Wall Street closes higher for third session on rate cut optimism
US stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that…
Renewed bets on Fed cuts boost KLCI to 1,600
KUALA LUMPUR: Rising global sentiment over renewed bets the US Federal Reserve will cut interest rates this year is keeping…
KLK’s recruitment issues to be short-lived, say analysts
KUALA LUMPUR: The fallout from recent allegations regarding Kuala Lumpur Kepong Bhd's (KLK) recruitment agency in Nepal is likely to…
Ringgit opens higher against US$, other major currencies
KUALA LUMPUR: The ringgit opened slightly higher on Tuesday, driven by mild demand for the domestic note and the weakening…
FBM KLCI pushes past 1,600
KUALA LUMPUR: Malaysia's benchmark stock index continued to ride the positive momentum higher as foreign funds returned amid expectations of…
Amazon to spend nearly US$9bil to expand cloud infra in Singapore
AMAZON.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in…
UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
Asia shares rise on rate cut bets; Aussie slips on RBA
SINGAPORE: Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while a weaker yen and…
Pekat unit in negotiations over purchase of stake in electrical power solutions firm
KUALA LUMPUR: Pekat Group Bhd's wholly-owned subsdiary Pekat Teknology Sdn Bhd has entered into negotiations with Apex Power Industry Sdn…