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US banks BB&T and SunTrust announce US$66b merger

WASHINGTON, Feb 7 — BB&T and SunTrust announced today they are to merge in a US$66 billion deal that will create the sixth largest bank in the United States. The companies said in a statement that both boards had approved the all-stock tie-up,…


Netherlands inspectorate trains vets to speak Dutch for Brexit

AMSTERDAM, Feb 1 — Dozens of veterinarians from across the European Union are taking crash courses in Dutch to ensure theNetherlands has enough inspectors for a ‘no-deal’ Brexit, the food watchdog said today….


Europe’s Arianespace takes on SpaceX by cutting Ariane 5 rocket launch price

SINGAPORE, Jan 23 — Europe’s Arianespace is discounting the price of satellite launches with its Ariane 5 rockets as it competes against US rival SpaceX for customers before the release of the cheaper Ariane 6 rocket next year, a senior…


Wall Street wary of progressive Democrats on the House finance committee

WASHINGTON: Wall Street is bunkering down for a wave of intense scrutiny as a group of progressive Democrats, including social media star Alexandria Ocasio-Cortez, have joined a powerful House of Representatives committee overseeing banking activities. “It’s a huge victory,” said Ocasio-Cortez, at 29 the youngest member of Congress and a self-described socialist – a word […]


5G: How ready are we?

In the global mobile industry, the term ‘5G’ or fifth generation mobile technology is on everyone’s lips as industry players set out to commercially deploy the network, hopefully within the next few years. Whilst 5G is tauted as the next level that will being about a ‘technological revolution’ as some analysts put it, in emerging […]


Kenanga announces first issuance of the year

KUALA LUMPUR: Kenanga Investment Bank (Kenanga) has announced its first warrant issuance of the year, providing opportunities for investors to trade in a volatile market. In a statement, it said, trade with China has caught the headlines, but unpredictable business investments into and out of Malaysia presents a longer-term concern but fortunately for call warrant […]


Kenanga Investment Bank unveils its first issue of call warrants for 2019

KUALA LUMPUR: Kenanga Investment Bank has unveiled its first call warrants issuance of 2019 with 11 new highly-sensitive warrants, to provide trading opportunity in a highly volatile market.

“Listening to popular demand, our first issuance of 2019 offers 11 new highly-sensitive warrants will provide trading opportunities in a volatile market. In layman’s terms, sensitive warrants flip prices quickly so traders can enter and exit with speed and ease,” head of equity derivatives Philip Lim said in a statement.

The call warrants will be issued over the ordinary shares of FGV Holdings Bhd, Genting Malaysia Bhd, Hibiscus Petroleum Bhd, IJM Corporation Bhd, Inari Amertron Bhd, Malaysian Resources Corporation Bhd, MY E.G. Services Bhd, Pos Malaysia Bhd, Sime Darby Bhd, Tenaga Nasional Bhd and V.S. Industry Bhd.

“These call warrants are European style, non-collateralised cash-settled call warrants. This is Kenanga’s first issuance of 2019 in conjunction with the launch of their Live Matrix,” he noted.

Kenanga now offers structured warrants traders access to its “Live Matrix” tool, which was launched last month.

The tool enables investors to view the live feed from Kenanga’s market making system, giving them easy access to real-time market data and flexibility to trade on-the-go.

“As some traders are relatively new to structured warrants trading, we place great importance on educating them. They are dealing with bullish market products which can be utilised in many conditions. We reviewed their concerns and launched the Live Matrix earlier this month. Now, warrant traders no longer need to estimate the flipping prices of warrants and anyone can access it free of charge,” said Lim.

Lim said the bank aims to help build a smart warrants trading community in Malaysia by equipping them with the right tools and information.


SpaceX to lay off 10pc of workforce

LOS ANGELES, Jan 12 — SpaceX plans to lay off 10 per cent of its more than 6,000 employees, a source familiar with the decision said yesterday. “To continue delivering for our customers and to succeed in developing interplanetary spacecraft and…


Bursa Malaysia in the red at mid-day

KUALA LUMPUR, Jan 4 ― Concerns over the slowing global economy and corporate growth dragged down Bursa Malaysia at midday, dealers said. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.14 points to 1,673.69 from yesterday's…


Bursa opens higher on buying support

KUALA LUMPUR, Jan 3 — Bursa Malaysia opened higher today, buoyed by buying in local stocks, namely Petronas Gas, MISC, Digi and Hong Leong Bank. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.66 points to 1,671.77 from…