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Ringgit broadly higher on improved risk appetite

Ringgit broadly higher on improved risk appetite

KUALA LUMPUR: The ringgit closed broadly higher against a basket of major currencies, including the US dollar, today on improved risk appetite for the local note, a dealer said. At 5pm, the ringgit was quoted at 4.3720/3770 against the US dollar from 4.3780/3835 on Monday. The uptrend was in line with the underlying cash market, […]

October 6, 2015 | By | Reply More
Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia ended higher today on persistent buying interest in most heavyweights. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled 14.92 points or 0.91 per cent higher to 1,662.51, after moving between 1,652.50 and 1,662.96 throughout the day. Of the heavyweights, Genting jumped 25 sen to RM7.50, Maybank rose […]

October 6, 2015 | By | Reply More
Ringgit broadly higher on improved risk appetite

Ringgit broadly higher on improved risk appetite

KUALA LUMPUR: The ringgit closed broadly higher against a basket of major currencies, including the US dollar, today on improved risk appetite for the local note, a dealer said. At 5 pm, the ringgit was quoted at 4.3720/3770 against the US dollar from 4.3780/3835 on Monday. The uptrend was in line with the underlying cash […]

October 6, 2015 | By | Reply More
Intel CEO to Keynote at CES 2016

Intel CEO to Keynote at CES 2016

CES is set to be back – bigger and better come 2016! And even more exciting is having Intel CEO, Brian Krzanich, give the preshow keynote address as well, making it the CEO’s third year running. The preshow keynote address will be delivered on Tuesday, 5 January at 6.30 pm, so save it in your […]

October 6, 2015 | By | Reply More
Modi promises German companies easy ride as Merkel visits

Modi promises German companies easy ride as Merkel visits

BANGALORE: Prime Minister Narendra Modi urged German companies on Tuesday (Oct 6) to do business in India and promised tax and other economic reforms, on the final day of Chancellor Angela Merkel’s visit. After the leaders toured a German engineering factory in India’s technology hub of Bangalore, Modi called on the European powerhouse to invest […]

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Shell CEO sees first signs of oil price recovery

Shell CEO sees first signs of oil price recovery

LONDON: Oil markets are beginning to recover but the scale of global oversupply means prices may only rise slowly, the chief executive of Royal Dutch Shell Plc said on Tuesday. “We see the first signs of recovery in oil prices,” Ben van Beurden told an oil industry conference in London “American shale so far has […]

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Mercedes-Benz September sales lifted by 53 percent jump in China

Mercedes-Benz September sales lifted by 53 percent jump in China

FRANKFURT: Daimler’s Mercedes-Benz luxury division increased deliveries by 15.8 percent in September to a record 188,444 cars, buoyed by a 53 percent jump in deliveries in China. Nine-month car sales at Daimler’s flagship brand were up 15.2 percent to 1.38 million autos, the Stuttgart-based manufacturer said on Tuesday. (Reporting by Maria Sheahan; Editing by Victoria […]

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Wall St banks feel equities fee pinch as Chinese competition bites

Wall St banks feel equities fee pinch as Chinese competition bites

HONG KONG: Despite record deal volumes this year, Wall Street banks are earning less when helping companies raise equity in Asia as Chinese rivals increasingly eat away their margins, a Thomson Reuters quarterly survey of investment banking activity shows. Equity listings in the Asia-Pacific region excluding Japan surged 40 percent to a record US$197.2 billion […]

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US warns against ‘egregious’ restrictions in contested South China Seas

US warns against ‘egregious’ restrictions in contested South China Seas

SYDNEY: Some countries appear to view freedom of the seas as “up for grabs” in the South China Sea, imposing superfluous warnings and restrictions that threaten stability, a US Navy commander said on Tuesday in comments apparently aimed at China. Admiral Scott Swift, commander of the US Pacific Fleet, said in a strongly worded address […]

October 6, 2015 | By | Reply More
China’s Country Garden plans debut Islamic bond in M’sia

China’s Country Garden plans debut Islamic bond in M’sia

October 6, 2015 BEIJING: Chinese property developer Country Garden Holdings Company Ltd plans a debut sale of Islamic bonds, or sukuk, from a 1.5 billion ringgit ($343.3 million) programme set up by its Malaysian subsidiary, the Country Garden said in an exchange filing. Sukuk are increasingly being considered as an alternative funding source by Chinese […]

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