Wed, 21 Aug 2019, 4:27 AM
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Topic: Analysts

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Hong Kong stocks ended lower on Tuesday as investors locked in profit after a four-day winning streak following Beijing's interest rate reform, which boosted riskier assets and tempered recession fears.
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LONDON, Aug 20 ― Euro zone rates edged lower today as markets continued to focus on the prospect of fiscal stimulus in Germany and verbal easing from ECB policymaker Olli Rehn.
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SHANGHAI: China and Hong Kong stocks barely moved on Tuesday as investors took a breather and pondered the extent and impact of Beijing's interest rate reform.
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PETALING JAYA: Khazanah Nasional Bhd says it has submitted a proposal on toll highways to the government alongside several other proposals from various parties.
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PETALING JAYA: Khazanah Nasional Bhd says it has submitted a proposal on toll highways to the government alongside several other proposals from various parties.
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The People’s Bank of China’s (PBOC) “imminent” move to launch the country’s own sovereign digital currency underlines the central bank’s urgency to tighten its grip on the nation’s depos...
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BORROWING costs will get lower for companies in China starting Tuesday through a key interest rate reform brought out by the People's Bank of China, the central bank, to maintain economic momentum amid the continuing trade friction with the United States.
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KUALA LUMPUR, Aug 19 — Analysts opined that if controversial Islamic preacher Dr Zakir Naik were told to leave Malaysia, tensions might subside; but will not be enough to resolve issues which have b...
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KUALA LUMPUR, Aug 16 — Bursa Malaysia remained in negative mood at midday, as investors stayed on the sidelines, awaiting Malaysia’s second quarter full results and the first half gross domes...
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SYDNEY, Aug 16 — Asian shares were heading for weekly losses today as conflicting messages on the Sino-US trade war only added to worries for the global economy, while talk of aggressive central ban...
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SYDNEY: Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank sti...
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KUALA LUMPUR, Aug 15 — Bursa Malaysia remained in negative territory at mid-afternoon due to continuous selling across the board and dragged down mainly by losses in finance-linked heavyweights.
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KUALA LUMPUR: Malaysia’s consumer price index rose 1.4% in July from a year earlier, a bit slower than the previous month, government data showed.Economists surveyed by Reuters had forecast for the index to climb 1.5% year-on-year in July, matching the pace in June.
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BRUSSELS, Aug 14 — Economic growth in the 19-country eurozone slowed to 0.2 per cent in the second quarter of 2019, after expanding 0.4 per cent in the first, official data showed today.
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KUALA LUMPUR, Aug 14 ― Bursa Malaysia continued to sing the blues during mid-afternoon today, backed by a strong uptake almost across the board since morning.
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BEIJING: China reported a raft of unexpectedly weak July data on Wednesday, including a surprise drop in industrial output growth to a more than 17-year low, underlining widening economic cracks as the trade war with the United States intensifies.
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BEIJING, Aug 14 ― China reported a raft of unexpectedly weak July data today, including a surprise drop in industrial output growth to a more than 17-year low, underlining widening economic cracks a...
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TOKYO, Aug 13 ― Asian shares fell today as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold...
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TOKYO: Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
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ZURICH: ABB chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after it announced Sandvik boss Bjorn Rosengren would become its next chief executive.
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HOUSTON: Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.
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BEIJING, Aug 12 — China’s banks extended surprisingly fewer new loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease pol...
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RIYADH, Aug 12 — Saudi state-owned energy giant Aramco said today its first half net income for 2019 had slipped nearly 12 per cent to US$46.9 billion, a first such disclosure for the secretive comp...
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ANALYSTS are generally positive on the full-year financial performance of Sunway REIT (SunREIT) after it posted fourth quarter results for its financial year ending 2019 with buy and hold calls from several of them.
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The US government’s decision to label China a currency manipulator after Beijing allowed the yuan to weaken past the symbolic 7-per-dollar level has raised questions about how tightly managed the currency is, and its true value.The following explains the working of China’s currency regime.
