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KL shares open mixed in early trade

KL shares open mixed in early trade

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained on sidelines. At 9.15am, the key index stood at 1,621.97, down 3.24 points from Friday's 1,625.21 points. The index opened 2.08 points higher at 1,627.29 at 9am. The market was closed yesterday for the Thaipusam […]

January 26, 2016 | By | Reply More
Ringgit opens at 4.28 against USD

Ringgit opens at 4.28 against USD

KUALA LUMPUR: The ringgit opened higher against US dollar today, tracking the performance of regional peers, dealers said. At 9.01am, the local unit was traded at 4.2850/2920 from 4.2950/2040 against the greenback on Friday. The foreign exchange market was closed yesterday for the Thaipusam public holiday. An analyst noted that investors were waiting for the […]

January 26, 2016 | By | Reply More
Fed to mull weak inflation but no policy move

Fed to mull weak inflation but no policy move

WASHINGTON: Weak inflation is expected to be the key topic when the Federal Reserve opens a two-day monetary policy meeting Tuesday, its first since its historic interest rate rise in December. Coming less than a week after the European Central Bank signaled it could expand stimulus measures in March if inflation slows further, the Fed […]

January 26, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against US dollar today, tracking the performance of regional peers, dealers said. At 9.01am , the local unit was traded at 4.2850/2920 from 4.2950/2040 against the greenback on Friday. The foreign exchange market was closed yesterday for the Thaipusam public holiday. An analyst noted that investors were waiting for […]

January 26, 2016 | By | Reply More
F&N confirms bid for Peroni, Grolsch beer brands

F&N confirms bid for Peroni, Grolsch beer brands

SINGAPORE: Fraser and Neave (F&N) has confirmed its bid for SABMiller’s Peroni and Grolsch beer brands, according to a Singapore Exchange filing on Tuesday (Jan 26). “The company constantly evaluates and looks out for strategic opportunities to grow its business, and in this respect, it has expressed an interest to acquire the Peroni and Grolsch […]

January 26, 2016 | By | Reply More
South Korea Q4 GDP slightly lower than expected

South Korea Q4 GDP slightly lower than expected

SEOUL: South Korea’s economic growth more than halved to 0.6 per cent in the final quarter of 2015 as a decline in construction investment hobbled the ongoing recovery, central bank estimates showed on Tuesday (Jan 26). Fourth-quarter gross domestic product rose 0.6 per cent in seasonally adjusted terms from the third quarter, slowing from a […]

January 26, 2016 | By | Reply More
OPEC, Russia talk of oil teamwork, but Saudi talks of investment

OPEC, Russia talk of oil teamwork, but Saudi talks of investment

LONDON: Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance itself. The latest volley of comments highlighted the intensifying pressure of $30 a barrel oil […]

January 26, 2016 | By | Reply More
Asian shares, oil skid as growth concerns dominate

Asian shares, oil skid as growth concerns dominate

TOKYO: Asian shares look set to retreat and oil prices to resume their descent after investors used rebounds over the last two days to offload risk assets as fears of a global economic slowdown show no sign of abating. Japan’s Nikkei fell 2.2 per cent while South Korean shares dropped 0.6 per cent. MSCI’s broadest […]

January 26, 2016 | By | Reply More
Difficult to fill vacancies for programmers, say smaller firms

Difficult to fill vacancies for programmers, say smaller firms

SINGAPORE: For more than a year, software development firm Net Profit Quest had been looking for a programmer, to no avail. Faced with growing demand for his services, company co-founder Willy Lim eventually decided to outsource his programming needs to India instead. He is not alone: Even as the number of technology job openings grows […]

January 26, 2016 | By | Reply More
California insurance commissioner calls for coal divestment

California insurance commissioner calls for coal divestment

SAN FRANCISCO: California’s insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Coal use by utility companies has plummeted amid low natural gas prices and new federal regulations aimed at curbing […]

January 25, 2016 | By | Reply More