<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 24): Shares of Pasukhas Group Bhd jumped 5% in early trade today after Hong Leong IB Research said&nbsp; that Pasukhas had been extremely oversold and likely to bottom up in immediate term as “Tweezers Bottom” candlestick pattern in the oversold territory suggested imminent technical rebound.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, Pasukhas gained one sen to 21 sen with 2.02 million shares done.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said it was looking at target prices of 21,5 sen, 23 sen and 24 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“However, always prepared to set cut loss if situation changes. Support at 19.5 sen with cut loss below 19 sen,” it said.</p></div>

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KUALA LUMPUR (April 24): Shares of Pasukhas Group Bhd jumped 5% in early trade today after Hong Leong IB Research said  that Pasukhas had been extremely oversold and likely to bottom up in immediate term as “Tweezers Bottom” candlestick pattern in the oversold territory suggested imminent te...

Pasukhas up 5% after HLIB Research says stock oversold

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

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Australian police on Tuesday said a knife attack on an Assyrian church bishop and some followers in Sydney was a terrorist act motivated by suspected religious extremism, as the country reeled from a second stabbing incident in three days.

Australia says Assyrian church stabbing was terrorist act

The automotive industry is not exactly the place one would want to be in the next few years.

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Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

Alliance Bank’s 4Q earnings to rise by 37% y-o-y to RM179m, AmInvestment says

China's Baidu said on Tuesday its artificial intelligence (AI) chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition.

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Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack as international pressure for restraint grew amid fears of an escalation of the conflict in the Middle East.

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The Indonesian rupiah on Tuesday slid to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene.

Indonesian rupiah hits four-year low, prompts cenbank intervention

E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and Heitech Padu have inked a teaming agreement for the collaboration.

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Surging ocean temperatures have triggered a second global coral bleaching event in a decade, threatening crucial marine ecosystems that underpin an estimated US$2.7 trillion (RM12.9 trillion) a year of goods and services.

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China's economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.

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<p>Prime Minister Datuk Seri Anwar Ibrahim has expressed relief that Cinta Gaza Malaysia chief executive officer (CEO) Muhammad Nadir Al-Nuri Kamaruzaman has been reunited with his family after they were brought out of Gaza.</p>


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<p>Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</p>


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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and Heitech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


S&P: Medium-term trajectory remains fraught with risk after recent attack by Iran on Israel

<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


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<p>US stocks closed sharply lower on Monday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel.</p>


Stocks close lower as Middle East tensions, Treasury yields weigh

<p>Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.</p>


Bursa tracks weaker Wall Street showing to open lower 

<p>JPMorgan Chase &amp; Co chief executive officer Jamie Dimon, who announced plans last year to sell one million shares in the lender, sold almost US$33 million (RM157.8 million) of stock on Monday, bringing his total sales to that level.</p>


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<p>Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc and other social media companies of addicting children to their products.</p>


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<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


Ringgit opens lower against dollar on strong US retail sales data 

<p>Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.</p>


Oil prices rise as Israel weighs response to Iran attack

<p>Just a few months ago, life as a Paramount Global bondholder was pretty good.</p>


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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


<p>Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.</p>


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<p>President Joe Biden and first lady Jill Biden paid US$146,629 (RM701,217) in federal income taxes on a combined US$619,976 in adjusted gross income in 2023 — meaning the first family paid an effective federal income tax of 23.7% — according to tax filings released by the White House.</p>
