Latest
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Commodities
Gold prices hit 2-1/2-week low as Middle East tensions ease
GOLD prices touched a more than two-week low on Tuesday, dragged by easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key data for fresh clues on the U.S. interest rate trajectory.
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Energy
Oil prices stabilise, Middle East tensions remain in focus
NEW DELHI: Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
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Property
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
PETALING JAYA: Master Community Developer, Sunway Property, has opened its sales gallery for its newest Signature Home, Sunway Velocity 3, recently and will be previewing the first phase of the development on May 4.
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Property
More funding needed for developers
THERE is a pressing need for the central government to provide funding support for the resolution of real estate developer debt risk as it remains the biggest soft spot in China's economy, experts at a top think tank said on Monday.
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Banking
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
SINGAPORE: Citigroup said on Tuesday that it has appointed Amit Dhawan as the head of Citi Commercial Bank for Singapore, effective Monday, according to a statement.
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Insight
Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now
THERE are growing fears of yet another conflict in the Middle East. OPEC+ is keeping a tight rein on supplies. And growth outlook in improving in some key global economies.
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Corporate News
Cypark's LSS3 hybrid solar plant achieves initial operations
KUALA LUMPUR: Cypark Resources Bhd has announced its 100MWac Large Scale Solar 3 hybrid solar plant in Merchang, Terengganu, achieved initial operations on April 21, 2024.
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Markets
Asian shares extend gains ahead of tech earnings, yen fragile
SYDNEY: Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.
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Economy
Singapore March core inflation at 3.1% y/y, below forecast
SINGAPORE: Singapore's key consumer price gauge rose 3.1% in March on a yearly basis, lower than economists' forecasts, official data showed on Tuesday.
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Commodities
Oil prices stabilise, Middle East tensions remain in focus
NEW DELHI: Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
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Forex
Japan issues strongest warning yet on readiness to intervene in currency market
TOKYO: Japanese Finance Minister Shunichi Suzuki said last week's meeting with his U.S. and South Korean counterparts has laid the groundwork for Tokyo to act against excessive yen moves, issuing the strongest warning to date on the chance of intervention.
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Markets
FBM KLCI extends rebound
KUALA LUMPUR: Malaysia's stock benchmark continued its recovery on Tuesday after four days of gains as investors moved past disappointing US inflation data to focus on the coming corporate earnings period.
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Forex
Ringgit opens slightly easier against US$ ahead of macro data
KUALA LUMPUR: The ringgit lost ground slightly against the US dollar as the market awaits more macro data releases this week, including the US advance gross domestic product (GDP) for the first quarter and March Personal Consumption Expenditures (PCE) data to gauge the future interest rate outlook.
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Stock on the Move
Topmix jumps 32% on ACE Market debut
KUALA LUMPUR: Shares in Topmix Bhd opened at 41 sen a share on its trading debut, representing a 32.3% or 10 sen premium over its initial public offering (IPO) price on the ACE Market of Bursa Malaysia.
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Corporate News
Ancom Logistics to acquire environment solutions firm in RM120mil deal
KUALA LUMPUR: Ancom Logistics Bhd (ALB) has proposed to acquire the entire share capital of Green Lagoon Technology Sdn Bhd for RM120mil, in exchange for one billion new shares in ALB at an issue price of 12 sen per share.
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Commodities
Oil rises in early Asian trading, Middle East tensions remain in focus
OIL prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
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Markets
FBM KLCI seen rebounding for a fifth consecutive day
KUALA LUMPUR: The rebound on Bursa Malaysia is expected to continue on Tuesday as fears over rising tensions in the Middle East subside and market sentiment improves.
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Analyst Reports
Trading ideas: Nestle, Axis REIT, ITMAX, Kelington, Sapura Energy, AirAsia, Unitrade, Avaland, Powerwell, Iris, Paragon Globe
KUALA LUMPUR: Here is a recap of the corporate announcements meaking headlines.
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Markets
Wall St stocks end higher with major corporate earnings in view
NEW YORK: Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy's health.
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Corporate News
EPIC aims for 10% increase in revenue this year
KUALA TERENGGANU: Eastern Pacific Industrial Corp Bhd (EPIC), a provider of integrated oil and gas solutions, aims to increase its revenue by 10% to RM375.5mil this year, compared with RM344mil in 2023.