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KLCI tracks higher as US stimulus hopes lift
KUALA LUMPUR: The FBM KLCI bounced higher on Wednesday, tracking the positive global sentiment that was sparked by hopes of a large fiscal stimulus package in the US.
Asian shares hit a record high after Yellen calls for big spending
TOKYO: Asian shares climbed to a record high on Wednesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemic-driven slump.
British hospitals use blockchain to track Covid-19 vaccines
Two British hospitals are using blockchain technology to keep tabs on the storage and supply of temperature-sensitive Covid-19 vaccines, the companies behind the initiative said on Jan 19, in one of the first such initiatives in the world.
Asia markets mostly up on hope for Biden recovery agenda
HONG KONG (AFP): Asian investors pushed markets higher again Wednesday (Jan 20) as they await the swearing-in of Joe Biden, while they have taken heart from comments by Treasury nominee Janet Yellen as she looks to push through the new president's stimulus proposals.
Oil extends gains on hopes of US stimulus and crude stocks drawdown
MELBOURNE: Oil prices rose in early trade on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks.
Trading ideas: T7, Hai-O, Bioalpha, Boustead, Jade Marvel, KIP Reit
KUALA LUMPUR: Stocks to watch on Wednesday include T7 Global Bhd, Hai-O Enterprise Bhd, Bioalpha Holdings Bhd, Boustead Holdings Bhd, Jade Marvel Group Bhd and KIP Real Estate Investment Trust (REIT), according to JF Apex Research.
Goldman Sachs blockbuster profit helps absorb US$3bil Malaysian 1MDB settlement
The results helped Goldman absorb a US$3 billion settlement with the U.S. Department of Justice and other regulators over its role in Malaysia's 1MDB corruption scandal.
Oil price gains on stimulus optimism ahead of Biden inauguration
NEW YORK: Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.
Wall St closes higher as Yellen backs more stimulus
NEW YORK: Wall Street's main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world's largest economy ride out a pandemic-driven slump.
U.S.-listed Chinese firms trade higher
NEW YORK, Jan. 19 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Tuesday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
