KUALA LUMPUR (June 13): The FBM KLCI fell 0.45% in early trade this morning, dragged by index-linked heavyweigts, trackinbg losses at most regional markets.
At 9.05am, the FBM KLCI fell 8.00 points to 1,756.16.
The early losers included Public Bank Bhd, Tenaga Nasional Bhd, Carlsberg Brewery Malaysia Bhd, UMW Holdings Bhd, Cahya Mata Sarawak Bhd, Kuala Lumpur Kepong Bhd, BSL Corp Bhd, Malaysia Airports Holdings Bhd, Hap Seng Consolidated Bhd and Heineken Malaysia Bhd.
SHANGHAI: China stocks gave up early gains to close lower on Monday, as an expected reserve requirement ratio (RRR) cut was largely offset by lingering trade war fears, and as a weakening yuan pushed lower real estate and airline shares.
HONG KONG: Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial public offering worth US$6.1 billion in Hong Kong, the company's co-founder said Saturday.
The company is offering US$2.18 billion shares at HK$17 to HK$22 apiece, in a ...
KUALA LUMPUR (June 25): Non-bank lender Malaysia Building Society Bhd (MBSB) aims to convert its conventional assets worth about RM1 billion, which makes up about 10% of its assets, to Islamic assets over the next two years, as part of its plans to becoming an Islamic bank.
President and chief executive officer Datuk Seri Ahmad Zaini Othman said the conventional assets include home mortgage loans.