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Takeda adds more cash in boosting Shire bid over US$60 billion

Takeda adds more cash in boosting Shire bid over US$60 billion

Shire says its board of directors ‘is considering its position with respect to the fourth proposal’. TOKYO: Takeda Pharmaceutical Co sweetened its offer for drugmaker Shire Plc to more than US$60 billion after three prior bids were rejected, wooing investors in the US company with a higher cash component. The Japanese company boosted its offer […]

April 21, 2018 | By | Reply More
Bursa Malaysia to trend higher next week

Bursa Malaysia to trend higher next week

KUALA LUMPUR: Bursa Malaysia is expected to trend higher next week with the composite index likely to breach the 1,900 level amid volatile trading, said Inter-Pacific Securities Sdn Bhd Head of Research, Pong Teng Siew. However, he noted that the global economic outlook or external factors would still set the direction for the local bourse. […]

April 21, 2018 | By | Reply More
Ringgit to maintain rangebound trading next week

Ringgit to maintain rangebound trading next week

KUALA LUMPUR: The ringgit is expected to trade similarly to this week’s narrow range pattern of between 3.88 and 3.91 against the US dollar next week, said a dealer. Oanda Head of Trading in Asia-Pacific, Stephen Innes, said some investors would likely hold on their buying interest for the local note ahead of the general […]

April 21, 2018 | By | Reply More
South Korea will consider injecting funds into GM Korea

South Korea will consider injecting funds into GM Korea

Finance Minister Kim Dong-yeon says funds not meant to repay debt incurred by carmaker. An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon. (Reuters Pic) SEOUL: South Korea’s government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co, the Yonhap news agency reported on […]

April 21, 2018 | By | Reply More
Google, Twitter pressed to follow Facebook into Senate hearings

Google, Twitter pressed to follow Facebook into Senate hearings

Social media giants may also be required to disclose who funds their ads, following Cambridge Analytica scandal. Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration.(Reuters pic) WASHINGTON: The chief executive officers of Google and Twitter may be next to follow Mark Zuckerberg into a gauntlet […]

April 20, 2018 | By | Reply More
Maybank gets BNM approval to acquire asset management firms

Maybank gets BNM approval to acquire asset management firms

KUALA LUMPUR: Bank Negara Malaysia has approved Malayan Banking Bhd’s proposed acquisition of Amanah Mutual Bhd (AMB) and Singapore Unit Trusts Ltd (SUTL) for RM51 million. In its filing with Bursa Malaysia, Maybank said the central bank has approved of its application to acquire the two fund management companies owned by Permodalan Nasional Bhd (PNB). […]

April 20, 2018 | By | Reply More
OSK establishes MTN programme

OSK establishes MTN programme

PETALING JAYA: OSK Holdings Bhd has established a medium term note (MTN) programme, which together with the sukuk programme that was initially lodged on March 9, 2018, will have a combined limit of up to RM1.8 billion nominal value in aggregate. In a filing with Bursa Malaysia, OSK said its wholly owned subsidiary OSK I […]

April 20, 2018 | By | Reply More
Bursa Malaysia closes lower

Bursa Malaysia closes lower

KUALA LUMPUR: Bursa Malaysia ended lower today on continued selling pressures across-the-board after its all-time high-performance yesterday, due to the rise in US Treasury note yield by 2.9%. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,887.75, down 7.43 points from Thursday’s 1,895.18. It opened marginally higher by 0.37 of-a-point to 1,895.55 and […]

April 20, 2018 | By | Reply More
Ringgit extends losses against us dollar at closing

Ringgit extends losses against us dollar at closing

KUALA LUMPUR: The ringgit extended its losses against the US dollar today, dampened by the firmer greenback on the prospect of higher US inflation, dealers said. At 6pm, the ringgit was quoted at 3.8950/8000 from 3.8890/8920 on Thursday. OANDA Head of Trading in Asia-Pacific Stephen Innes said despite the increase in oil and commodity prices, […]

April 20, 2018 | By | Reply More
Bullish oil signals proliferate as OPEC cuts get even deeper

Bullish oil signals proliferate as OPEC cuts get even deeper

KUWAIT: Crude has surged to a three-year high, the stockpile surplus is all but gone and OPEC’s choke-hold on its own production is only getting tighter. As oil ministers gather in Saudi Arabia, the $80 a barrel the kingdom desires is inching closer. “The petro-nations seem willing to over-tighten the market, with the current price […]

April 20, 2018 | By | Reply More