Bursa ends week on subdued note
KUALA LUMPUR, Aug 14 — Bursa Malaysia, which closed in the red today, ended the week on a subdued note on the back of volatility in the Chinese yuan, falling oil prices and softer ringgit, dealers said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM…
Biggest plunge for ringgit since 1998 as global funds sell stocks, bonds
KUALA LUMPUR, Aug 14 — Malaysia’s ringgit plunged the most since 1998 on concern the nation is running out of ammunition to defend its currency amid a political scandal, a yuan devaluation and slumping oil prices. Stocks and bonds tumbled.
The…
Global automakers scramble to assess damage from Tianjin blasts
BEIJING, Aug 14 — Global automakers including Volkswagen AG and Toyota Motor Corp scrambled today to assess damage to cars and facilities after two massive explosions in the port city of Tianjin, China‘s largest auto import hub.
The blasts that…
China stocks complete best week in two months
SHANGHAI, Aug 14 — China’s benchmark stock index capped its biggest weekly gain in two months, led by commodity companies, amid speculation that the weaker yuan will help to shore up the world’s second-biggest economy.
The Shanghai Composite…
Mah Sing cancels Seremban land acquisition, wants RM35m deposit returned
KUALA LUMPUR, Aug 14 — Mah Sing Bhd’s wholly-owned subsidiary, Grand Prestige Development Sdn Bhd, today rescinded its proposed acquisition of a piece of prime freehold land located in Rantau, Seremban for RM359.56 million.
In a filing to Bursa…
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