Tuesday, January 30th, 2018
NEW YORK, Jan 30 ― Wall Street stocks tumbled early today, with Apple and health care shares among the losers as investors weighed whether the torrid rally that opened 2018 is petering out. After a wave of records in the first weeks of the…
WASHINGTON, Jan 30 ― Three European banks paid a settlement of US$46.6 million (RM181.7 million), and eight individuals were charged, in a US probe into alleged manipulation of the futures and commodities market. UBS, Deutsche Bank, HSBC and…
LONDON, Jan 30 ― Women working for the BBC have complained they are paid less than men in equivalent jobs and accused managers of misleading them about their pay to hide widespread gender discrimination at Britain’s public broadcaster. But…
KUALA LUMPUR: RHB Banking Group will be revising its base rate (BR) and base lending rate (BLR) by 25 basis points effective Feb 2, 2018, in line with the increase in the Overnight Policy Rate (OPR) by Bank Negara Malaysia (BNM).
RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will raise its BR from 3.65% to 3.90% per annum, and will also revise the BLR from 6.60% to 6.85% per annum.
In line with the revision, RHB's fixed deposit rates will also be revised upwards by 20 basis points effective Feb 2, 2018.
In July 2017, RHB reduced its BR from 3.9% to 3.65% per annum and cut its BLR and base financing rate (BFR) from 6.85% to 6.60% following BNM's OPR revision.
Last week, BNM raised the OPR by 25 basis points to 3.25% from 3%. Most banks are increasing the BR, BLR and BFR by 0.25% in line with the move.
PETALING JAYA: IHH Healthcare Bhd has denied news reports that it is looking to acquire Prince Court Medical Centre from Petronas.
“Upon due enquiry, IHH wishes to announce that it is currently not participating in any process to acquire Prince Court Medical Centre,” it said in a Bursa Malaysia filing.
IHH said the group is always looking at various value accretive opportunities to add to its portfolio, but any proposal to acquire stakes in other companies/healthcare providers would have to be considered and decided by its board of directors and/or relevant subsidiaries.
“IHH will make appropriate announcements to Bursa Securities in a timely manner in accordance with the Main Market Listing Requirements of Bursa Securities should there be any further material development on the said matter,” it noted.
IHH shares closed unchanged at RM6.01 today with 9.74 million shares traded.
KUALA LUMPUR, Jan 30 ― The ringgit closed lower against the US dollar today derailed by a sudden spike in US bond yields, a dealer said. At 6pm, the local note ended at 3.8975/8995 against the greenback from 3.8790/8840 on Monday. Oanda Corp…