<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 13): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday:</div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI rises 0.18% to 1,609.52 on Aug 13, 2024

Europe is set for the coldest winter since Russia’s invasion of Ukraine, pushing up already elevated energy costs as the continent dips into its gas reserves at a faster-than-usual rate.

Europe set for coldest winter since Ukraine War, posing energy risk

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI inches up 0.07% to 1,604.25 on Nov 27, 2024

(Nov 27): The European Central Bank (ECB) needs to be wary of cutting interest rates too far, as borrowing costs are already near a level that no longer restrains the economy and going lower could backfire, according to executive board member Isabel Schnabel.

ECB’s Schnabel sees only limited room for further rate cuts

The retail prices for RON97 and RON95 petrol will remain unchanged at RM3.19 and RM2.05 per litre respectively, from Nov 28 to Dec 4.

Fuel prices unchanged till Nov 4 

Vitasoy International Holdings Ltd is “open” to potential business collaboration opportunities, chief executive officer Roberto Guidetti said, as the beverage maker’s shares jumped the most on record after a Singapore tycoon raised his stake in the firm.

Vitasoy ‘open to collaboration’ as takeover speculation mounts

Prabowo Subianto’s favoured candidate is trailing behind the opposition pick in Jakarta’s governor election in a blow for Indonesia’s new president just a month after he took office.

Prabowo's choice for Jakarta governor trailing behind opposition pick

For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co, followed by a bumper share buy-back. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as the chief executive officer of a group company for the first time in its 86 years.

Samsung gets first woman CEO outside founding family in 86 years

Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 44.25% year-on-year (y-o-y) in October, according to data from a government-affiliated research firm released on Wednesday.

Foreign smartphone sales in China down 44% y-o-y in October, data show

HSBC on Wednesday lost its challenge against a €31.7 million (US$33.4 million or RM148.4 million) EU cartel fine after Europe's second top court sided with EU regulators in the long-running case.

HSBC loses court challenge against US$33.4m EU cartel fine

The Ministry of Health (MOH) will hold a meeting with nurses’ unions on Thursday to gather input and address concerns regarding the increase in working hours for the profession from 42 hours to 45 hours per week, effective Dec 1.

Health Ministry to meet with nurses’ unions on Thursday regarding increased weekly work hours

The High Court has granted former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

Charges dropped against Najib, Irwan in IPIC trial as court grants DNAA

Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.

Analysts raise forecasts, recommend buying Maybank on price weakness after 3Q results

AMMB Holdings Bhd (KL:AMBANK), the country’s sixth-largest bank by assets, sharply raised its dividend payout after reporting a 7% rise in second-quarter net profit from a year earlier on&nbsp;interest income growth.&nbsp;

AMMB lifts dividend payout sharply as 2Q net profit rises 7%

Air fragrance maker Vanzo Holdings Bhd has launched the prospectus for its ACE Market initial public offering (IPO) that may raise up to RM21 million to expand retail presence and marketing activities.

Air fragrance maker Vanzo unveils IPO prospectus to raise up to RM21 mil, shares priced at 15 sen apiece

Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated US$11 billion (RM49 billion) if she wants to avoid execution by lethal injection.

Vietnamese mogul told to refund missing billions to save her life

Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.

Demographic squeeze : Declining birth rates and the rising burden of eldercare

Hong Kong Metropolitan University (HKMU)&nbsp;has signed an agreement to buy a distressed commercial property in the city that China Mobile Hong Kong had sought to purchase, according to people familiar with the matter.

Hong Kong tower seized from tycoon sold to university, Bloomberg reports

The Court of Appeal (COA) on Wednesday overturned a High Court decision two years ago that granted leave (permission) to former Petaling Jaya Member of Parliament Maria Chin Abdullah to challenge a show-cause issued by the Federal Territory Shariah High Court against her for contempt of court.

Appellate court overturns High Court's decision allowing Maria Chin to challenge contempt at Shariah Court

Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts.&nbsp;

ETFs have seen net outflows since late October, according to an&nbsp;analysis&nbsp;by Haitong Securities.

China’s stock rally faces risk as retail enthusiasm seen cooling

Shares of BP Plastics Holding Bhd (KL:BPPLAS) slipped on Wednesday to their lowest in more than nine months after the stretch films manufacturer reported weaker-than-expected third-quarter results.

BP Plastics shares slip to nine-month low as 3Q results disappoint

Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.

Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.

Japan’s top chip distributor eyes acquisitions in China, India

Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a ceasefire agreement.

US stocks hit record high on Israel ceasefire deal

Genetec Technology Bhd (KL:GENETEC), whose share price tumbled to a more than three-year low at end-October, rebounded strongly over recent weeks.

Genetec shares hit three-month high after quarterly result announcement

The Malaysian government has reminded all local firms to ensure they are fully aware of the destinations of their exported goods, as the US has ramped up sanctions on entities and individuals globally with links to Russia.

Tok Mat reminds local firms to be aware of export destinations as US ramps up sanctions against Russia

KUALA LUMPUR (Nov 27): Petronas Gas Bhd (KL:PETGAS) said on Wednesday that its net profit rose 5.4% in the third quarter from a year earlier, as higher offtake and reservation charges lifted revenue, and boosted by currency gains.

Petronas Gas’ 3Q net profit edges up 5.4%, declares 18 sen dividend

CCK Consolidated Holdings Bhd (KL:CCK) may deliver stronger earnings ahead, analysts said as they upgraded their recommendations while investors cheered the poultry firm’s third-quarter results.

CCK to see stronger earnings ahead as analysts upgrade ratings, investors cheer 3Q results

Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming US President Donald Trump, a day after he pledged new levies on Canada, Mexico and China.

Asian stocks weak amid Trump tariff worries; yen firm

Prime Minister Datuk Seri Anwar Ibrahim is set to unveil an affordable housing project next month, backed by an RM13 billion investment, Housing and Local Government Minister Nga Kor Ming said.

Nga: PM to announce RM13b affordable housing project next month

KUALA LUMPUR (Nov 27):&nbsp;IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony&nbsp;for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey building, which has 463 aparthotel rooms and 79 residential units.

IJM Land breaks ground for Royal Mint Gardens phase two in London

Eight people have filed a RM60 million class action suit against the World Health Organization (WHO), its director general Dr Tedros Adhanom Ghebreyesus, vaccine companies Pfizer Inc and Sinovac Biotech Ltd (Beijing), and 21 others, including current and former government officials, for damages in relation to Covid-19 vaccinations that had been made compulsory.