ASML Holding NV, one of the biggest suppliers to semiconductor companies, on Wednesday reported a better-than-expected net income for the first quarter and raised its full-year sales forecast, citing strong demand amid a global computer chip shortage.
Sweden's Ericsson core profit beats forecast, patent fight casts shadow
STOCKHOLM (Reuters) -Sweden's Ericsson on Wednesday reported first-quarter core earnings above market estimates as strong 5G equipment sales offset a loss of royalty income due to a patent fight with Samsung Electronics.
Ramadan a mother’s time for painful memories
THREE years since her children were tragically killed after being attacked by a man running amok at Kampung Sungai Haji Muhammad in Perak, Zuraidah Md Ali still has not been able to muster enough courage to enter her old home, Utusan Malaysia reported.
AA- rating for 7-Eleven’s proposed RM600mil MTN programme
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AA- to 7-Eleven Malaysia Holdings Bhd’s proposed RM600mil medium-term notes (MTN) programme with a “stable” outlook.
Idriss Deby, Chad's president and West's ally against Islamists
(Reuters) - In 30 years as Chad's president, Idriss Deby emerged as one of Africa's wiliest political survivors, holding on to power through rebellions that reached as far as his palace gates and establishing himself as a key military ally of Western powers.
Cabinet to receive inter-ministerial note on cabotage issue
PETALING JAYA: A joint note following an inter-ministerial discussion over the cabotage exemption issue will be sent to Cabinet at the end of the month, says Datuk Seri Dr Wee Ka Siong.
FACTBOX-Five facts about Chad's Deby
N'DJAMENA (Reuters) - Chad's President Idriss Deby, a former army officer who seized power and ruled the central Africa nation for 30 years died on Tuesday at the age of 68 from injuries sustained while fighting the latest rebellion in the north of the country.
Customs seizes more than RM1.8mil worth of booze in Balakong raids
KAJANG: The Customs Department has crippled two beer smuggling syndicates with the seizure of over RM1.88mil worth of beer.
Semiconductor equipment maker ASML to report first-quarter earnings amid chip shortage
AMSTERDAM (Reuters) - ASML Holding NV, one of the biggest suppliers to semiconductor companies, is likely to show its order books are full to bursting because of a global chip shortage when it reports first quarter earnings on Wednesday.
