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KUALA LUMPUR: The rebound on the FBM KLCI lost steam by mid-morning to return to negative territory as profit-taking pressure pulled equities prices lower following the end of the corporate earnings season.
Top read stories from Aug 16 to 20 include Boustead Holdings Bhd, Pos Malaysia, KL luxury condo market, S P Setia and the economics of politics
PETALING JAYA: Pos Malaysia Bhd saw its net loss widen to RM121.84mil in its second quarter ended June 30, 2021 (Q2’21) from RM19.02mil in the same quarter a year ago.
KUALA LUMPUR: Pos Malaysia Bhd sank deeper into the red in the second quarter due to impairment of property, plant and equipment at its postal division, as well as higher transportation and delivery cost incurred.
FAR from embracing for what some dub the “great reflation” or even the “new abnormal”, bond markets are starting to see a post-pandemic world much like the one before Covid-19 struck.
NEW YORK/LONDON: European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks.
The Hang Seng Tech Index sank as much as 4.5%, extending its tumble from a February high to about 30%.
IF YOU can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from bankruptcy.