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Kerry says Pacific trade pact must stay on track

Kerry says Pacific trade pact must stay on track

HANOI: U.S. Secretary of State John Kerry expressed the need to forge ahead to “finish the job” on anambitious Trans-Pacific Partnership (TPP) during a meeting with Vietnam’s president on Friday, a week after lengthy talks in Hawaii ended with no deal. Pacific Rim trade ministers failed to strike an agreement last week to free up […]

August 7, 2015 | By | Reply More
G20 market cap at all-time high of RM431b, says Najib

G20 market cap at all-time high of RM431b, says Najib

KUALA LUMPUR, Aug 7 — The market capitalisation of G20 or the top 20 government-linked companies (GLCs) almost trebled to RM386 billion from RM134 billion for the period May 2004 to July 2015, hitting an all-time high of RM431 billion on April 7, 2015, says Prime Minister Datuk Seri Najib Tun Razak. Over the same […]

August 7, 2015 | By | Reply More
New load planning & route optimisation features in Kale's Transportation & Fleet Management System – HELIOS

New load planning & route optimisation features in Kale's Transportation & Fleet Management System – HELIOS

Kale introduces new load planning & route optimisation feature in its Transportation & Fleet Management Software- HELIOS, which is a proven web-based application being used by Global Transporters of all sizes.   Mumbai, Aug 7: Kale Logistics Solutions announced on Jul 28, that it has added automated load planning & route optimisation functionality to its […]

August 7, 2015 | By | Reply More
Bursa Malaysia remains lower at mid-morning

Bursa Malaysia remains lower at mid-morning

KUALA LUMPUR: Bursa Malaysia remained lower at mid-morning today, dragged down by losses in selected heavyweights, dealers said. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.93 points lower at 1,681.71. Top losers were British American Tobacco which fell RM1.16 sen to RM63.06, Nestle slid 50 sen to RM72.00, Petronas Gas decreased […]

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Gold heads for worst weekly run in more than a decade

Gold heads for worst weekly run in more than a decade

BEIJING, Aug 7 — Gold held a weekly decline marking its worst run in 11 years before a US payrolls report that will guide the Federal Reserve in determining when to raise interest rates. Bullion for immediate delivery was at US$1,089.30 (RM4,284.39) an ounce by 10.58am in Singapore from US$1,089.55 yesterday, when prices gained 0.4 […]

August 7, 2015 | By | Reply More
China funds have 1 trillion yuan to buy stocks, says state media

China funds have 1 trillion yuan to buy stocks, says state media

SHANGHAI, Aug 7 — Close to 300 China funds that oversee more than one trillion yuan (RM633 billion) are sitting on the sidelines with “ammunition” to enter the stock markets at any time, the Shanghai Securities News reported today, citing its own calculations. The report is the latest attempt by China’s state media to restore […]

August 7, 2015 | By | Reply More
Singapore Q2 final GDP seen to have contracted 4.6pc

Singapore Q2 final GDP seen to have contracted 4.6pc

SINGAPORE, Aug 7 — Singapore’s final second-quarter gross domestic product likely contracted 4.6 per cent from the previous quarter on an annualised basis, in line with the government’s earlier estimate, a Reuters poll showed. The median forecast in a Reuters survey of 11 economists also showed that GDP probably expanded 1.5 per cent in the […]

August 7, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as foreign banks continued to offload the currency, a trader said. At 9.02am, the ringgit was quoted at 3.9155/9185 against the greenback from 3.9005/9035 at 5 pm yesterday. “The ringgit breached the 3.9000 per dollar for the first time since the Asian financial crisis 17 […]

August 7, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower Friday on lack of catalyst in line with the overnight decline of US shares, a dealer said. At 9.59am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.49 points down at 1,679.15, after opening 2.31 points easier at 1,692.33. A dealer told Bernama that US employment data, due […]

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Klibor futures untraded as at 10am

Klibor futures untraded as at 10am

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded as at 10am. August 2015, September 2015, October 2015 and December 2015 remained pegged at 96.29, 96.30, 96.30 and 96.30, respectively. Volume was nil while open interest stood at 964 contracts.–BERNAMA

August 7, 2015 | By | Reply More