<div class=newsTextDataWrapInner>KUALA LUMPUR (April 18): RHB Retail Research said Marine &amp; General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Wednesday, the research house said that the stock has rebounded above the 21-day simple moving average line, solidifying its uptrend towards the immediate resistance point of 32 sen, followed by the next resistance of 42 sen.</div>

<div class=newsTextDataWrapInner>“On the flip side, falling below the 26 sen support would negate the bullish setup,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Marine & General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.

Marine & General set for uptrend reversal, says RHB Retail Research 

WASHINGTON (April 30): U.S. consumer confidence deteriorated in April, falling to its lowest level in more than 1-1/2 years amid worries about the labor market and income, a survey showed on Tuesday.

The Conference Board said that its consumer confidence index fell to 97.0 this mon...

US consumer confidence deteriorates in April

Australia's Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information.

Australia's Qantas probing reports of data breach at loyalty app

Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.

Oil falls for a third day as US crude inventories swell

LONDON/FRANKFURT (April 30): European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

The ...

Weak demand, new model ramp up hit Europe's top automakers

NEW YORK (April 30): Citigroup CEO Jane Fraser told shareholders on Tuesday that U.S. consumers are becoming more cautious with their spending and making smaller purchases.

U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments...

Citi CEO says US consumers are more cautious, emphasizes bank overhaul

Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.

Musk disbands Tesla EV charging team, leaving customers in the dark

McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.

McDonald's posts rare profit miss as customers turn picky

Treasury Secretary Janet Yellen on Tuesday defended a global corporate tax deal against Republicans' accusations that it would siphon away US revenues and said she was working to carve out an allowance for the US research and development tax credit.

Yellen defends global corporate minimum tax deal amid Republican criticism

Starbucks Corp sales fell for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entice increasingly budget-conscious consumers.

Starbucks posts first sales drop since 2020 during global pullback

An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on US charges that he evaded paying at least US$48 million (RM228.9 million) in taxes, the US Department of Justice said on Tuesday.

'Bitcoin Jesus' arrested in Spain on US tax evasion charges

Chin Hin Group-linked Chiau Haw Loon and Chiau Haw Yew have emerged as the second largest shareholder of Ge-Shen Corp Bhd after acquiring a 18.31% stake in the company.

Chin Hin’s Chiau family buys 18.31% in Ge-Shen for RM30.36 mil

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday (April 30):

Bursa, SimePlant, SEGi, Capital A, Duopharma, Rimbunan Sawit, MKHOP, Tasco, CIMB, Atrium REIT, KSL, GUH, Lebtech, Mentiga, Ge-Shen, Green Packet, Apex Equity

KUALA LUMPUR (May 1): Malaysia’s top six universities have soared in Times Higher Education’s (THE) 2024 Asia University Rankings, compared to last year’s performance.

Malaysian universities rise in Times Higher Education’s 2024 Asia rankings

The proposed sale of Cyberjaya Education Group Bhd's Asia Metropolitan University license and business to Austin Legacy Education Sdn Bhd for RM15 million cash has fallen through.

Cyberjaya Education's RM15 mil sale of Asia Metropolitan University falls through

Green Packet Bhd is undertaking a private placement of 598.48 million shares representing 30% of its issued shares for 3.2 sen apiece or RM19.15 million.

Green Packet undertakes 30% private placement to raise RM19.15 mil at 3.2 sen a share

Duopharma Biotech Bhd has accepted 11 letters of offers from a subsidiary of Pharmaniaga Bhd to supply 86 pharmaceutical and/or non-pharmaceutical products worth RM578.09 million in total, to government offices and facilities that Pharmaniaga operates.

Duopharma secures RM578 mil supply contracts from Pharmaniaga

PUTRAJAYA (April 30): Perlis Menteri Besar Mohd Shukri Ramli on Tuesday testified for almost nine hours at the Malaysian Anti-Corruption Commission (MACC) headquarters here.

