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Stocks tick up as China industrial data offsets trade woes; oil rises
NEW YORK: Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
GLOBAL MARKETS-Stocks tick up as China industrial data offsets trade woes;
NEW YORK:Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
China’s factory recovery gains strength in July
BEIJING: China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy.
Chocolate market outlook seen improving
PETALING JAYA: Guan Chong Bhd’s production should improve further in the second half of this year as its operations normalise and demand for mass market chocolate remains robust
China's factory deflation slows in July as recovery gains strength
BEIJING: China's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy.
Moody’s affirms Maybank’s ratings, outlook stable
KUALA LUMPUR: Moody's Investors Service affirmed the A3 long-term foreign currency deposit and A3 long-term foreign currency senior unsecured debt ratings of Malayan Banking Bhd (Maybank).
Kenanga keeps 'outperform' on Serba Dinamik on new contract win
KUALA LUMPUR: Kenanga Investment Bank Research reitereated its "outperform" recommendation on Serba Dinamik Holdings Bhd on the back of its US$350mil (RM1.47bil) contract in Abu Dhabi.
Companies turning to cloud tech to support recovery
PETALING JAYA: Companies are increasingly looking to cloud technology to support business recovery efforts post-Covid and help build their resilience to weather future crises.
Finance Minister: Malaysia still resilient
PETALING JAYA: The Malaysian economy’s ability to weather the Covid-19 pandemic is intact as the nation’s financial ecosystem remains resilient, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
