Business - The Malaysian Insider

KLCI, Asian markets fall after China data disappoints

The FBM KLCI dropped 10.07 points or 0.6% after China's weaker external trade numbers hit Asian share markets. At 5pm, the KLCI closed at 1,687.86 points. In China, Hong Kong's Hang Seng was...

Breather for emerging markets as rupiah halts inspiring rally

Indonesia’s rupiah halted its longest run of gains in more than six years on speculation a rally in emerging-market assets was too fast given the lingering concern over the health of the Chinese...

Maybank expects 70% loans growth with second Laos branch

Malayan Banking Bhd (Maybank) expects the opening of its second branch in Laos will further boost its franchise in the country and lift its loans and deposits growth to over 70% and 100%...

Chevron’s Gorgon start-up to hurry along Asian spot LNG trade

Chevron has started up its massive Gorgon LNG project in Australia and will soon be shipping more of the super-chilled fuel into an oversupplied market, eroding producer revenues but also likely...

China hits out at US restrictions on telecom giant ZTE

China today criticised a move by Washington to slap restrictions on one of the country's biggest telecommunications equipment companies, ZTE, for violating US trade sanctions on Iran. The US...

AirAsia X’s immediate resistance seen at 37 sen, says JF Apex Securities

JF Apex Securities Research said AirAsia X Bhd suffered a long downtrend since hitting an intraday high of 72.5 sen back in August 14, 2014 but recently reversed the decline from its record low...

Asian shares retreat on profit-taking, oil eyed

Asian shares fell today as investors took profits after a month-long rally and investors grew wary of the market's near-term prospects ahead of major central bank meetings. Led by China, MSCI's...

KLCI retreats as regional markets dip

The FBM KLCI retreated at the midday break today in line with the profit taking at most regional markets. At 12.30pm, the FBM KLCI fell 5.50 points to 1,692.43. The index had earlier risen to...

Ringgit opens lower against US dollar

The ringgit opened lower against the US dollar on profit-taking activities. At 9.12am, the local unit was quoted at 4.0980/1020 per US dollar versus 4.0950/0000 at 5pm yesterday. The...

Chin Hin top gainer at Bursa debut, eyes double-digit profit growth

Chin Hin Group Bhd shares rose as much as 18.5 sen or 28% to become Bursa Malaysia's top gainer. Shares of building material manufacturer Chin Hin rose to 83.5 sen before paring gains. At...

Survey shows oil prices could rise to US$70 by 2020

Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the oil industry. Brent...

KLCI dips on mild profit taking

The FBM KLCI dipped at morning today and reversed its gains as profit taking halted the advance of the local index. At 10.01am, the FBM KLCI dipped 1.09 points to 1,696.84. The losers...

KLCI inches higher in line with regional uptrend

The FBM KLCI opened higher today in line with the regional uptrend but gains are seen capped on possible profit taking. At 9.01am, the FBM KLCI gained 1.49 points to 1,699.42. The top gainers...

1,700-level still a psychological hurdle for KLCI

The FBM KLCI is expected to trend upward today with the 1,700-point level still a psychological level for the local index as profit taking may limit the gains at the local bourse. Oil prices...

US stocks open lower, pausing from rally mode

Wall Street stocks opened lower today, pausing from the rally of the last three weeks ahead of a much-anticipated European Central Bank meeting. Five minutes into trade, the Dow Jones...

Thailand plans RM8 billion loan programme for first-home buyers

Thailand is expected to roll out a 70 billion baht (RM8.09 billion) soft loan programme for lower-income first-home buyers, a senior finance ministry official said today, as it seeks to stimulate...

Oil ouput freeze already in place, says UAE

Emirati Oil Minister Suhail Mazrouei said today that current market prices are forcing most producers to freeze oil output levels, insisting it made "no sense" to pump more crude. "Current...

Row over UK nuclear plant alarms EDF investors

The resignation of French energy giant EDF's finance chief sent its shares plunging today as concerns grew over the risks of its plan to build a next-generation nuclear plant in Britain. Thomas...

Oil prices extend gains

Oil prices extended gains today, boosted by strong US jobs growth data and a cut in the country's crude drilling activities sparking hopes of an easing in the supply glut. A weaker dollar...

European stocks sink in grey start to week

Europe's stock markets fell today in a poor start to the week, hit by economic gloom and growing doubts over new eurozone stimulus, dealers said. Frankfurt, London and Paris stocks lost about...