Thailand’s baht sinks to six-year low
BANGKOK, July 8 — Thailand’s baht plunged to its weakest level since September 2009 amid sustained outflows from local assets and a selloff in Chinese equities.
Global funds have withdrawn a net US$199 million (RM758.329 million) from Thailand’s…
Malaysia’s second-largest IPO of the year: Sunway Construction raises RM550m
KUALA LUMPUR, July 8 — Sunway Construction Group Bhd raised RM550 million in Malaysia’s second-largest IPO of the year after final pricing came in at the top of its indicative range.
The construction arm of conglomerate Sunway Bhd said in a…
NYT: Microsoft plans major job cuts
NEW YORK, July 8 — Microsoft Corp plans to announce a new round of layoffs as early as today to cut costs further, the New York Times reported.
The latest job cuts are in addition to the 18,000 jobs that Microsoft said it planned to cut a year…
Shanghai stock market slump — how did it all happen?
SHANGHAI, July 8 — Chinese stocks plunged again today even as the government announced more measures to try to boost the flagging market after a spectacular bull-run reversed course in June.
Why did the market surge?
China’s stock market surge…
As Shanghai stock market tumbles, China freezes trading in 1,300 companies (VIDEO)
SHANGHAI, July 8 — A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than US$3.5 trillion (RM13.357…
Business Partners
