KUALA LUMPUR (Feb 7): Kenanga Investment Bank Bhd upped its LPI Capital Bhd net profit forecast by 4% after the general insurer reported full-year financials that were within Kenanga's expectation.

Kenanga analyst Desmond Chong wrote in a note today that its LPI net profit forecast upgr...

Kenanga upgrades LPI Capital on FY16 profit

KUALA LUMPUR (Feb 6): theedgemarkets.com highlighted 21 stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while 20 had negative momentum

Stock with positive momentum was:

Scomi Energy Services Bhd – up 1.5 sen at 25 sen

Scomi Energy, Advance Synergy, Benalec, CCM, Evergreen, Goodway, Harbour-Link, JCY, Kelington, Kretam, Malton, Nylex, Orion, Rexit, Scomi Engineering, Seal, Eversendai, Signature, SSteel, Systech, WCE

KUALA LUMPUR (Feb 6): Moody's Investor's Service says that the negative pressure on the ratings on non-financial corporates seen in 2016 will likely moderate over the 12 months of this year, according to a just-released report authored by the group's credit officer Clara Lau titled "Credit S...

Negative rating trend of Asian non-financial corporates to moderate in 2017 — Moody's

KUALA LUMPUR (Feb 3): Bursa Malaysia Bhd is expecting a promising year ahead for initial public offerings (IPOs), said its Chief Executive Officer, Datuk Seri Tajuddin Atan.

“The numbers [for IPOs this year] are stacking up,” he said, when speaking to reporters after announcing the comp...

Promising outlook for local IPOs in 2017 — Bursa CEO

KUALA LUMPUR (Feb 3): Technology-related stocks rose across the board in mid-morning trade today after the US-based Semiconductor Industry Association (SIA) announced yesterday that global semiconductor sales increased 1.1% year-on-year (y-o-y) in 2016 to US$338.9 billion (about RM1.5 trillion).<...

Tech stocks rise on 1.1% y-o-y increase in 2016 global semiconductor sales

KUALA LUMPUR (Feb 2): Berjaya Land Bhd has acquired 10 million shares or a 0.9% equity stake in 7-Eleven Malaysia Holdings Bhd from Berjaya Retail Bhd via direct business transactions for a total cash consideration of RM14 million at RM1.40 per 7-Eleven Malaysia share.

According to the ...

Berjaya Land buys 0.9% stake in 7-Eleven Malaysia

KUALA LUMPUR (Feb 2): theedgemarkets.com highlighted thirteen stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while twelve had negative momentum.

Stock with positive momentum was:

Sino Hua-An International Bhd up 1.5 se...

Sino Hua-An, WCE, Berjaya, Formosa, JCY, Scomi Engineering, Scomi Energy, MCE, Jaks, Denko, Seal, Insas, Notion

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

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EVENING 5: Five things you need to know today

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

WASHINGTON (April 26):&nbsp;Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US&nbsp;funding had helped Moscow seize the initiative.

Ukraine's Zelenskiy calls for air defence systems as allies meet

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Anette Appaduray

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