RHB Research Institute’s technical analysis today shows that the outlook for gold is negative, WTI Crude Futures stays “bullish bias stable” and Dow futures contracts have triggered a “short signal”.

The local research house advises its clients to “stay short” on gold as the outlook rem...

RHB technical analysis: Gold bearish; WTI crude futures bullish bias; Dow futures trigger sell

ON Feb 2, more than 100 investors in a gold investment scheme filed a police report in Singapore, claiming that they had not received their promised returns for five months and that the bosses of the company involved had gone missing.

New gold scam shows investors never learn

Monetary easing and structural reforms in this region is expected to support the performance of Asian equity and bond markets in the next three to six months, according to Credit Suisse.

“We retain our regional preference for Asian equities and bonds, with a focus on markets that will b...

Monetary easing to support Asian equities and bonds, says Credit Suisse

CAN the principles of feng shui help in wealth creation? Some people believe that they can, while others do not. To usher in the Year of the Goat, Personal Wealth talks to several businesspeople who believe that feng shui has played a part in their success. Here are the stories.

Using feng shui to enhance your wealth

The Chinese currency, the yuan (CNY) or renminbi, is expected to become more market-oriented and to depreciate against the strong US dollar in 2015 and 2016, according to HSBC Global Research.

“We have revised our USD/CNY forecast to 6.34 and 6.44 by end-2015 and end-2016 respectively (...

Renminbi to depreciate against strong US dollar, says HSBC

Foreign holdings of Malaysian government securities (MGS) are likely to stay above 40%, contrary to market fears, after sentiment took a positive turn last month, according to Maybank IB Research.

In December, foreign holdings of total debt securities posted a month-on-month decrease of...

Foreign holdings of MGS to stay over 40% with turnaround in sentiment, says Maybank IB

Singapore and South Korea are expected to be the most successful countries in this region to lure tourists from China during the Chinese New Year period amid global competition for Chinese travellers.

China’s outbound travellers, who spent US$140 billion (RM504.3 billion) last year, are...

Singapore, S Korea to bag most China tourist dollars during Chinese New Year

China’s A-share bull run is still intact despite its plunge on Monday (Jan 19) and the Shanghai A-Market is set to rise further after a correction, according to Morgan Stanley Research.

“We think the A-share bull run is intact, although it is likely to proceed at a slower pace from here...

Morgan Stanley: China A-share bull run ‘intact’ despite Monday plunge

As the coming Lunar Year of the Wood Sheep is blessed with all five feng shui elements — metal, wood, water, fire and earth — everyone will have the opportunity to make money, achieve success and attain their goals, according to renowned feng shui expert and grandmaster Lillian Too.

At ...

Feng Shui: Everyone has the chance to make money in Year of the Sheep, says Lillian Too

BEHIND the success of the world’s leading glove manufacturers in Malaysia are many low-profile small and medium enterprises (SMEs) quietly lending their crucial support. Kendek Group of Companies is one of them.

Set up in 1990, Kendek is involved in the manufacture of components, machin...

Unlisted & Unlimited: The hand behind the top glovemakers

The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, with the market reaching US$50 billion (RM238.88 billion) in value by 2027, according to Gartner Inc.

Global legal tech market will hit US$50b by 2027, says Gartner

(April 25): Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.

The drop was set to erase nearly $170 billion from the company's market value and triggered ...

Meta sparks tech selloff as AI splurge spooks Wall Street

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

Vitrox shares on pace for worst day in 18 months as 1Q disappoints

Four of seven ships trapped in Baltimore Harbour since the Francis Scott Key Bridge collapsed last month have cleared the wreckage and are en route to their destinations.

Baltimore’s trapped ships start leaving as new channel opens

Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data centre and PC chips and trails in the surging market for artificial intelligence (AI) components.

Intel forecast misses estimates; shares tumble

China’s top diplomat Wang Yi warned his American counterpart that problems are mounting between the world’s largest economies, as the US threatens Beijing with sanctions for its support of Russia.

China warns Blinken ‘negative factors’ building in US relations

Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence (AI) across its cloud services, and the company's shares jumped more than 4% in extended trade.

Microsoft results top Wall Street targets, driven by AI investment

The US plans to award Micron Technology Inc US$6.1 billion (RM29.14 billion) in grants and as much as US$7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing.

Micron clinches up to US$13.6b in US grants, loans

US Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the US economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances.

Yellen says currency intervention acceptable only in rare situations

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

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

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told Reuters on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.

US growth may get revised up, inflation will ebb

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.

EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.

PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.

Infoline Tec seeks transfer from ACE Market to Main Market

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google parent Alphabet announces first-ever dividend, shares soar

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

China prepares UN resolution to tap AI for good

One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other — Sunday's short trip to arch-rivals Tottenham Hotspur.

Arsenal face derby test with title up for grabs

Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

UK warns universities about research threat from foreign states

Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990.

Equities fall amid earnings gloom, as persistent inflation lifts Treasury yields

The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.

Ho Wah Foon

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