Business - The Malaysian Insider

Woes in China, emerging Asia hit 2015 import growth, says World Bank

Global merchandise import growth slowed to 1.7% in 2015 as China's slower growth path and difficulties in commodity exporting countries reduced trade volumes, a World Bank report showed on...

Bargain hunting to lift KLCI, test 1,730 hurdle

Stocks on Bursa Malaysia could trend higher today, lifted by some bargain hunting activities, in line with the overnight gains at most global markets and likely test its next hurdle of...

Oil up again on Opec meeting anticipation

Oil rose on Wednesday, with Brent crude perched above US$40 (RM164.48) a barrel as hopes for a meeting of top producers that could cap output upstaged forecasts that US data due later in the day...

Hup Seng acquires land in Batu Pahat for RM17.5 million

Hup Seng Industries Bhd's (HSIB) unit, Hup Seng Perusahaan Makanan (M) Sdn Bhd, has acquired two pieces of land in Batu Pahat, Johor, from Syarikat Koon Fuat Industries Sdn Bhd for RM17.49...

Palm oil jumps as dry weather seen slashing global output

Malaysian palm oil futures surged on Wednesday as leading industry analysts raised concerns over production due to dry weather in key producing countries and forecast a rally in prices in coming...

BMW clocks up record profit of €6.4 billion in 2015

German top-of-the-range carmaker BMW said on Wednesday it clocked up record sales and profits in 2015 and would increase its dividend payout to shareholders. "The BMW group achieved its sixth...

Bank Negara holds benchmark rate, no change to reserve ratio

Malaysia's central bank maintained its key interest rate at 3.25% on Wednesday as expected, and kept unchanged a reserve requirement ratio that it cut in January. "Overall investment will...

Malaysia trims losses after Bank Negara holds rate

Southeast Asian stock markets were mixed on Wednesday, with Malaysia trimming most early losses after the central bank maintained its policy rate as expected while stocks in Thailand gained more...

Malaysia’s export value, GDP to grow with trade pact, says HSBC

Malaysia's participation in the Trans-Pacific Partnership (TPP) trade agreement will increase the country's export value by 20% per year over the next 10 years compared to the scenario where...

VW shares fall as regulatory probes intensify

Volkswagen shares fell as much as 4% on Wednesday, as an analyst warned the carmaker might need to make a big cut to its dividend to help pay for the growing number of regulatory and judicial...

O&G counters take a beating following crude oil dip

Oil and gas (O&G) counters took a beating on the local exchange today after crude oil price dipped below US$40 (RM164.79) per barrel. JF Apex Research Bhd analyst Lee Cherng Wee said the O&G...

Japan’s Toshiba gives Canon preference for medical unit sale

Japan's Toshiba on Wednesday offered camera maker Canon exclusive rights to buy its medical devices unit, as the engineering giant sells businesses to recover from a major accounting...

KLCI down again on China data

The FBM KLCI fell 1.51 points or 0.1% after China's weaker external trade numbers continue to hit Asian shares. At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of...

Berjaya Auto in spotlight ahead of Q3 results

Berjaya Auto Bhd became Bursa Malaysia's seventh most-actively traded stock in anticipation of the car distributor's third quarter financial announcement on Friday, according to analysts. At...

Cathay Pacific net profit soars, thanks to dive in oil prices

Hong Kong flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and boosted passenger numbers, although global demand dented the cargo...

Crude prices up in Asia but weak Chinese economy weighs

Oil prices rose in Asia on Tuesday but renewed concerns over the global economy limited gains after Chinese exports saw their heaviest fall in nearly seven years. China's exports tanked by more...

Petronas to evaluate overall conditions of Canada LNG project

Petroliam Nasional Bhd (Petronas) and its C$36 billion (RM110 billion) Pacific NorthWest liquefied natural gas (PNW LNG) project shareholders will review the final report and evaluate its...

AirAsia, AirAsia X securities among top actives

AirAsia Bhd and its associate AirAsia X Bhd remained actively traded this morning, with shares and warrant among the top three actively-traded counters. At 11.08am, AirAsia X's warrant (AAX-WA)...

KLCI dips 0.45% as regional markets pull back from highs

The FBM KLCI dipped 0.45% at the midday break today as regional markets fell, with Petronas-linked stocks among the top losers. At 12.30pm, the local index was down 7.59 points to...

Top Glove, Kossan rebound after recent sell down

Gloves stocks Top Glove Corporation Bhd and Kossan Rubber Industries Bhd saw their share prices rebound after their recent sell down, which is deemed overdone by analyst. Top Glove and Kossan...