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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.
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.
KUALA LUMPUR: RHB Research is keeping Bumi Armada Bhd as its top sector pick as its recent results outperformed expectations.
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.
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.
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.
Glove makers told to look at non-medical industry