Billionaire Soros sells most of Alibaba, reduces oil stocks
NEW YORK, Aug 15 — Billionaire George Soros’s family office sold almost all of its stake in Alibaba Group Holding Ltd in the second quarter, as Asia’s largest Internet company saw its stock decline further because of a slowing Chinese economy….
KL shares likely caught in down trend
KUALA LUMPUR, Aug 15 — Bursa Malaysia is expected to extend its downward momentum next week, in line with regional peers on the back of multi-year low Asian currencies, China-Japan currency war and the impending US rate hike.
Affin Hwang…
Cautious trade on ringgit next week
KUALA LUMPUR, Aug 15 — The ringgit is likely to experience cautious trading next week, amid the uncertain global sentiment, said a trader.
“Emerging Asian currencies are expected to continue to be affected by external factors such as the…
KLCI futures to trend lower
KUALA LUMPUR, Aug 15 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives are expected to trend lower next week.
Affin Hwang Investment Bank Vice-President and Head of Retail Research Datuk Dr Nazri…
CPO futures expected in RM1,960-RM2,040 range next week
KUALA LUMPUR, Aug 15 — Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade softer next week, with prices ranging between RM1,960 and RM2,040 a tonne.
Interband Group of Companies senior palm oil trader, Jim…
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