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NEW YORK: U.S. stocks closed higher in a choppy session on Monday as hopes for a COVID-19 vaccine lifted economically sensitive sectors such as energy and industrials, but a pullback in megacap shares curbed gains on the S&P 500 and Nasdaq.
SYDNEY: Australian employers unexpectedly added tens of thousands of jobs in October as Victoria’s tough Covid restrictions began to lift and the state’s workers returned to the labour force, while a recovery in the rest of the economy gathered pace.
KUALA LUMPUR: The FBM KLCI retraced some of its earlier losses to enter the lunch break just slightly in the red following the announcement of GDP data that contracted at a slower pace than expected.
KUALA LUMPUR: The local stock market was given a breath of fresh air as the Covid-19 vaccine hopes lifted the cloud of gloom on Tuesday with banks leading the advance while glove makers fell.
KUALA LUMPUR: Beverage maker Fraser & Neave Holdings Bhd (F&N) reported a 26% jump in net profit to RM86mil in the last quarter ended Sept 30, as strong export sales mitigated the impact of a slight contraction in revenue.
NEW YORK: Global equity markets rebounded on Monday as robust U.S., China and euro zone factory data offset lockdowns in Europe to combat record COVID-19 cases, while the dollar and gold rose on U.S. presidential election jitters.
KUALA LUMPUR: British American Tobacco (Malaysia) Bhd said its sales in the third quarter grew at a faster pace than the industry, boosted by demand for newly introduced cheaper brand KYO.
BEIJING: Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company's valuation to $15.5 billion.
OSLO: Norway's Telenor raised its full-year earnings guidance after beating third-quarter expectations on Wednesday as cost cuts offset lower subscriber and roaming revenue.