<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 7): RHB Retail Research said Kelington Group is poised for a rebound from the recent pullback, after it bounced off the 21-day average line recently – it opened with a gap then headed towards the all-time high of RM1.88.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Thursday, the research house said if the stock manages to breach that level, the momentum is expected to propel the stock towards the uncharted territory of the RM2.00 psychological level, before possibly hitting the RM2.10 threshold.</div>

<div class=newsTextDataWrapInner>“However, this expectation will be cancelled if it falls below the support of RM1.70,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Kelington Group is poised for a rebound from the recent pullback, after it bounced off the 21-day average line recently – it opened with a gap then headed towards the all-time high of RM1.88.

Kelington poised for rebound, says RHB Retail Research

In a world of depressing news headlines, how is the Southeast Asian region faring? An examination of the risk environment leads us to a few key assessments.

First, being one of the main arenas for US-China contestation, this region is exposed to potentially nasty scenarios if big power ...

My Say: How risks have changed in Southeast Asia

The popularity of property investing among the younger investors seems to be waning. The mismatch between one’s salary and property price is a key reason. However, financial planning experts say these investors should not be hasty in dismissing property as an attractive asset class.

Red...

Property: To buy or rent, that is the question

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.

Johor police nab 11 involved in job, investment scams

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after its use of water cannons that damaged two of its vessels, an official said.

Philippines says Chinese coast guard elevating tensions in South China Sea 

Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season

Manchester United's interim CEO, CFO to step down

Australia's Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information.

Australia's Qantas probing reports of data breach at loyalty app

Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.

Oil falls for a third day as US crude inventories swell

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

Weak demand, new model ramp-up hit Europe's top automakers

Citigroup CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.

Citi CEO says US consumers more cautious, emphasises bank overhaul

Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.

Musk disbands Tesla EV charging team, leaving customers in the dark

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday (April 30):

Bursa, SimePlant, SEGi, Capital A, Duopharma, Rimbunan Sawit, MKHOP, Tasco, CIMB, Atrium REIT, KSL, GUH, Lebtech, Mentiga, Ge-Shen, Green Packet, Apex Equity

KUALA LUMPUR (May 1): Malaysia’s top six universities have soared in Times Higher Education’s (THE) 2024 Asia University Rankings, compared to last year’s performance.

Malaysian universities rise in Times Higher Education’s 2024 Asia rankings

McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.

McDonald's posts rare profit miss as customers turn picky

Starbucks Corp sales fell for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entice increasingly budget-conscious consumers.

Starbucks posts first sales drop since 2020 during global pullback

Apex Equity Holdings Bhd's external auditor is unconvinced that the group will be able to recover RM23.8 million in loan receivable, though its directors is confident that the sum is recoverable and had made no impairment loss in its financial statements for the year ended Dec 31, 2023.

Apex Equity's auditor unconvinced group can recover RM24m loan

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.

Binance crypto founder Zhao sentenced to four months in prison

US stocks ended lower on Tuesday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal Reserve policy meeting to decide the direction of interest rates.

Wall Street stocks fall as markets weigh strong wage data, Fed meeting 

An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on US charges that he evaded paying at least US$48 million (RM228.9 million) in taxes, the US Department of Justice said on Tuesday.

'Bitcoin Jesus' arrested in Spain on US tax evasion charges

Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season

Fraser &amp; Neave Holdings Bhd (F&amp;N) posted a net profit of RM165.41 million in the second quarter ended March 31, 2024 (2QFY2024), higher by 63.48% compared to RM101.18 million a year before, driven by higher sales amid Chinese New Year and Hari Raya festival seasons and better margins.

Festive sales and better margins lift F&N’s 2Q net profit by 63%

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after its use of water cannons that damaged two of its vessels, an official said.

The federal government is always committed to empowering national schools, but parents retain the right to choose the educational stream for their children, said PKR vice-president Nik Nazmi Nik Ahmad.

Parents' right to pick children's educational stream — Nik Nazmi

Southeast Asian governments are grappling with the challenges of rising energy demand, a burgeoning middle class, strong pressure not to increase energy and electricity prices, and the need to deliver just and equitable growth — before even considering ambitious plans to decarbonise and build industries of tomorrow.

Southeast Asia remains off-track in net zero ambitions 

Amazon.com reported quarterly results above Wall Street's expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth.

Amazon results beat estimates, revenue forecast misses

Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.

Citigroup&nbsp;CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.

The meeting between Defence Minister Datuk Seri Mohamed Khaled Nordin and his Indonesian counterpart Prabowo Subianto on Tuesday discussed various issues, including security challenges and promoting stability in the Southeast Asian region.

Defence ministers of Malaysia, Indonesia discuss security, regional preparedness

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.

US labour costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much- anticipated interest rate cut later this year.