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China's Ligent seeks about US$723 mil in Hong Kong IPO, targets AI-related expansion
13+ hour, 12+ min ago (361+ words) (Sept 14): China's Ligent Technologies seeks to raise about HK$5.67 billion (US$723 million) in a Hong Kong initial public offering (IPO) to fund product development and expand production, showed a prospectus filed at the stock exchange on Monday. The maker of…...
Shares slip in Asia as oil climbs, rate hikes loom
15+ hour, 26+ min ago (579+ words) SYDNEY (Sept 14): Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes…...
Analysts see Bermaz Auto’s 1Q beat as start of FY2027 recovery
3+ day, 12+ hour ago (446+ words) KUALA LUMPUR (Sept 11): Analysts turned bullish on Bermaz Auto (KL:BAUTO) after a rebound in 1Q earnings, prompting upgrades to reflect better-than-expected growth for FY2027. RHB Research upgraded Bermaz Auto to "buy" from "neutral", with a higher RM1.15 target price from RM1.00, implying 24% upside,…...
Wall St slips after hotter-than-expected producer inflation data
3+ day, 22+ hour ago (555+ words) (Sept 11): Wall Street's main indices fell on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil prices above US$100 (RM406.61) a barrel. At 12.11pm ET,…...
US producer prices increase as expected in August
4+ day, 1+ hour ago (443+ words) WASHINGTON (Sept 10): US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor…...
Rubber glove stocks rally as Brent crude tops US$100
4+ day, 3+ hour ago (660+ words) KUALA LUMPUR (Sept 10): Rubber glove counters on Bursa Malaysia rallied broadly on Thursday, lifted by higher crude oil prices and a recent price hike by China's leading glove maker Intco Medical Technology Co Ltd. Higher oil prices raise the cost…...
Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs — Reuters
4+ day, 4+ hour ago (284+ words) (Sept 10): Beijing-based AI start-up Moonshot is considering dual listings in Hong Kong and Shanghai to boost fundraising and exposure, the South China Morning Post reported on Thursday, citing two people familiar with the matter. The developer of the Kimi large…...
AB Foods' Primark to offer home delivery in Britain
4+ day, 6+ hour ago (420+ words) LONDON (Sept 10): Primark, the budget fashion chain being spun off from Associated British Foods, will launch home delivery in Britain, the group said on Thursday, ending its long-standing resistance to direct-to-consumer online sales. The FTSE 100 group, which confirmed in April…...
TSMC revenue rises 53% as AI chip demand outstrips supply
4+ day, 6+ hour ago (397+ words) The Edge Malaysia (Sept 10): Taiwan Semiconductor Manufacturing Co reported a 53.3% increase in monthly sales, with the company struggling to meet overwhelming demand from the global AI infrastructure buildout. Revenue in August reached NT$514.8 billion (US$16.3 billion or RM66.3 billion). Analysts on…...
ECB to hike interest rates again as Iran war fans inflation
4+ day, 8+ hour ago (707+ words) (Sept 10): The European Central Bank is set to raise borrowing costs for the second time since the Iran war sent energy prices soaring, with inflation locked well above target and the region’s economy proving surprisingly robust. The deposit rate will…...