Markets

Glove Maker Supermax to Enter Malaysia’s Main Stock Index

by BLOOMBERG/  pic by BLOOMBERG
Supermax Corp. is set to join bigger rivals Top Glove Corp. and Hartalega Holdings Bhd. in the benchmark FTSE ...

OPEC+ expected to decide on future oil cuts on Thursday

by BERNAMA / pic by BLOOMBERG
THE OPEC+ alliance of oil-producing countries will convene on Thursday to make a final decision on the future volume of ...

Bursa Malaysia completes blockchain POC to facilitate growth of the Labuan bond

by TMR/ FILE PIX
Bursa Malaysia Berhad completed the bond on blockchain proof-of- concept (POC) with Singapore’s Fintech technology provider, Hashstacs ...

CPO prices likely to decline in 2021 as production rises

By NUR HANANI AZMAN / Pic By AMIN NAHARUL
FITCH Ratings Inc expects crude palm oil (CPO) prices to decline from current levels and assumes an average ...

Xiaomi seeks up to $4 billion in shares, convertible bonds

by BLOOMBERG
China’s No. 2 smartphone maker Xiaomi Corp. is seeking to raise as much as $4 billion from a combined share placement and sale of ...

Bitcoin’s ‘integrity’ flaws may lead to failure, Gary Cohn says

by BLOOMBERG
Don’t pin your hopes on the Bitcoin boom holding up, according to Gary Cohn, a former economic chief to Donald Trump. “For all the reasons ...

Zoom’s revenue forecast tops estimates amid 2021 concerns

by BLOOMBERG
Zoom Video Communications Inc. gave a revenue forecast for the current quarter that topped analysts’ estimates but suggested a slight ...

Ant IPO has slim chance of getting done next year

by BLOOMBERG
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China ...

S&P Global in talks to acquire IHS Markit for $44 billion

by BLOOMBERG
S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, according to a person familiar with the matter, ...

Tesla FOMO fires up Wall Street’s RM1.2t custom-index boom

Customisation is at the heart of a red-hot investing strategy driving 2 of the biggest deals in asset management this year by CLAIRE BALLENTINE / ...

Ringgit, KLCI to benefit from budget, US stimulus package

by NUR HANANI AZMAN / pic by BLOOMBERG
THE ringgit and FTSE Bursa Malaysia KLCI (FBM KLCI) are expected to benefit from the US stimulus package under ...

Neutral market reactions upon Budget 2021 approval

 by BERNAMA/ graphic by DAYANG NORAZHAR 
THE approval by Parliament of the Supply Bill 2021 (Budget 2021) worth RM322.5 billion at the policy ...