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FRANKFURT, Aug 9 — Kenneth Feinberg, the court-appointed mediator between chemical and pharma giant Bayer and thousands of plaintiffs claiming the herbicide glyphosate gave them cancer, today denied...
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KUALA LUMPUR (Aug 9): The FBM KLCI today closed 0.97 point or 0.06% lower after an 11th-hour plunge while volume across Bursa Malaysia slipped below two billion shares.
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LONDON, August 9 — The pound was steady today after yesterday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in the days after B...
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KUALA LUMPUR (Aug 9): DBS Bank reinstated coverage of Petronas Chemicals Group Bhd, with a recommendation of fully valued, Bloomberg reported today.
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NEW YORK, Aug 9 ― Uber Technologies Inc reported a US$5.2 billion (RM21.7 billion) loss and revenue that fell short of Wall Street targets yesterday as growth in its core ride-hailing business slowe...
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NEW YORK, Aug 8 — Samsung unveiled a new version of the Galaxy Note smartphone yesterday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumpi...
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BEIJING, Aug 8 — China’s exports unexpectedly returned to growth in July despite escalating US trade pressure, but the rebound may be short-lived as Washington prepares to impose even more tariffs...
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HONG KONG, Aug 7 ― Hong Kong's flagship airline Cathay Pacific warned today that increasingly violent protests in the financial hub had hit booking demand.
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SEOUL, Aug 7 ― South Korean tech giant Samsung Electronics, the world's biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said today ...
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North Korea fired missiles into the sea off its east coast for the fourth time in less than two weeks, South Korea said today, as Pyongyang warned that hostile moves against it "have reached the dange...
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SINGAPORE, Aug 6 — The share prices of Singapore-listed companies with significant operations in Hong Kong took a tumble yesterday amid ongoing unrest in the city.
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KUALA LUMPUR (Aug 5): Analysts are expecting the ringgit's performance to remain weak in light of heightened trade tensions between the US and China after President Donald Trump threatened to impose m...
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KUALA LUMPUR: After a long wait, Press Metal Aluminium Holdings Bhd shareholders can finally look forward to a third aluminium smelter plant in Samalaju.
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NEW YORK, Aug 3 — Berkshire Hathaway Inc today said its quarterly operating profit fell more than analysts expected, as weaker results from insurance underwriting and a slowing economy weighed on th...
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WASHINGTON, Aug 2 — America’s mammoth trade deficit held steady in June as foreign demand for US goods and services weakened across the board, according to government data released today.
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FRANKFURT AM MAIN, Aug 2 — German insurer Allianz today reported rising profits in the second quarter thank to a windfall in its life insurance arm, allowing it to confirm its outlook for the full y...
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KUALA LUMPUR (Aug 2): JPMorgan analyst Harsh Wardhan Modi upgraded the recommendation on Malayan Banking Bhd (Maybank) to neutral from underweight, Bloomberg reported.
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SHANGHAI, Aug 1 ― US and Chinese negotiators have agreed to further meetings next month after brief talks in Shanghai resurrected discussions on ending the trade war between the world's two biggest ...
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HONG KONG, Aug 1 ― Asian factory activity contracted further in July, fuelling worries that a Sino-US trade war and a slowdown in China could tilt the world towards a global recession, which central...
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NEW YORK, Aug 1 ― Wall Street had a mixed reaction yesterday after the expected interest rate cut by the US Federal Reserve, the first in a decade, failed to impress investors.
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NEW YORK, July 31 — Wall Street stocks edged higher early today, buoyed by strong Apple earnings and expectations that the Federal Reserve will cut interest rates later in the session.
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HONG KONG, July 31 — Hong Kong’s economy remained sluggish in the second quarter amid the ongoing US-China trade dispute, government figures released today showed, as weeks of civil unrest threate...
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FRANKFURT, July 30 — Germany’s Bayer has warned that its 2019 earnings target has become harder to reach, becoming the latest agricultural supplies company to be affected by flooded US farms and t...
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NEW YORK, July 29 — Pfizer announced today it will merge its off-patent drug business with generic drugmaker Mylan to create a global leader in low-cost treatment, a business that faces significant ...
