Latest
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Economy
China to keep expanding market access
CHINA will step up its efforts to align with high-standard international economic and trade rules, continue to expand market access, and implement measures to ensure national treatment for foreign-funded enterprises, Premier Li Qiang said on Wednesday in Guangzhou, Guangdong province.
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Markets
Asia stocks bounce as soaring dollar pauses
SINGAPORE: Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.
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Corporate News
TSMC's first quarter profit rises 9%, beats forecasts
TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
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Forex
Asia FX gains on respite from dollar strength, equities rally
ASIAN emerging market currencies recovered some lost ground on Thursday, with the South Korean won gaining the most, as the greenback consolidated gains with investors slowly adapting to expectations of U.S. interest rates staying higher for longer.
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Markets
Bursa Malaysia mixed at midday break, key index up
KUALA LUMPUR: Bursa Malaysia turned mixed at the midday break with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.
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Telcos
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
KUALA LUMPUR: Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog.
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Markets
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
KUALA LUMPUR: Sin-Kung Logistics Bhd aims to raise RM26mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia.
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Markets
Smart Asia to issue 93.5mil shares, en route to ACE Market listing
KUALA LUMPUR: Smart Asia Chemical Bhd (Smart Asia) has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.
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Corporate News
Matrade to organise halal showcase in Dubai
KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) is making its maiden attempt to internationalise the Malaysia International Halal Showcase (Mihas) by taking it to Dubai this year.
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Markets
Feytech inks underwriting deal with TA Securities, AmInvestment Bank
KUALA LUMPUR: Feytech Holdings Bhd has entered into an underwriting agreement with TA Securities Holdings Bhd and AmInvestment Bank Bhd for the company's initial pulic offering (IPO) on the Main Market of Bursa Malaysia.
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Forex
Ringgit extends gains to open higher against US$
KUALA LUMPUR: The ringgit extended Wednesday’s gains to open higher against the US dollar today as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.
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Analyst Reports
Loan applications for property take a breather in Feb
KUALA LUMPUR: Recent loan application data released by Bank Negara showed a drop off in loan applications for property purchases in February, on the heels of a robust increase in January.
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Markets
Upsides on Bursa capped by negative global sentiment
KUALA LUMPUR: An extended rebound on Bursa Malaysia was capped on Thursday as investors priced down equities amid a more hawkish outlook on the global interest rate environment.
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Commodities
Oil settles down as demand worries outweigh Mideast supply risks
Oil prices settled down 3% on Wednesday, pressured by a rise in US commercial inventories, weaker economic data from China and US progress on Ukraine and Israel aid bills.
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Markets
US stocks fall as rate uncertainty, earnings weigh
US stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season.
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Analyst Reports
Trading ideas: Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force
KUALA LUMPUR: Corporates making news headlines include Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force.
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Commodities
Vale tops estimates with improved operations
Vale SA, the Brazilian mining giant, produced more iron ore than expected in its first quarter on better operational performance at its biggest mine.
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Energy
State Grid Corp keen on cutting CO2 emissions
State Grid Corp of China, the world’s largest utility which shoulders a dual task of safeguarding the country’s energy security as well as serving as an economic lifeline, has made innovations in helping enterprises develop new quality productive forces and save electricity expenses.
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Energy
China’s nuclear power share in energy mix on the rise
Nuclear power generating capacity in China is expected to continue increasing in the coming years with its share in the country’s energy mix set to keep climbing, according to an industry report.
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Corporate News
Advanced solid-state batteries a mutual ambition of carmakers
Chinese electric vehicle (EV) makers are rapidly adopting solid-state batteries in their latest models, with industry experts anticipating full use of this superior solution for the next generation of batteries by 2030.