Oil eases as traders, investors grow edgy ahead of Opec

LOS ANGELES, Nov 21 — Oil prices fell 0.8 per cent yesterday, extending recent weakness ahead of next week’s Opec meeting, while a rally in the dollar hurt commodities across the board. US West Texas Intermediate (WTI) crude futures <CLc1>…

Stock In Focus (21-11-2017)

KUALA LUMPUR (Nov 20): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Nov 21) may include: Zecon, Tanco, Ranhill, Kronologi,…

Analysts raise GDP picks from Malaysia’s strong 3Q

KUCHING: Analysts are brightly optimistic over an uptick in Malaysia’s real Gross Domestic Product (GDP) which grew by a stronger growth of 6.2 per cent year on year (y-o-y) in the third quarter of 2017 (3Q17). The team at RHB Research Institute Sdn Bhd (RHB Research) said this was its quickest pace in three years. […]

Overwatch-Blockchain address validation named champion of FIU Codeathon 2017

KUALA LUMPUR: Bank Negara Malaysia (BNM) and Australia’s financial intelligence agency Australian Transaction Reports and Analysis Centre have named Overwatch – Blockchain Address Validation as champion for the inaugural International Financial Intelligence Unit (FIU) Codeathon 2017. In a statement yesterday, BNM said Overwatch created a programme that showed genuine innovation, originality and most effectively addressed […]

UK commits billions to ‘industries of future’ to ward off Brexit shocks

LONDON: Prime Minister Theresa May on Monday announced 4 billion pounds of spending on research and development and regional growth strategies, setting out plans to help the economy grow after Brexit. Amid stiff international competition, Britain is looking to carve out a new global role as a leader in “industries of the future” such as […]

Toshiba US$5 billion stock issue results in huge dilution but delisting risk removed

TOKYO: Toshiba Corp’s (Toshiba) plan to raise some US$5.4 billion (4.1 billion pounds) through a sale of new shares will help it avoid a delisting, but will also see more than 30 overseas investors, including activist funds, own 35 per cent of the embattled conglomerate. The move, decided at a board meeting on Sunday, will […]

EU ready for ‘most ambitious’ Brexit trade pact, says Barnier

BRUSSELS, Nov 20 — EU Brexit chief Michel Barnier said today the bloc would give Britain its “most ambitious” trade deal — but only if it meets the bloc’s stringent Brexit conditions. Barnier warned Britain it had to come up with a…

Court case shines light on murky side of Hong Kong stock market

HONG KONG, Nov 20 — A case winding its way through Hong Kong’s courts is shining a light on a murky corner of the city’s stock market that has drawn increased scrutiny from regulators. Jones Chan, founder and chief executive officer of…

Oil markets tepid ahead of Opec meeting at month-end

SINGAPORE, Nov 20 — Oil markets were tepid today as traders were reluctant to take on big new positions ahead of an Opec meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at…

Toshiba shares drop after plan to issue US$5.4b in new shares

TOKYO, Nov 20 — Shares of Toshiba Corp fell nearly 5 per cent early today, a day after the troubled conglomerate said it would raise ¥600 billion (RM22.2 billion) from a sale of new shares in a key step that would allow it to stay publicly…