US-sanctioned company not a semiconductor manufacturer, says Miti
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (Miti) has clarified that a Malaysian company recently sanctioned by the…
FBM KLCI loses early lead on profit-taking pressure
KUALA LUMPUR: The FBM KLCI ended the early session in the red, dashing hopes that the market's positive momentum would…
Stocks in Asia gain on rate-cut wagers, India markets choppy
SINGAPORE: Asian stocks broadly rose on Wednesday, while the dollar was steady as a softening U.S. labour market firmed up…
Elliott rebuilds stake in SoftBank and pushes for US$15bil buyback, FT reports
JAPANESE technology investor SoftBank Group's shares closed at a three-year high on Wednesday after the Financial Times reported that activist investor…
Bursa Malaysia closes lower on profit-taking
KUALA LUMPUR: Bursa Malaysia closed lower, but the key index remained above the 1,600 psychological level. The decline was primarily due to…
Sapura Resources unit to explore collaboration with Nilai Uni
KUALA LUMPUR: Sapura Resources Bhd's wholly-owned subsidiary Sapura Aero Sdn Bhd has inked an agreement with Nilai University to explore…
Stock exchanges told to improve how they deal with outages
LONDON: Stock exchanges and other trading platforms should draw up and make public plans for dealing with outages to provide greater…
Wasco expects better profits in coming quarters with robust order book
KUALA LUMPUR: Wasco Bhd is optimistic in delivering better profits and revenue from its pipe coating, engineering and bioenergy segments…
Wall Street set for higher open as rate-cut expectations tick up
U.S. stock index futures edged up on Wednesday as investors strengthened bets for an imminent start to rate cuts by…