<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 3): RHB Retail Research said Formosa Prosonic Industries Bhd is testing the resistance level marked at RM2.86, with higher trading volume.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said that that since January, the stock has formed a higher highs and higher lows pattern, indicating a strong bullish formation.</p></div>

<div class=newsTextDataWrapInner><p>“If it breaks out from the resistance level, we believe the bullish momentum will extend the uptrend towards the next resistance level at RM2.98, followed by RM3.25.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A downward breach of the RM2.56 support level will negate this expectation,” it said.</p></div>


RHB Retail Research said Formosa Prosonic Industries Bhd is testing the resistance level marked at RM2.86, with higher trading volume.

Formosa Prosonic testing resistance level, says RHB Retail Research

Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.

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China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

China to cut import tariffs on some recycled copper and aluminium raw materials

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Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Putin says Slovakia could host peace talks with Ukraine

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%.

Mortgage rates rise for second straight week, highest since July — report

The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

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Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

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Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

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President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

Trump asks Supreme Court to pause law threatening TikTok ban

After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

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<p>President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.</p>


<p>The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.</p>


<p>China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.</p>


<p>Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.</p>


<p>After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.</p>


<p>Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”</p>


<p>Freddie Mac's latest&nbsp;Primary Mortgage Market Survey<a data-rapid_p="7" data-v9y="1" data-ylk="slk:Primary Mortgage Market Survey,;elm:context_link;itc:0;sec:content-canvas" href="https://www.foxbusiness.com/category/home-mortgage" rel="nofollow noopener" target="_blank">,</a>&nbsp;released Thursday, showed that the average rate on the benchmark&nbsp;30-year fixed<u> </u>mortgage&nbsp;jumped to 6.85%, up from last week's reading of 6.72%.</p>


<p>Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.</p>


<p>As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...

<p>Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.</p>
