Wednesday, May 24th, 2017


Wall Street little changed ahead of Fed minutes

NEW YORK, May 24 — US stocks were little changed in early trading today as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of a rate hike next month. Fed funds futures show that traders now see a 75…

Bitcoin soars above US$2,400 to all-time high

NEW YORK, May 24 — Digital currency bitcoin hit a fresh record high today, surging above US$2,400 (RM10,303), as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology….

DRB-Hicom set for £100m gain on Lotus divestment

KUALA LUMPUR, May 24 — DRB-Hicom Bhd will raise a total of 1 £100 million (RM556.8 million) through the divestment of Lotus Advance Technologies Sdn Bhd by Proton Holdings Bhd. China-based Zhejiang Geely Holding Group Co. Ltd (Geely) will…

Judge gives RBS a week to end investor suit or face trial

LONDON, May 24 — A judge has given Royal Bank of Scotland and thousands of investors until June 1 to agree a deal that would avert a trial over the bank’s £12 billion (RM66.8 billion) cash call in 2008. RBS has already offered almost £1…

Ringgit ends higher on positive investor sentiment

KUALA LUMPUR, May 24 — The ringgit closed higher against the US dollar today, on better sentiment boosted by encouraging economic growth in the first quarter of this year amid improved investors’ confidence, said dealers.       At 6 pm, the…


KUALA LUMPUR, May 24 (Bernama) — At 5.00 p.m. today, there were 419 gainers, 546 losers and 356 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,771.01 up 3.84 points, the FBMACE was at 6,555.72 down 37.77 points, and the FBMEmas was at 12,674.56 up 8.20 points.

Turnover was at 3.376 billion shares valued at RM2.895 billion.


24/05/2017 17-13ST

Bursa closes higher on positive US, Europe leads

KUALA LUMPUR, May 24 — Bursa Malaysia closed higher today supported by gains in CIMB Group, Petronas Chemicals and Genting-related counters, in line with most Asian peers following positive leads from the US and Europe, dealers said. The…

Ikea picks company stalwart Jesper Brodin as next CEO

STOCKHOLM, May 24 — Ikea Group, the owner of most Ikea budget furniture stores worldwide, said today it had picked company veteran Jesper Brodin to be its new chief executive, replacing Peter Agnefjall who will leave the company. The furniture…

Singapore Airlines considering raising funds in currency bonds

SINGAPORE, May 24 — As Singapore Airlines Ltd. considers broadening its debt sources amid plans to spend S$30.1 billion (RM94.5 billion), some analysts are pointing to the likelihood of a shift to US-dollar bonds and the higher borrowing costs…