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MOSCOW, July 29 — Shares in Yandex, Russia’s answer to Google, fell by more than 3 per cent today after a draft law proposed limiting foreign ownership in “significant” Russian IT companies to...
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LONDON, July 29 — Amsterdam-based online food delivery firm Takeaway.com has agreed to buy Just Eat in an all-share deal valuing the combined group, which will be one of the sector’s largest, at a...
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SINGAPORE: DBS Group Holdings Ltd beat market estimates with a 17% increase in second-quarter profit as rising interest rates in Singapore and Hong Kong pushed the biggest Southeast Asian lender's net interest income to a record high.
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LONDON: Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company.
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THE 42-acre Malaysia-owned Battersea Power Station looks set to attract investors globally as the outlook for the London property market is expected to be bright over the longer term.
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WASHINGTON, July 26 — The American economy hit the brakes in the second quarter, as activity declined in an increasingly skittish industrial sector and exports fell, but the US continues to outperfo...
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Huawei Technologies on July 26 released its first 5G phone in China and said it would soon launch smart TVs equipped with its own Hongmeng operating system.
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LONDON: Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company.
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HO CHI MINH CITY, July 26 ― For Tran Nhu Tung, Vietnam's newly signed free trade deal with the European Union presents both huge opportunity, and a logistical headache.
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SAN FRANCISCO, July 26 ― Amazon.com Inc yesterday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending on one-day ...
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SAN FRANCISCO, July 26 ― Alphabet Inc shares rose 9 per cent after the company reported quarterly results that eased investors' concerns about the growth challenges facing its Google advertising bus...
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KUALA LUMPUR (July 25): J.P. Morgan analyst Mak Hoy Kit downgraded the recommendation on Genting Plantations Bhd to neutral from overweight, Bloomberg reported.
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NEW YORK: Oil prices fell 1% on Wednesday, failing to draw lasting support from a large decrease in U.S. crude stockpiles as investors worried about global oil demand.
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KUALA LUMPUR (July 24): The FBM KLCI closed 3.26 points or 0.2% lower at 1,652.41 today, possibly on foreign selling and as investors appeared to favour Bursa Malaysia small market capitalisation (sma...
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TOKYO: Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, as profit continues to plunge while...
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FRANKFURT: Deutsche Bank said on Wednesday the German lender posted a larger-than-forecast loss of 3.15 billion euros (US$3.51 billion) in the second quarter due to major restructuring costs.
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IN a rare move, Bank Negara Malaysia has allowed merger talks between two lenders to go on beyond six months — a development analysts say may signal that the central bank is keen to facilitate banki...
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KUALA LUMPUR (July 24): Goldman Sachs analyst Miang Chuen Koh downgraded the recommendation on Telekom Malaysia Bhd (TM) to sell from neutral, Bloomberg reported.
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NEW YORK, July 23 — US stocks rose today boosted by better-than-expected earnings and forecast raises from blue-chip companies including Coca-Cola and United Technologies, soothing concerns over the...
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North Korean leader Kim Jong Un inspected a large newly built submarine, state news agency KCNA reported today, potentially signalling continued development of a submarine-launched ballistic missile (...
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KUALA LUMPUR (July 23): KAF Seagroatt & Campbell analyst Shafiq Kadir has downgraded the recommendation on Telekom Malaysia Bhd (TM) to hold from buy, Bloomberg reported today.
Tech in Asia:
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Trading on Star Market, the new Nasdaq-like tech board of the Shanghai Stock Exchange, has begun today, with the 25 stocks listed gaining 160% on average by midday, CNN reported.
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LONDON, July 22 ― European shares were flat to marginally higher in early trading today, with Italian shares recovering some ground after a bout of selling driven by political nerves as all eyes mov...
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KUALA LUMPUR (July 22): Malaysia's consumer prices likely rose at their fastest pace in more than a year in June, a Reuters poll showed on Monday, as the effects of tax policy changes introduced in 20...
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PETALING JAYA: Pakatan Harapan will lose the next general election if the infighting is not contained, says Lim Kit Siang.
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Differing values of the new AirAsia
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REVIEW: With the US corporate earnings season picking up pace, the domestic equity market has had a hard time holding on to the bullish sentiment.
