Bursa Malaysia opened easier in line with regional bourses and Wall Street’s weaker overnight performance, a dealer said.

Bursa opens lower, tracking Wall Street's decline

Kenanga Research has downgraded its rating on the consumer sector to "neutral" from "overweight" and said part of the M40 income group may be cut off from subsidised fuel upon the introduction of targeted fuel subsidy; hence, reducing their spending power.

Part of M40 group may be cut off from subsidised fuel, says Kenanga Research

WASHINGTON (Sept 27): The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.

The Senate voted 77-19 to begin debate...

Shutdown looms as US Senate, House take dueling tacks on funding

(Sept 27): Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.

Brent crude futures rose 33 cents, or 0.4%, to $94.29 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures...

Oil prices edge higher as markets focus on supply tightness

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

SC adds one potential clone entity to Investor Alert List

A whopping 64% of Malaysians say they have experienced some form of discrimination in the past 12 months, owing to their socioeconomic status, age and ethnicity, according to the findings of a survey conducted by Malaysian youth-led non-profit organisation Architects of Diversity. The survey, which analysed 3,238 responses from participants aged 18 and above between Aug 4 and 23, 2023, found that Gen Z (aged 18 to 24) were more likely to report having experienced ethnicity-related discrimination (43%) than their older peers (22% of those aged 60 and above; 23% of those aged 40 to 59). Both men and women reported having experienced gender-related discrimination at similar rates (21% and 27% respectively).

Glaring Socioeconomic, racial discrimination in Malaysian society

(Sept 27): Global steelmakers will finally start to see some reprieve from the flood of Chinese exports that have been inundating the market and pressuring other suppliers.

That’s according to Aditya Mittal, chief executive officer of ArcelorMittal SA, the world’s second-largest steelma...

ArcelorMittal CEO sees global steelmakers buoyed by China output limits

(Sept 27): Federal Trade Commission Chair Lina Khan stopped short of explicitly calling for a breakup of Amazon.com Inc., but said that her agency would ask a judge to halt the company’s “illegal conduct” if its antitrust suit succeeds.

In her first public comments after the FTC filed a...

Khan seeks to end Amazon ‘illegal conduct,’ quiet on breakup

(Sept 27): Thailand’s central bankers have a tough choice to make when they meet on Wednesday: whether to continue tightening monetary settings to counter loose fiscal policy or take a breather as inflation runs below target.

Economists are almost evenly split over the decision, with 11...

Bank of Thailand’s next policy rate move is too close to call

A global equity index lost more than 1% on Tuesday in a choppy trading session as fears of higher-for-longer interest rates ate into appetites for riskier assets while the benchmark US Treasury yield remained near 16-year highs.

Equities fall as US Treasury yields, dollar stay elevated

Wall Street's main indexes ended down over 1% on Tuesday as 10-year Treasury yields held their multi-year highs, with investors still wrestling with prospects for a long period of high interest rates and the economic fallout.

Wall St pounded as investors grapple with higher rates

From free tickets to see superstar Lionel Messi to synchronised LED bracelets, billionaire Joe Mansueto is pulling all the stops to boost his struggling, multimillion-dollar bet on Chicago soccer.

Chicago billionaire turns to Messi to boost soccer bet

KUALA LUMPUR (Sept 26): Here is a brief recap of some corporate announcements that made news on Tuesday: TT Vision Holdings Bhd, Berjaya Corp Bhd (BCorp), Samaiden Group Bhd, Meta Bright Group Bhd, MyNews Holdings Bhd, Poh Kong Holdings Bhd, VS Industry Bhd, FGV Holdings Bhd, AEON Credit Ser...

TT Vision, Berjaya Corp, Samaiden, Meta Bright, MyNews, Poh Kong, VS Industry, FGV, AEON Credit, Astro and Ecoscience International 

As HONOR’s very first foldable flagship to debut outside of China, the HONOR Magic Vs pushes industry benchmarks for design, display, performance, and user experience. It is the perfect companion for jet-setting entrepreneurs as well as those who put mobile entertainment above all else.

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