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THERE was an elephant in the room during the recent Opec+ meeting: The record-breaking initial public offering of Saudi Arabia’s mammoth oil company Saudi Aramco occurring at exactly the same time.
SAN FRANCISCO: US President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.
THE current situation of the financial markets and geopolitical stage can be described with only one phrase: expect the unexpected.
LONDON: The scale of Boris Johnson's election victory on Thursday may be enough to draw back billions of pounds of investment that have sidestepped UK stocks for years over Brexit, mirroring the U.S. market surge seen after Donald Trump's election three years ago.
NEW YORK: Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China's increased purchase of farm goods, cooling a contentious trade war.
ON Wednesday the Court of Appeal ruled in favour of a Singaporean house buyer and dismissed the appeal of a mega project developer in a long-running case which went from the tribunal to the High Court and to the Court of Appeal.
KUALA LUMPUR: Scomi Energy Services Bhd unit KMCOB Capital Bhd has defaulted in redeeming or repaying the Series E of the guaranteed serial bonds (KMCOB bond) issued amounting to RM55mil.
PETALING JAYA: The Employees Provident Fund (EPF) reported a total investment income of RM13.5bil in the third quarter ended Sept 30, 2019 which is a drop of 7.6% from the same quarter a year ago.
Business news in brief.