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Argentina and Saudi Arabia to be added to MSCI emerging markets index

Argentina and Saudi Arabia to be added to MSCI emerging markets index

For Saudi Arabia, there is high anticipation over the market listing of state-controlled energy company Aramco, which could be the largest publicly-traded company globally. The MSCI logo is seen in this June 20, 2017 illustration photo. (Reuters pic) NEW YORK: Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and […]

June 21, 2018 | By | Reply More
Shuli Ren: Nightmare on China’s Wall Street part II. Be afraid

Shuli Ren: Nightmare on China’s Wall Street part II. Be afraid

Where China is unique, though, is in authorities’ exaggerated attempts to calm nerves. Not Alone. (Bloomberg pic) HONG KONG: The nightmare is returning, three years after China’s last futile attempt to save its stock market. On Tuesday, 1,023 companies fell by the daily 10% limit amid concerns over escalating trade conflict with the US Already among the […]

June 21, 2018 | By | Reply More
TM among top losers after broadband price cut announcement

TM among top losers after broadband price cut announcement

TM shares sank 35 sen or 9.64% to RM3.28 this morning from yesterday’s close of RM3.63. Telekom Malaysia Bhd (TM). (Telekom Malaysia pic) KUALA LUMPUR: Telekom Malaysia Bhd (TM) was the third biggest loser on Bursa Malaysia this morning, following news that Malaysia’s broadband price is expected to fall by at least 25% by year-end. […]

June 21, 2018 | By | Reply More
Corporate impact for change

Corporate impact for change

You could refer to children of today as homeys of the digital world as the internet is unquestionably part of their lives. Evidently, this puts these young ones at high risk of falling prey to cyber crimes and other negative online experiences. With this knowledge and to the theme “Champions for Children”, some 300 Dentsu […]

June 21, 2018 | By | Reply More
Ringgit easier against US dollar in early trade

Ringgit easier against US dollar in early trade

KUALA LUMPUR: The ringgit opened easier against the US dollar this morning, prompted by the stronger greenback on growing optimism over higher US interest rates, a dealer said. At 9am, the ringgit was quoted at 4.0060/4.0090 against the US dollar from 4.0040/0070 at yesterday’s close. The safe-haven currency soared to a near 11-month high last […]

June 21, 2018 | By | Reply More
Bursa Malaysia opens higher, but retreats thereafter

Bursa Malaysia opens higher, but retreats thereafter

KUALA LUMPUR: Bursa Malaysia opened higher, but retreated thereafter today, amid the mixed performance of regional peers and as markets remained uncertain about the US-China trade spat. At 9.05am today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.18 points lower at 1,706.57 from Wednesday’s close of 1,709.75. The index opened 0.69 of-a-point better […]

June 21, 2018 | By | Reply More
Senators cite ZTE progress but no deal after Trump meeting

Senators cite ZTE progress but no deal after Trump meeting

Trump had agreed to lift crippling US sanctions, which threatened to put China’s second-largest telecom equipment maker out of business, after a personal plea from China’s president, Xi Jinping. John Cornyn. (Bloomberg pic) WASHINGTON: Several GOP lawmakers said they and President Donald Trump made progress Wednesday toward a compromise that would let Chinese telecommunications giant […]

June 21, 2018 | By | Reply More
US sanctions on Iran crude stir up a corner of the oil market

US sanctions on Iran crude stir up a corner of the oil market

Refiners in South Korea, a US ally as well as one of Iran’s largest customers, are shunning a type of oil known as condensate from the Islamic Republic to feed the nation’s petrochemical plants. The crude oil tanker ‘Devon’ sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in […]

June 21, 2018 | By | Reply More
Oil prices dip as Iran signals support for small OPEC supply increase

Oil prices dip as Iran signals support for small OPEC supply increase

Brent crude futures, the international benchmark for oil prices, were at $74.55(RM298.95) per barrel at 0040 GMT, down 19 cents, or 0.3%, from their last close. An oil pump jack is seen at sunset near Midland, Texas, US. (Reuters pic) SINGAPORE: Oil prices fell on Thursday as Iran signalled it could be won over to […]

June 21, 2018 | By | Reply More
Zuckerberg on Cusp of Topping Buffett With Facebook at $200

Zuckerberg on Cusp of Topping Buffett With Facebook at $200

The recovery in Facebook shares has rewarded other insiders as well, including Chief Operating Officer Sheryl Sandberg, who’s now worth $1.8 billion(RM7.2 billion), and Chief Technology Officer Michael Schroepfer, whose 0.05% holding is valued at $225 million(RM902 million). Mark Zuckerberg. (Bloomberg pic) NEW YORK: Facebook Inc. co-founder Mark Zuckerberg came within a whisker of leapfrogging […]

June 21, 2018 | By | Reply More