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Bursa Malaysia ends higher supported by banking, plantation stocks

August 13, 2022
The FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.63 of-a-point to end the week at 1,506.19 compared with yesterday’s close of 1,505.56, as gains were...

Saifuddin: Malaysia, Qatar to cooperate in Islamic financing, digital economy

August 13, 2022
Foreign Minister Datuk Seri Saifuddin Abdullah and Qatar’s Deputy Prime Minister who is also the Foreign Affairs Minister Sheikh Mohammed bin Abdulrahman Al-Thani during a...

US House set to give Biden huge win with US$430b bill on climate, drug prices

August 13, 2022
US Rep. Pramila Jayapal (D-WA), chair of the Congressional Progressive Caucus, and other caucus members hold a news conference in advance of the expected House...

Ukraine in default according to Fitch and S&P

August 13, 2022
Fitch cut the country’s long-term foreign currency rating to ‘RD’ from ‘C,’ as it deems the deferral of debt payments as a completion of a...

Audi, Porsche, Kia say US EV buyers will lose tax credit under legislation

August 13, 2022
The bill makes any electric vehicles assembled outside North America ineligible for tax credits, which has brought criticism from the European Union, South Korea and...

Global stocks rise, US yields fall as inflation slows

August 13, 2022
All three main Wall Street indexes ended higher, making it the fourth straight week of gains, driven by stocks in technology, healthcare, communication services, consumer...

Key Ukrainian adviser says new, US$5b IMF loan would reassure other creditors

August 13, 2022
The revised plan would be modelled on a financing package agreed in 2015, after Russia’s invasion of the Crimea region of Ukraine, that included US$17.5...

Stronger US dollar down for the week as clues point to inflation peak

August 13, 2022
The greenback’s turnaround followed a steady drumbeat from Fed officials who made clear they would continue to tighten. — Reuters pic Saturday, 13 Aug 2022...

Five Chinese state-owned companies, under scrutiny in US, will delist from NYSE

August 13, 2022
US-listed shares of China Life Insurance and oil giant Sinopec fell 3.06 per cent and 3.22 per cent respectively yesterday. — Reuters pic Saturday, 13...

Soft landing hopes for US economy brighten outlook on stocks

August 13, 2022
In the past week, bullish sentiment reached its highest level since March, according to a survey from the American Association of Individual Investors. — AFP...

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