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Ringgit hits 4.1520, weakest in more than two months

KUALA LUMPUR: The ringgit fell by 0.29% to close at 4.1520 versus the US dollar today - its lowest since Dec 12,...

Asking prices remain on downtrend, PropertyGuru index shows

PETALING JAYA: Developers and owners across the board are tempering their expectations as the industry adjusts to the closing of the Home Ownership...

HSBC to shrink investment bank, axe 35,000 jobs over three years

HONG KONG/LONDON: HSBC Holdings PLC said today it would shed US$100 billion (RM415 billion) in assets, shrink its investment bank and revamp...

HSBC cuts bonuses and senior managers in strategy overhaul

LONDON/HONG KONG: HSBC’s management ranks face uncertainty over jobs and pay in the lender’s most radical overhaul in years, as it seeks to...

CTOS launches fraud protection service with dark web monitoring

PETALING JAYA: CTOS has launched its fraud protection and credit monitoring service, SecureID to address the problem of identity theft, fraud and scams,...

Kenanga IB, Petronas launch scheme for oil & gas players keen on doing IPO

PETALING JAYA: Kenanga Investment Bank Bhd and Petroliam Nasional Bhd (Petronas) have signed a memorandum of understanding (MoU) to collaborate in the...

IOI Corp second-quarter earnings up 9%

PETALING JAYA: IOI Corp Bhd’s net profit for the second quarter ended Dec 31 rose 9.2% to RM213.5 million, from RM195.5 million in...

Berjaya Sports Toto posts RM61.9m profit for Q2, declares 4 sen dividend

PETALING JAYA: Berjaya Sports Toto Bhd (BToto) posted a net profit of RM61.94 million for its second quarter ended Dec 31, 2019...

InNature posts lower Q4 net profit

PETALING JAYA: InNature Bhd, which is scheduled to be listed on the Main Market of Bursa Malaysia on Thursday, saw its net profit...

E&O returns to black in Q3, but hotel occupancy adversely affected by Covid-19 outbreak

PETALING JAYA: Eastern & Oriental Bhd (E&O), which returned to the black in the third quarter ended Dec 31, 2019, said the...

Frontken posts lower Q4 earnings on higher taxation

PETALING JAYA: Semiconductor firm Frontken Corp Bhd reported a net profit of RM18.20 million for its fourth quarter ended December 31, 2019, a...

Singapore unveils $4.5 bln package to tackle virus outbreak

SINGAPORE: Singapore on Tuesday announced financial packages worth around $4.5 billion to help contain the coronavirus outbreak in the city-state and weather...

Enhance cross-border infrastructure to facilitate investment, trade: Mustapa

KUALA LUMPUR: The cross-border infrastructure between Malaysia and Thailand would need a major upgrade to facilitate trade and investment flows. Newly appointed Bumiputera...

Moody’s: Covid-19 weakens demand, disrupts supply chains in Asia-Pacific

KUALA LUMPUR: Moody’s Investors Service opines that the Covid-19 outbreak adds to other pressures on growth in Asia Pacific, with the impact...

Coronavirus slows China’s Belt and Road push

WHEN President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of...

FBM KLCI ends almost flat, broader market lower in choppy trading

KUALA LUMPUR: The FBM KLCI ended almost flat today in choppy trading but the broader market was lower as profit-takers triumphed over bargain-hunters,...

Euro edges lower on economic pessimism, Aussie hit by rate outlook

TOKYO: The euro fell towards a three-year low versus the dollar ahead of a highly watched German survey on Tuesday, which is expected...

Oil prices slip as coronavirus concerns linger

SINGAPORE: Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on...

Nissan CEO sees earnings, cashflow under pressure this business year

YOKOHAMA: Nissan Motor Co Chief Executive Makoto Uchida on Tuesday said he expects weak global car sales to keep the Japanese automaker's...

Consumer confidence slips in Q4 but still optimistic

KUALA LUMPUR: Despite the fifth consecutive quarter of decline, Malaysian consumers remained largely optimistic in the fourth quarter last year (Q4 2019), based...

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