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News
China's Ligent seeks about US$723 mil in Hong Kong IPO, targets AI-related expansion
15+ hour, 56+ min ago (361+ words) (Sept 14): China's Ligent Technologies seeks to raise about HK$5.67 billion (US$723 million) in a Hong Kong initial public offering (IPO) to fund product development and expand production, showed a prospectus filed at the stock exchange on Monday. The maker of…...
Shares slip in Asia as oil climbs, rate hikes loom
18+ hour, 10+ min ago (579+ words) SYDNEY (Sept 14): Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes…...
Analysts see Bermaz Auto’s 1Q beat as start of FY2027 recovery
3+ day, 15+ hour ago (446+ words) KUALA LUMPUR (Sept 11): Analysts turned bullish on Bermaz Auto (KL:BAUTO) after a rebound in 1Q earnings, prompting upgrades to reflect better-than-expected growth for FY2027. RHB Research upgraded Bermaz Auto to "buy" from "neutral", with a higher RM1.15 target price from RM1.00, implying 24% upside,…...
Singapore PM defends political pay hike as 'responsible course to take"
4+ day, 6+ hour ago (396+ words) SINGAPORE (Sept 10): Singapore's prime minister said on Thursday he deliberated "long and hard" over an increase in ministerial and lawmakers' salaries, already among the highest in the world, but felt it was necessary to attract talent into government ranks. Lawrence…...
Wall St slips after hotter-than-expected producer inflation data
4+ day, 49+ min ago (555+ words) (Sept 11): Wall Street's main indices fell on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil prices above US$100 (RM406.61) a barrel. At 12.11pm ET,…...
US producer prices increase as expected in August
4+ day, 3+ hour ago (443+ words) WASHINGTON (Sept 10): US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor…...
US existing home sales in August slide to weakest pace in more than a year
4+ day, 2+ hour ago (434+ words) (Sept 10): Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2% to an annualised rate of…...
Rubber glove stocks rally as Brent crude tops US$100
4+ day, 6+ hour ago (660+ words) KUALA LUMPUR (Sept 10): Rubber glove counters on Bursa Malaysia rallied broadly on Thursday, lifted by higher crude oil prices and a recent price hike by China's leading glove maker Intco Medical Technology Co Ltd. Higher oil prices raise the cost…...
Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs — Reuters
4+ day, 7+ hour ago (284+ words) (Sept 10): Beijing-based AI start-up Moonshot is considering dual listings in Hong Kong and Shanghai to boost fundraising and exposure, the South China Morning Post reported on Thursday, citing two people familiar with the matter. The developer of the Kimi large…...
AB Foods' Primark to offer home delivery in Britain
4+ day, 9+ hour ago (420+ words) LONDON (Sept 10): Primark, the budget fashion chain being spun off from Associated British Foods, will launch home delivery in Britain, the group said on Thursday, ending its long-standing resistance to direct-to-consumer online sales. The FTSE 100 group, which confirmed in April…...