Maybank records net profit of RM2.04bil in 1Q

KUALA LUMPUR: Malayan Banking Bhd's (Maybank) net profit in the first quarter ended March 31, 2022, fell 14.52% to RM2.04bil compared with RM2.39bil in the previous corresponding quarter.

Australia business investment dips in Q1, outlook sharply upgraded

SYDNEY: Australian business investment fell unexpectedly in the first quarter as floods and bottlenecks hit building work, though firms sharply lifted plans for spending in the year ahead in a boost to the economic outlook.

Bumi Armada remains RHB's top sector pick

KUALA LUMPUR: RHB Research is keeping Bumi Armada Bhd as its top sector pick as its recent results outperformed expectations.

ANALYSIS-Stock and bond divergence offers hope for battered 60/40 portfolio

NEW YORK: U.S. stocks and bonds are moving in opposite directions, a phenomenon that could bring relief for investors hoping for a blend of the two asset classes to blunt declines in their portfolios.

Oil edges higher on tight supply, rising US refining activity

New York: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.

Global shares rise after Fed meeting notes hint at future rate hikes

NEW YORK: Global shares rose on Wednesday after notes from the U.S. Federal Reserve's early May meeting showed a strong likelihood that the world's most powerful central bank will approve two more half-percentage-point rate hikes in coming months.

AmBank merger, Grab stake buy still market talk

Govt to ensure rubber sector remains resilient

Glove makers told to look at non-medical industry

Tough times ahead for Sime Darby on inflationary pressures

Positive outlook for KLK

Strategy to expand upstream business looking solid