Wednesday, September 22, 2021

market

Rats, drought and labour shortages eat into global edible oil recovery

Malaysia is facing a perfect storm of production headwinds that will likely drag global stocks to their lowest level in five years.

Xiaomi grabs number two spot in surging smartphone market, survey shows

Samsung holds its top position with Apple in third place and Oppo and Vivo in fourth and fifth.

Facebook worth US$1 trillion for the first time ever

The company's shares soared after a judge threw out accusations of it having a monopoly because it owns WhatsApp and Instagram.

Palm oil prices hit highest in over 10 years

This is attributed to strong sentiment in the crude oil market coupled with the surge in the Chicago soybean oil market.

Glove giant Top Glove applies for Hong Kong listing

Top Glove hopes the listing will enable it to raise capital for its global business growth, as well as worldwide expansion and strategic investments.

Bitcoin market hits US$1 trillion in value

Bitcoin has set a blistering record pace, blasting past US$50,000 on Tuesday, a week after Tesla revealed it had invested US$1.5 billion in the unit.

Eager traders race to buy hot app Clubhouse stock, or so they thought

Confused investors waste millions of dollars every year buying the wrong shares.

‘BursaBets’ causes rise in Top Glove stocks as GameStop fiasco reaches Malaysia

Top Glove stocks saw a 8% rise a day after BursaBets was set up while similar companies saw gains as well.

Once among Asia’s worst currencies, ringgit now on the road to recovery

An improving global economic outlook and the deployment of Covid-19 vaccines have boosted the ringgit’s appeal.

Ringgit hits below 4.0 against dollar in strongest performance since 2018

As at 10.30am, the currency was trading at RM3.95 against the US dollar.

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