Tue05222018

LAST_UPDATETue, 22 May 2018 12pm

Bursa Malaysia Opens Lower On Wall Street Slide

KUALA LUMPUR -- Bursa Malaysia opened lower across-the-board today, dragged down by a lower close on Wall Street overnight, dealers said.

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Asia Stocks Pummeled By Fresh Wall Street Slide, Safe Havens In Demand

TOKYO: Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil.

Read more: Asia Stocks Pummeled By Fresh Wall Street Slide, Safe Havens In Demand

MIFF 2018 Eyes Five Pct Increase In Sales

KUALA LUMPUR -- The Malaysian International Furniture Fair (MIFF) 2018 is eyeing an about five per cent increase in sales this year, despite the recent rise in the ringgit against the US dollar.

Read more: MIFF 2018 Eyes Five Pct Increase In Sales

MITI Eyes 10,000 E-Commerce Companies Joining DFTZ

KUALA LUMPUR -- The International Trade and Industry Ministry (MITI) is targeting to increase the number of companies coming onboard the Digital Free-Trade Zone (DFTZ) e-commerce platform to about 10,000 by year-end from 1,998 last November. 

Read more: MITI Eyes 10,000 E-Commerce Companies Joining DFTZ

Netherlands Opposes EU Palm Oil Ban

KUALA LUMPUR: The Netherlands has joined a few other European Union (EU) countries opposing the proposed ban on palm oil by the European Parliament.

Read more: Netherlands Opposes EU Palm Oil Ban

Blockchain Name-Grabbing Has Echoes Of Dotcom Bubble

Pic: ReutersLONDON: If you want a quick boost to your company’s share price, adding “blockchain” to your name will work – at least for a while.

Read more: Blockchain Name-Grabbing Has Echoes Of Dotcom Bubble

Qatar Central Bank Tells Banks Not To Deal In Bitcoin, Other Cryptocurrencies

Pic: ReutersDOHA: Qatar's central bank has warned banks and other financial institutions not to trade in bitcoin or any other cryptocurrency, according to financial sources and a circular seen by Reuters.

Read more: Qatar Central Bank Tells Banks Not To Deal In Bitcoin, Other Cryptocurrencies

NR, Rubber-Based Products Shine In 2017 With Export Up 30.2 Pct To RM32.3 Bln -- Mah

Datuk Seri Mah Siew Keong

KUALA LUMPUR — The natural rubber and rubber-based products were the ‘stars’ in 2017, with export up 30.2 per cent to RM32.3 billion, said Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong.

Read more: NR, Rubber-Based Products Shine In 2017 With Export Up 30.2 Pct To RM32.3 Bln -- Mah

Toys R Us Seeks UK Offers This Week As Future Hangs In Balance

Toys R Us is seeking offers for its loss-making UK arm before the end of this week as fears grow for the fate of one of the high street's best-known retailers - and the jobs of more than 3,000 workers.

Read more: Toys R Us Seeks UK Offers This Week As Future Hangs In Balance

Amazon's Market Value On Verge Of Beating Out Microsoft

SAN FRANCISCO - Amazon.com Inc (AMZN.O) on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp’s (MSFT.O) for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.

Read more: Amazon's Market Value On Verge Of Beating Out Microsoft