The Toyota Noah vehicle carrying him was seen leaving the MACC compound at 6.55pm after appearing to give his sta...

Perlis MB gives statement for almost nine hours in MACC

Johor property player KSL Holdings Bhd proposed to acquire 22 land parcels in Pulai measuring a total of 183.33 acres for RM211.58 million.

KSL buying Pulai land from Tropicana Corp for RM211 mil

The Sessions Court here on Tuesday was told that the contract for the ‘Central Spine Road: Sertik to East Coast Highway Intersection’ project worth RM232 million was awarded to Nepturis Sdn Bhd.

Central Spine Road project worth RM232 mil awarded to Nepturis, says witness

Communications Minister Fahmi Fadzil has slammed Bersatu supreme council member Dr Afif Bahardin for making sexist remarks against Pakatan Harapan’s (PH) Kuala Kubu Baharu (KKB) by-election candidate Pang Sock Tao.

KKB by-election: Fahmi tells Afif not to be a sexist

Construction outfit Lebtech Bhd’s external auditor has issued a material uncertainty that may cast significant doubt on the group’s ability to continue as a going concern in its audited financial statements for the financial year ended Dec 31, 2023 (FY2023).

Lebtech's auditor flags going concern uncertainty due to reliance on related parties for business 

he Malaysian Anti-Corruption Commission (MACC) has detained two high-ranking officers of a water supply company in the state on suspicion of receiving bribes from two contractors.

MACC detains two water supply company officers over alleged bribery

A pair of traders in Hong Kong have left Societe Generale SA (SocGen) after the French bank discovered a batch of risky bets that went undetected by the firm’s risk-management systems, according to people familiar with the matter.

SocGen traders in Asia exit after options bets go undetected

Apex Equity Holdings Bhd's external auditor is unconvinced that the group will be able to recover RM23.8 million in loan receivable, though its directors is confident that the sum is recoverable and had made no impairment loss in its financial statements for the year ended Dec 31, 2023.

Apex Equity's auditor unconvinced group can recover RM24m loan

Logistics solutions provider Tasco Bhd saw its net profit for the financial quarter ended March 31, 2024 (4QFY2024) fell 18% year-on-year, attributable to lower profit reported in its air freight forwarding and ocean freight forwarding divisions, as freight rates fell to pre-pandemic levels.

Tasco’s 4Q profit fell 18% amid lower freight rates; declares 2.35 sen dividend

It was my privilege to have had the opportunity to participate in the Sejahtera Malaysia Forum on April 29, at Le Quadri Hotel, Kuala Lumpur, where the Minister of National Unity Malaysia, Datuk Aaron Ago Dagang, delivered the keynote address alongside distinguished panel speakers such as Dr Kelvin Yii Lee Wuen, MP of Kuching, Faye Lim, founder of The Rojak Projek, and Tan Sri Michael Yeoh, president of the KSI Strategic Institute for the Asia-Pacific. I was struck by the profound depth of our discourse.

Appreciation of history: A pathway to national unity

Malaysia received 5.8 million foreign tourists from January to March this year, which was a growth of 32.5% compared with 4.3 million for the same period last year.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said the top ten tourist-generating markets for Malaysia were Singapore, Indonesia, China, Thailand, Brunei, India, South Korea, Australia, the United Kingdom and the Philippines.

Malaysia received 5.8 mil tourists from January to March this year — Tiong

McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.

Fraser &amp; Neave Holdings Bhd (F&amp;N) posted a net profit of RM165.41 million in the second quarter ended March 31, 2024 (2QFY2024), higher by 63.48% compared to RM101.18 million a year before, driven by higher sales amid Chinese New Year and Hari Raya festival seasons and better margins.

Festive sales and better margins lift F&N’s 2Q net profit by 63%

Starbucks Corp sales fell for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entice increasingly budget-conscious consumers.