<div class=newsTextDataWrapInner>KUALA LUMPUR (Feb 21): RHB Retail Research said Malayan Flour Mills Bhd’s buying momentum may have returned after the stock breached above the downtrend line drawn in the chart.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has posted a second consecutive white candle.</div>

<div class=newsTextDataWrapInner>“A bullish bias may emerge at above the RM1.50 level, with an exit set below the RM1.40 threshold.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“Towards the upside, the immediate resistance level is seen at RM1.67. This is followed by the RM1.93 level,” it said.</div>

KUALA LUMPUR (Feb 21): RHB Retail Research said Malayan Flour Mills Bhd’s buying momentum may have returned after the stock breached above the downtrend line drawn in the chart.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given tha...

Malayan Flour Mills buying momentum may have returned, says RHB Retail Research 

(Aug 28): Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb.

A national measure of prices rose 5.4% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That compares with a 5.9% annual increase ...

US home-price gains outpace inflation with 5.4% annual increase

An all-out military conflict with Hezbollah or Iran could have significant "credit consequences" for Israeli debt issuers, credit ratings agency Moody's said on Tuesday.

Moody's warns of significant ratings impact for Israel from all-out conflict

PUTRAJAYA (Aug 28): The Court of Appeal (COA) here has fixed Oct 15 to hear former prime minister Datuk Seri Najib Razak’s appeal over a US$681 million Mareva injunction (asset-freezing order) imposed on him by the Kuala Lumpur High Court, following an application by 1Malaysia Development Bhd (1MDB).

COA fixes Oct 15 to hear Najib’s appeal over the imposition of US$681m asset-freezing order

Deputy governor Ryozo Himino said the Bank of Japan (BOJ) will raise interest rates as long as inflation moves in line with the bank’s view, underscoring the central bank’s essentially unchanged stance following ructions in the financial markets earlier in the month.

BOJ deputy governor sees rate hike justified if outlook realised

Excessive government spending has made it harder for the European Central Bank (ECB) to lower inflation and tighter government discipline is needed to make the new budget rules work, ECB policymaker Klaas Knot said on Tuesday.

Excessive govt spending hampering ECB's work, Knot says

China’s top-selling automaker BYD Co expects overseas deliveries to account for almost half of total sales in the future, suggesting it will continue to set up global production hubs to overcome punishing tariffs.

China's BYD hints at global production hubs to overcome tariffs

A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commercial mortgage bond to junk, according to a source familiar with the situation and a review of filings from the agencies.

Failed sale, appraisal delays behind first loss on an AAA bond since 2008 crisis

KUALA LUMPUR (Aug 28): The Employees Provident Fund (EPF) has submitted 635 names of company directors to the Immigration Department from January to June 2024, to bar them from leaving Malaysia, according to the provident fund on Wednesday.

Company directors prevented from leaving country due to EPF contribution arrears

Malaysian banks, along with other lenders in South and Southeast Asia, may be forced to spend more on technology systems amid a crackdown and heightened scrutiny by authorities, S&P Global Ratings flagged.

Malaysian banks could be forced to fork out more on tech amid heightened scrutiny — S&P

Warren Buffett sold an additional US$982 million (RM4.27 billion) of Bank of America Corp (BofA) stock as his conglomerate continued to shrink its investment in the second-largest US bank.

Buffett sells more BofA shares, reaping US$982m

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

S P Setia, Dialog, Malakoff, TNB, Rohas Tecnic, Gamuda, Varia, Public Bank, RHB Bank, FGV, MBSB, Gas Malaysia, Sime Darby, Inari, MPI, Berjaya Food, Padini

KUALA LUMPUR (Aug 28): Much has been said about the business model of 99 Speed Mart Retail Holdings Bhd (KL:99SMART), whose Sept 9 listing on the Main Market of Bursa Malaysia would value the leading mini-market player at RM13.86 billion, or RM1.65 per share.&nbsp;

Is 99 Speed Mart a growth stock or dividend stock?

Berjaya Food Bhd's (KL:BJFOOD) sales in the financial year ending June 30, 2025 (FY2025) are expected to contract due to the prolonged boycott impact and increasing competition, according to CIMB Securities in a note on Wednesday.

CIMB: BJFood sales to contract in FY2025 on prolonged boycott amid increased competition

Vetece Holdings Bhd (KL:VTC) shares doubled on their ACE Market trading debut on Wednesday, following strong demand for the enterprise information technology (IT) company’s initial public offering (IPO).

