U.S. stocks fell for the second time this week, led by energy and industrial shares, after a worse- than-forecast manufacturing report and higher stockpiles of oil spurred concern that the economy has fallen into a recession. (Bloomberg, Friday 22 Feb)
The Asian markets are set to open low following the bearish trend in US. Will Fed "rescue" again with another round of interest rates cut?
Local headlines...
PROTON Holdings Bhd yesterday announced its second successive quarter of net profit, at RM10.33 million, supported by improved cost management and sales of the new Persona 1.6-litre and Saga 1.3-litre models. (BTimes)
SHARES of Gamuda Bhd, Malaysia's second biggest builder, suffered their biggest drop in 10 years yesterday, after managing director Datuk Lin Yun Ling reduced his stake in the company to 1.73 per cent from 5.23 per cent. (Btimes) Shaky investors confidence to continue?
The Asian markets are set to open low following the bearish trend in US. Will Fed "rescue" again with another round of interest rates cut?
Local headlines...
PROTON Holdings Bhd yesterday announced its second successive quarter of net profit, at RM10.33 million, supported by improved cost management and sales of the new Persona 1.6-litre and Saga 1.3-litre models. (BTimes)
SHARES of Gamuda Bhd, Malaysia's second biggest builder, suffered their biggest drop in 10 years yesterday, after managing director Datuk Lin Yun Ling reduced his stake in the company to 1.73 per cent from 5.23 per cent. (Btimes) Shaky investors confidence to continue?
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