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Bursa Malaysia opens firmer

Bursa Malaysia opens firmer

Kenanga Investment Bank Bhd said US markets recovered with investor sentiment lifted by positive corporate earnings, which eased concerns over the implication of Turkey’s financial crisis. Investors monitor share market prices in Kuala Lumpur, Malaysia. (Reuters pic) KUALA LUMPUR: Bursa Malaysia opened firmer today, lifted by buying activities in selected heavyweights and small caps stocks […]

August 15, 2018 | By | Reply More
India's cash-strapped Fortis Healthcare sees signs of improvement

India's cash-strapped Fortis Healthcare sees signs of improvement

<p>Cash-strapped Indian hospital operator Fortis Healthcare Ltd said on Tuesday it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH Healthcare Bhd .</p> © New Straits Times Press (M) Bhd

August 15, 2018 | By | Reply More
Ringgit opens lowest in 8 months against US dollar

Ringgit opens lowest in 8 months against US dollar

Current investors were said to be worried about the contagion affecting emerging market currencies, which saw a move to a safe haven. Ringgit Malaysia. (Reuters pic) KUALA LUMPUR: The ringgit slid further against the US dollar in early trade today, reaching an eight-month low amid escalating tension between Washington and Ankara. At 9 am, the […]

August 15, 2018 | By | Reply More
Ringgit opens lowest in 8 months against US dollar

Ringgit opens lowest in 8 months against US dollar

KUALA LUMPUR: The ringgit slid further against the US dollar in early trade today, reaching an eight-month low amid escalating tension between Washington and Ankara. At 9am, the local note was traded at 4.0970/1000 versus the greenback from yesterday’s close of 4.0950/1000. Hermana Capital Bhd Chief Executive Officer and Chief Investment Officer Datuk Nazri Khan […]

August 15, 2018 | By | Reply More
Diamondback to buy Energen in US$9.2 billion deal

Diamondback to buy Energen in US$9.2 billion deal

Adding new drilling prospects represents the best way for independent oil producers like Diamondback to compete for services with larger rivals that have moved into the Permian this year. An oil pump operating in the Permian Basin near Midland, Texas, US, May 2017. (Reuters pic) HOUSTON: US oil and gas producer Diamondback Energy Inc on […]

August 15, 2018 | By | Reply More
Coinbase still signing up 50,000 users a day despite crypto downturn

Coinbase still signing up 50,000 users a day despite crypto downturn

While speculators have been attracted to cryptocurrencies, many haven’t made money – Bitcoin’s price of about US$6,120 price is now almost 70% off its December high. A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 2015. […]

August 15, 2018 | By | Reply More
Malaysian economy could shrink if US-China trade war escalates

Malaysian economy could shrink if US-China trade war escalates

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years should the trade war between the United States and China intensify. CIMB Group chief economist Dr Donald Hanna said Malaysia’s economic growth could shrink in the event of continuous escalation in tariff imposition and a confidence shock in the financial market, […]

August 14, 2018 | By | Reply More
AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc’s Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. AirAsia divested the other […]

August 14, 2018 | By | Reply More
YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

PETALING JAYA: YTL Hospitality REIT (YTL REIT) is acquiring The Green Leaf Niseko Village for ¥6 billion cash (RM222.5 million) from Niseko Village KK (Niseko Village), an indirect wholly owned subsidiary of YTL Corp Bhd. In a filing with Bursa Malaysia today, YTL REIT said its wholly owned subsidiary Starhill REIT Niseko GK (Starhill Niseko) […]

August 14, 2018 | By | Reply More
India's Fortis sees signs of recovery, shareholders approve takeover by IHH Healthcare

India's Fortis sees signs of recovery, shareholders approve takeover by IHH Healthcare

BENGAlURU: Cash-strapped Indian hospital operator Fortis Healthcare Ltd said today it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia’s IHH Healthcare Bhd. Fortis, which operates about 30 private hospitals in India, reported a net loss of 707.4 million rupees (RM41.5 million) for the three months […]

August 14, 2018 | By | Reply More