Fri07202018

LAST_UPDATEFri, 20 Jul 2018 8am

June 20: Ringgit Rebounds To 3.9 Level Against US Dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning, reversing yesterday’s losses.

Read more: June 20: Ringgit Rebounds To 3.9 Level Against US Dollar

June 20: Bursa Snaps Losing Streak, Opens Higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place.

Read more: June 20: Bursa Snaps Losing Streak, Opens Higher

Starbucks Closing Cafes; CEO Calls Performance 'not Acceptable'

Pic: ReutersStarbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.

Read more: Starbucks Closing Cafes; CEO Calls Performance 'not Acceptable'

Hackers Hit South Korean Cryptocurrency Exchange Bithumb, Bitcoin Falls

Pic: ReutersSEOUL: South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange to suffer the fate in just over a week as cyber thieves exposed high risks of trading the digital asset.

Read more: Hackers Hit South Korean Cryptocurrency Exchange Bithumb, Bitcoin Falls

Bursa Snaps Eight-day Losing Streak

Pic: ReutersKUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place.

Read more: Bursa Snaps Eight-day Losing Streak

Maxis Appoints Gokhan Ogut As COO

KUALA LUMPUR : Maxis Bhd has appointed Gokhan Ogut as its chief operating officer (COO) from Sept 1. The position was left vacant since 2013.

Read more: Maxis Appoints Gokhan Ogut As COO

Mobile Carriers Cut Off Flow Of Location Data To Brokers

Verizon, AT&T, Sprint and T-Mobile have pledged to stop providing information on U.S. phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy.

Read more: Mobile Carriers Cut Off Flow Of Location Data To Brokers

Google, Facebook, Others Speak Out Against Child Separation

Some business leaders are condemning the Trump administration’s decision to separate children from parents who are accused of crossing the border illegally, but it’s unclear what impact — if any — they will have.

Read more: Google, Facebook, Others Speak Out Against Child Separation

Osaka Earthquake: MAS Allows Passenger To Postpone Flight

KUALA LUMPUR -- In view of the recent earthquake in Osaka, Japan, Malaysia Airlines (MAS) will allow passengers travelling from June 19 to 30 to postpone their travel between Kuala Lumpur and Kansai. 

Read more: Osaka Earthquake: MAS Allows Passenger To Postpone Flight

Bursa Malaysia Ends At Over 6 1/2-Month Low

KUALA LUMPUR -- Bursa Malaysia ended at a six-and-a half month low with the FTSE Bursa Malaysia KLCI (FBM KLCI) losing 28.07 points or 1.61 per cent to 1,715.36, the lowest level seen since Dec 4, 2017, in tandem with losses in regional bourses which were reeling under the escalating trade war between the United States and China.

Read more: Bursa Malaysia Ends At Over 6 1/2-Month Low