KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher in early trade today supported by some buying demand in selected blue-chips.
KUALA LUMPUR: The ringgit opened higher against the US dollar this morning on renewed buying interest, a dealer said.
NEW YORK: US stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.
KUALA LUMPUR: The International Monetary Fund (IMF) said Malaysia’s growth prospects remain strong but structural reforms may be required to maintain the performance, especially against a backdrop of weaker growth in advanced economies.
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) indirect subsidiary, Contraves Advanced Devices Sdn Bhd, has been awarded a £3.88 million (RM20.37 million) contract by Boustead Naval Shipyard Sdn Bhd to supply combat system equipment and related services.
KUALA LUMPUR: Malaysian credit-reporting agency, CTOS Data Systems, will collaborate with California-based Fair Isaac Corp (FICO) to roll out a FICO credit score to financial institutions early next year, according to a report by Wall Street Journal (WSJ) yesterday.
KUALA LUMPUR: BIMB Holdings Bhd, which controls Bank Islam Malaysia Bhd, has posted a net profit of RM125.2 million in the third quarter ended September 30, up 66 per cent from RM75.4 million in the same quarter a year ago.
LONDON: Brent crude oil prices steadied around US$80 a barrel yesterday, ahead of a meeting of Opec oil producers to decide on production levels for next year.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$20,200 a tonne yesterday, despite lower price of the metal on the London Metal Exchange, said a dealer.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday.
AUTOMOTIVE exports are inadequate and need to be stepped up if the industry wants to remain competitive in an environment where economic giant China is edging up as an important exporter.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended higher yesterday, ahead of the release of US economic data and the Swiss referendum on central bank gold reserves.
KUALA LUMPUR: Locally-assembled electric vehicles (EVs) with a less than RM100,000 on-the-road price tag may be made available to the Malaysian market in three years’ time.
KUALA LUMPUR: The ringgit erased its gains to close lower yesterday against the US dollar on lack of buying support for the local unit.
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