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PETALING JAYA: The National Patriots Association (Patriot) has called on Parti Amanah Negara, Parti Pribumi Bersatu Malaysia and DAP leaders to mediate the feud between PKR's Datuk Seri Anwar Ibrahim and Datuk Seri Azmin Ali before it leads to the destruction of the Pakatan Harapan coalition.
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KUALA LUMPUR: A sacked PKR leader is trying to start a “Say no to Anwar” campaign, claiming that Datuk Seri Anwar Ibrahim is not prime minister material.
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JAKARTA: Indonesia’s central bank cut its benchmark interest rate for the first time since September 2017, ahead of an anticipated Federal Reserve cut late this month, as it tries to help lift economic growth.
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JAKARTA: Indonesia's central bank on Thursday cut its benchmark interest rate for the first time since September 2017, ahead of an anticipated Federal Reserve cut late this month, as it tries to help lift economic growth.
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KUALA LUMPUR (July 18): Nomura initiated coverage of KPJ Healthcare Bhd with a recommendation of buy.
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KUALA LUMPUR (July 18): Maybank Kim Eng analyst Wong Wei Sum upgraded the recommendation on UEM Sunrise Bhd to buy from hold.
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NEW YORK: Netflix Inc said on Wednesday it lost US streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
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AT Baidu’s annual Create AI Developer Conference in Beijing last Tuesday, co-founder and CEO Robin Li was delivering his opening address, talking about driverless cars when a young man burst onto th...
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LONDON, July 17 — The euro fell to a one-week low against the dollar today and towards the lower end of this year’s trading range, weighed down by expectations of monetary policy easing and invest...
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Internet searches for “Cancelling Amazon Prime” were 18 times higher on July 15 – the beginning of Amazon.com Inc’s two-day sale – than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer.
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ZURICH: Swatch Group AG reported a decline in first-half profit as the maker of Omega and Tissot timepieces cracked down on unauthorized sales by retailers that have eroded its pricing power.
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(July 17): Macquarie analyst Ben Shane Lim downgraded the recommendation on Inari Amertron Bhd to underperform from neutral.
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SYDNEY, July 17 — Asian shares drifted lower today after a lacklustre performance by Wall Street, while the US dollar got a lift from robust US retail data and a Brexit-driven dive in the pound.
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NEW YORK: United Airlines Holdings Inc on Tuesday reported a bigger-than-expected increase in second-quarter profit, driven by strong air travel demand and the ability to charge more for seats after the grounding of Boeing Co's 737 MAX reduced capacity.
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PETALING JAYA: The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).
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KUALA LUMPUR (July 16): The FBM KLCI closed down 3.43 points or 0.21% as investors appeared to favour Bursa Malaysia's lower liner and small market-capitalisation (small cap) stocks over large cap ent...
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Notable filings BETWEEN June 24 and 28, notable filings of shareholding changes included those at Metronic Global Bhd.
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HONG KONG: The Hong Kong dollar rose for the first time in eight sessions, rebounding from its weakest since mid-June, as short sellers were seen taking profits.
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Chinese livestreaming platform Inke said it acquired interest-based social app Jimu for US$85 million, Technode reported. The acquisition will help Inke enter the stranger-socializing market and exp...
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KUALA LUMPUR (July 15): The FBM KLCI was lifted by last minute gains in index-linked counters, closing 0.17% higher after spending most of the day in the red.
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(July 15): HSBC analyst Piyush Choudhary downgraded the recommendation on Axiata Group Bhd to Hold from Buy.
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China’s economic growth slowed to 6.2 percent in the second quarter from a year earlier, the weakest in at least 27 years, as demand at home and abroad faltered as the United States ratcheted up tra...
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BEIJING, July 15 — China’s economic growth slowed to 6.2% in the second quarter from a year earlier, the weakest in at least 27 years, as demand at home and abroad faltered as the United States ra...
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BEIJING, July 15 — China’s industrial output grew 6.3% in June from a year earlier, official data showed today, picking up from May’s 17-year low and handily beating market expectations.