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FTSE Bursa Malaysia update

FTSE Bursa Malaysia update

KUALA LUMPUR: At 4.00 p.m. today, there were 552 gainers, 295 losers and 311 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,710.05 up 17.85 points, the FBMACE was at 5,807.23 up 36.63 points, and the FBMEmas was at 11,750.81 up 120.67 points. Turnover was at 2.072 billion shares valued at RM2.142 […]

October 9, 2015 | By | Reply More
BNM revokes permission, wants 1MDB to repatriate US$1.83b back to Malaysia

BNM revokes permission, wants 1MDB to repatriate US$1.83b back to Malaysia

KUALA LUMPUR: Bank Negara Malaysia has revoked three permissions granted to 1Malaysia Development Bhd (1MDB) under the Exchange Control Act 1953 (ECA) for its US$1.83 billion investments abroad and wanted it to repatriate the amount back to Malaysia and submit a plan to the Bank for this purpose. – BERNAMA

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China Resources unit to sell stakes in Wal-Mart China stores

China Resources unit to sell stakes in Wal-Mart China stores

SHANGHAI: A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 outlets of Wal-Mart Stores Inc around China, a spokesman for the U.S. retailer told Reuters on Friday. State-backed China Resources SZITIC Trust Co Ltd has listed for sale its stakes in the stores for a combined 3.3 billion […]

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Germany's Schaeffler rises in market debut

Germany's Schaeffler rises in market debut

FRANKFURT: German automotive parts maker Schaeffler rose 8 percent in its first day of trading on Friday in one of Germany’s largest initial public offerings (IPO) this year. The shares opened at 13.50 euros, above the issue price of 12.50 euros (US$14.10) apiece, after having been offered in a 12-14 euro range. The flotation follows […]

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Spain says Volkswagen has 'guaranteed' its investment in Spain

Spain says Volkswagen has 'guaranteed' its investment in Spain

MADRID: German carmaker Volkswagen , grappling with a engine-rigging scandal, has guaranteed its investments in Spain, Industry Minister Jose Manuel Soria said on Friday. “I met the chairman of Volkswagen (on Thursday) and he guaranteed (the group’s) investment program in Spain,” he told La COPE national radio the day after meeting newly-appointed VW Chairman Hans […]

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Asia stocks rally as Fed minutes hint at patience on hike

Asia stocks rally as Fed minutes hint at patience on hike

TOKYO: Asian shares rose on Friday, taking their cue from a jump in oil prices and Wall Street gains after minutes of the Federal Reserve’s latest meeting further quelled expectations of an imminent U.S. interest rate hike. Financial spreadbetters predicted bright starts for European bourses, with Britain’s FTSE 100 seen as much as 0.9 percent […]

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S’pore banks urged to curtail loans to haze-linked firms

S’pore banks urged to curtail loans to haze-linked firms

October 9, 2015 The move came in the wake of fires illegally started to clear land for plantations on Sumatra island and the Indonesian part of Borneo, which have shrouded Singapore and Malaysia in acrid smoke since early September. SINGAPORE: An umbrella group of local and foreign banks in smog-hit Singapore has urged members to […]

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No price hike for BMW cars

No price hike for BMW cars

KUALA LUMPUR: BMW Group Malaysia said it has no plans of increasing nor reducing the prices of its vehicles for the time being. “Currently we are not increasing or reducing our price, the group is monitoring the fluctuation of ringgit closely,” BMW Group Malaysia managing director and chief executive officer Alan Harris a press conference […]

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Ringgit poised for biggest rally since 1998

Ringgit poised for biggest rally since 1998

KUALA LUMPUR: The ringgit is geared for its biggest rally since 1998 while stocks rallied due to surging crude oil prices, Bloomberg reported. Reacting to the release of the US Federal Reserve’s minutes for its September meeting which indicated that the U.S. central bank won’t rush to raise interest rates, Asian shares rose and a […]

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Petronas remains committed to Canadian LNG project

Petronas remains committed to Canadian LNG project

October 9, 2015 The project would see Petronas build an export terminal near the British Columbia port city of Prince Rupert, a natural gas pipeline and ongoing gas development. KUALA LUMPUR: Malaysia’s Petroliam Nasional Bhd (Petronas) said it is committed to its Canadian liquefied natural gas (LNG) project despite the tumble in oil and gas […]

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