stock market


Where Netflix goes, Big Tech may follow (VIDEO)

SAN FRANCISCO, Jan 20 — Netflix Inc’s quarterly results on Monday may offer an advanced preview of whether Facebook Inc, Inc and other heavyweights behind much of the US stock market’s record-breaking rally can keep delivering….

Wall Street traders brace for meager paychecks as bonus season approaches


NEW YORK (Jan 19): Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive. Trading revenue was down significantly across the industry during the fourth quarter, wrapping up a year in which clients around the globe sat idle as market volatility hovered near historic lows. The big five Wall Street banks — JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc and Morgan Stanley — reported an average revenue decline of 32% forRead More

Tide of money drowns out HK property warning by central banker

HONG KONG, Jan 19 — Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both…

Most South-east Asia stocks firm, Indonesia slips after hitting record

SINGAPORE, Jan 19 — Most South-east Asian stock markets firmed today and were on track to end the week higher as broader Asian shares climbed to an all-time top on data that showed China’s growth accelerated in 2017 for the first time in seven…

Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes


(Jan 19): Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both highlighted the risks. But three Federal Reserve rate increases forecast for this year won’t stop prices from climbing, according to analysts at firms including JPMorgan Chase & Co. and Union Bancaire Privee. Prices already jumped 22 percent as the Fed raised rates five times from December 2015. On the face of it, the warnings make sense. HouseholdRead More

Bursa Malaysia approves the transfer of TRIplc’s listing status

PETALING JAYA: TRIplc Bhd has received the approval of Bursa Malaysia Securities Bhd to transfer its listing status to Pimpinan Ehsan Bhd.

The group said in a Bursa Malaysia filing that the stock market regulator has given the nod to Pimpinan Ehsan to assume TRIplc's listing status and the listing of and quotation for the entire issued share capital of Pimpinan Ehsan comprising up to 69.12million shares.

Following the completion of the exercise, TRIplc will become a subsidiary of investment holding company Pimpinan Ehsan Bhd.

TRIplc's shares remained unchanged at RM2.25.

South-east Asia stocks mostly subdued, Philippines gains

SINGAPORE, Jan 17 — Most South-east Asian stock markets were muted today in line with broader Asia as Wall Street took a breather after its record-setting run, dampening momentum in global equities. Broader Asian stocks came off an all-time…

Asian shares dip as commodities ease, bitcoin licks wounds

TOKYO, Jan 17 — Asian stocks stepped back from a record high yesterday as the region’s resource shares were dented by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations. MSCI’s broadest index…

Philippine, Thai shares set fresh records, Vietnam falls

SINGAPORE, Jan 16 — Philippine and Thai shares climbed to all-time highs today, while most other South-east Asian stock markets trod water in line with broader Asia as caution set in after the previous session’s record-setting gains. The…

Demand for bigger aircraft would continue to grow: Airbus


KUALA LUMPUR: Airbus believes the demand for bigger aircraft will continue growing healthily as air traffic will be doubled every 15 years. Airbus chief operating officer of customers John Leahy said the aircraft manufacturer expects to increase its production delivery of aircraft progressively, beginning this year. “The market is strong with the recovery in the global oil prices, reaching close to US$70 per barrel. We see a lot of potential for wide-body aircraft,” Leahy said at the teleconference on the Airbus’ Commercial Aircraft deliveries in 2017 performance on Monday. He saidRead More