Vetece shares double on ACE Market debut

Stocks hovered near all-time highs, with traders awaiting Nvidia Corp’s results for clues on whether the artificial intelligence (AI) euphoria that’s powered the bull market has more room to run.

Stocks churn as Nvidia’s 1,000% rally to face test

Another sinkhole has been reported on Jalan Masjid India here, about 50 metres from where the ground suddenly collapsed, swallowing a woman pedestrian last Friday.

Second sinkhole spotted on Jalan Masjid India

KUALA LUMPUR (Aug 28): The Employees Provident Fund (EPF) has submitted 635 names of company directors to the Immigration Department from January to June 2024, to bar them from leaving Malaysia, according to the provident fund on Wednesday.

The Malaysian Anti-Corruption Commission (MACC) arrested an agricultural company director suspected of submitting false documents to obtain financing facility totalling around RM500,000.

MACC arrests 'Datuk' for allegedly submitting false documents for RM500,000 in financing

Shares of Padini Holdings Bhd’s (KL:PADINI) fell on Wednesday to their lowest in more than a year, after the apparel company reported weaker-than-expected quarterly results.

Padini shares fall to 20-month low after weaker-than-expected 4Q

Global&nbsp;stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia, while sterling notched a two-and-a-half-year high as traders bet that Britain will lag the US&nbsp;in cutting interest rates.

Stocks stop short of record peaks as Nvidia earnings loom

Thailand’s most prominent businessmen, politicians and diplomats turned up at a dinner event last week to listen to former leader Thaksin Shinawatra share his vision for the nation. It was the clearest sign yet of the influence he is likely to wield over his daughter’s administration.&nbsp;

Ex-Thai PM Thaksin’s dinner talk displays his clout in daughter Paetongtarn's govt

The good news is the labour market has improved considerably for young people globally since the onset of the Covid-19 pandemic more than four years ago. Last year, 13% of the world’s young labour force – that is, individuals aged 15 to 24 – were unemployed, according to data from the International Labour Organization (ILO). It was the lowest rate in 15 years and a decrease from pre-pandemic times in all but three subregions. In those three subregions – the Arab states, East Asia and Southeast Asia and the Pacific – the youth unemployment rate in 2023 was higher than in 2019. In Southeast Asia and the Pacific (under which Malaysia falls), the unemployment rate grew to 9.9%, from 8.9% in 2019.&nbsp;

Global employment trends among youth

Shares of Johor-based Guan Chong Bhd (KL:GCB) rebounded in early trade on Wednesday from the previous day's aggressive selloff that wiped out RM522.2 million.

The cocoa grinder's stock rose as much as 7.6% to an intraday high of RM3.10. At 11.12am, it was up 10 sen or 3.47% at RM2.98, with 6.4 million shares done. Its market capitalisation stood at RM3.5 billion.

Guan Chong shares rebound from selloff

Malaysian banks, along with other lenders in South and Southeast Asia, may be forced to spend more on technology systems amid a crackdown&nbsp;and heightened scrutiny by authorities, S&amp;P Global Ratings flagged.

Alibaba Group Holding Ltd’s impending inclusion in the Stock Connect may unleash as much as US$3.2 billion (RM13.9&nbsp;billion) of cash across global markets. Analysts say that Japan and US equities are potential beneficiaries.

Alibaba’s Stock Connect membership may be a boon to US, Japanese equities

China’s top-selling automaker BYD Co&nbsp;expects overseas deliveries to account for almost half of total sales in the future, suggesting it will continue to set up global production hubs to overcome punishing tariffs. &nbsp;

KUALA LUMPUR (Aug 28): A stronger ringgit may drag on Malaysian Pacific Industries Bhd’s (KL:MPI) even as overall earnings growth outlook remains robust following latest better-than-expected results, CIMB Securities said.

Stronger ringgit may drag on MPI’s robust growth outlook — CIMB

A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commercial mortgage bond to junk, according to a source familiar with the situation and a review of filings from the agencies.

Warren Buffett sold an additional US$982 million (RM4.27 billion)&nbsp;of Bank of America Corp (BofA)&nbsp;stock as his conglomerate continued to shrink its investment in the second-largest US bank.

The family of the late author and screenwriter Michael Crichton sued Warner Bros&nbsp;Discovery Inc, saying a new TV drama in the works at the company is a “shameful” repackaging of his long-running hit&nbsp;ER.