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LAST_UPDATESat, 23 Jun 2018 9pm

What Trade War? FAANGs Scale New Highs

Pic: ReutersFour of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.

Read more: What Trade War? FAANGs Scale New Highs

Asian Shares Edge Ahead, Oil Subdued Before OPEC Meeting

Pic: Reuters

SYDNEY: Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude.

Read more: Asian Shares Edge Ahead, Oil Subdued Before OPEC Meeting

TM Among Top Losers On Bursa After Broadband Price Cut Announcement

Telekom Malaysia

KUALA LUMPUR -- Telekom Malaysia Bhd (TM) was the third biggest loser on Bursa Malaysia this morning, on news that Malaysia's broadband price is expected to fall by at least 25 per cent by year-end.

Read more: TM Among Top Losers On Bursa After Broadband Price Cut Announcement

Stocks Finish Mostly Higher As Tech And Media Companies Lead

NEW YORK  — U.S. stocks rose Wednesday as investors bet that technology companies and small, domestically-focused firms will continue to do well even if the trade dispute between the U.S. and China gets worse. Media companies jumped after Disney reached a new deal with Twenty-First Century Fox.

Read more: Stocks Finish Mostly Higher As Tech And Media Companies Lead

Bursa Malaysia Opens Higher, But Retreats Thereafter

KUALA LUMPUR  -- Bursa Malaysia opened higher, but retreated thereafter today, amid the mixed performance of regional peers and as markets remained uncertain about the US-China trade spat.

Read more: Bursa Malaysia Opens Higher, But Retreats Thereafter

Former Employee Sued By Tesla Says He Was A Whistleblower, Alarmed By Company Practices And Elon Musk

Tesla sued a former employee Wednesday, accusing the man of hacking the automaker's computer systems and stealing company secrets, shedding light on what chief Elon Musk had suggested was the work of a secretive internal saboteur.

Read more: Former Employee Sued By Tesla Says He Was A Whistleblower, Alarmed By Company Practices And Elon...

Top Central Banks See Growing Trade War Gloom

Pic: Reuters

SINTRA: A developing trade war between the world's biggest economies is weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful policymakers argued yesterday.

Read more: Top Central Banks See Growing Trade War Gloom

Oil Prices Dip As Iran Signals Support For Small OPEC Supply Increase

SINGAPORE: Oil prices dipped on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22.

Read more: Oil Prices Dip As Iran Signals Support For Small OPEC Supply Increase

I-Pay MYEG Aims To Expand Business In The Philippines

KUALA LUMPUR -- MY E.G. Services Bhd’s (MyEG) associate company I-Pay MYEG Philippines Inc (IPMPI), which recently clinched a concession to act as the electronic payment gateway service provider for Quezon City, plans to spread its wings to the Cagayan Special Economic Zone and Freeport in Luzon. 

Read more: I-Pay MYEG Aims To Expand Business In The Philippines

Japan's Exports Facing Risks From Trade Protectionism - RAM Ratings

KUALA LUMPUR -- Increasing protectionism among trading partners is among the downside risks affecting Japan’s exports in the second half of 2018.

Read more: Japan's Exports Facing Risks From Trade Protectionism - RAM Ratings