KUALA LUMPUR: Eastspring Investments Berhad( Eastspring) recently announced the launch of its

Eastspring Investments Bhd emerged as a substantial shareholder with a 5% stake.At 11. 30am, it was trading

KUALA LUMPUR: Thong Guan Industries Bhd, which has been on an uptrend, rose to its highest in nine months in early trade Thursday. The plastic packaging manufacturer added 2.51%, or seven sen to RM2.86, its highest since Dec 2, 2020.... Year-to-date, the counter has appreciated 14.4%. RHB Retail Research said Thong Guan Industries is poised to move away from the 3-month consolidation zone, as it is testing the immediate resistance point of RM2.82 on strong trading volume.“ If a breakout happens

NEW YORK: The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labour market suggest that the US economy is headed for a hard landing, said Nicholas Ferres, chief investment officer of the global macro fund.In July, the money manager took net long exposure for his firm’s main fund

NEW YORK: The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labour market suggest that the US economy is headed for a hard landing, said Nicholas Ferres, chief investment officer of the global macro fund.In July, the money manager took net long exposure for his firm’s main fund

PETALING JAYA: Homegrown private equity firm Creador Sdn Bhd is on a tear.... It is selling half of its holdings via the IPO, which would halve its stake to around 40% post-listing, and net the fund proceeds of around RM792mil.... This in turn gives Creador an internal rate of return of around 33% for that partial exit. Strong interest in CTOS has also been driven by Creador’s success with the listing of MR DIY Group( M) Bhd last October.MR DIYMR DIY, which had its detractors, has done very we

It says the Fed could look at tapering its massive bond-buying programme by early 2022.... “ This could put some downward pressure to the country’s sovereign ratings.... to manage fund liquidity and credit risk. The group is selective on lower-rated credits, as the economic slowdown？...

BIOALPHA Holdings Bhd’s big move into the China market amidst the ongoing Covid-19 pandemic is noteworthy. Despite the worldwide lockdown restrictions led by the pandemic, the integrated health supplement company took bold steps in expanding its footprint in China’s health supplements market.In its latest joint venture with Suzhou Medicalsystem Technology Co Ltd( MEDIC) for the commercialisation of Biolapha’s proprietary herbal formulations and products in China, the company will roll out five p

SINGAPORE: Asian shares struggled to make headway on Thursday, weighed down by a murky economic outlook in China and expectations the global rate easing cycle may not come as early as some had initially thought. Chinese stocks plumbed multi-year lows as the dour mood over China's shaky economic recovery extended into a second day, while an escalation of geopolitical tensions also kept markets on edge. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, but was still languishing

Join our Whatsapp channel Singapore’s dollar and Thailand’s baht slid the most among Asian currencies on Wednesday, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election. The Singapore dollar was last down 1.3 per cent at a three-month low and set for its worst session since August 2015. Thailand’s baht slumped as much as 1. 9pc to a two-month low, in its biggest one-day drop since February 2023. The dollar