Recent Articles

KL shares extend gains

KL shares extend gains

KUALA LUMPUR: Share prices on Bursa Malaysia extend earlier gains at mid-morning today with renewed buying momentum seen across the board, dealers said. At 11.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 14.32 points higher at 1,624.25. A dealer said the bourse was upbeat on expectations of resilient second quarter gross domestic product (GDP) […]

August 13, 2015 | By | Reply More
FTSE Bursa Malaysia update

FTSE Bursa Malaysia update

KUALA LUMPUR: At 10.30am today, there were 464 gainers, 191 losers and 229 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,622.20 up 12.27 points, the FBMACE was at 5,556.62 up 129.49 points, and the FBMEmas was at 11,103.98 up 87.96 points. Turnover was at 621.178 million shares valued at RM468.125 million.–BERNAMA

August 13, 2015 | By | Reply More
Short-term rates to remain stable on BNM’s intervention

Short-term rates to remain stable on BNM’s intervention

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM36.870 billion in the conventional system and RM13.250 billion in Islamic funds. The central bank will conduct a RM6 billion conventional money market for seven […]

August 13, 2015 | By | Reply More
Ringgit records slight improvement with 3.99 against USD

Ringgit records slight improvement with 3.99 against USD

KUALA LUMPUR: The ringgit, on a downtrend of late, took a breather today with a mild rebound against the US dollar in the early session, dealers said. At 9.30am, the ringgit was quoted at 3.9900/9970 against the greenback from 4.0375/0415 at 5pm yesterday. A dealer said the ringgit’s slight improvement was on expectations of a […]

August 13, 2015 | By | Reply More
Ringgit takes a breather with mild rebound

Ringgit takes a breather with mild rebound

KUALA LUMPUR: The ringgit, on a downtrend of late, took a breather today with a mild rebound against the US dollar in the early session, dealers said. At 9.30am, the ringgit was quoted at 3.9900/9970 against the greenback from 4.0375/0415 at 5pm yesterday. A dealer said the ringgit’s slight improvement was on expectations of a […]

August 13, 2015 | By | Reply More
Bursa Malaysia snaps losing streak

Bursa Malaysia snaps losing streak

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher today, snapping a losing streak of late, and in tracking the performance of regional peers as well as Wall Street, dealers said At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.63 points higher at 1,622.56, after opening 4.3 points easier at […]

August 13, 2015 | By | Reply More
Bursa Malaysia opens higher

Bursa Malaysia opens higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher today, snapping a losing streak of late, and in tracking the performance of regional peers as well as Wall Street, dealers said At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.63 points higher at 1,622.56, after opening 4.3 points easier at […]

August 13, 2015 | By | Reply More
Lenovo quarterly revenue misses expectations, announces cuts

Lenovo quarterly revenue misses expectations, announces cuts

August 13, 2015 BEIJING: Lenovo Group Ltd missed quarterly revenue expectations on Thursday and said it plans to lay off about 10 percent of its global non-manufacturing workforce, after posting a steep sales decline in its mobile division. The world’s No 1 PC maker said it plans to cut about 3,200 non-manufacturing positions to save […]

August 13, 2015 | By | Reply More
China lets yuan fall further, fuels fears of ‘currency war’

China lets yuan fall further, fuels fears of ‘currency war’

SHANGHAI: China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan traded in China hit a low of 6.4510 per US dollar, its lowest […]

August 13, 2015 | By | Reply More
US automakers, fund managers looking past China’s devaluation

US automakers, fund managers looking past China’s devaluation

For many US companies and investors, the volatility in world markets this week, following Beijing’s surprise currency devaluation, presents the challenge of balancing the country’s current uncertain economic prospects against the hope for long term growth from the world’s most populous nation. China this week devalued its currency against the US dollar, after more data […]

August 13, 2015 | By | Reply More