SAN FRANCISCO, May 3 Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting today, and a defeat for the maker of Fortnite could make it harder for US government regulators to pursue a similar case against...

Win or lose at the trial, Epic Games, which has ...

https://www.malaymail.com/news/money/2021/05/03/in-apple-versus-epic-games-courtroom-battle-is-only-half-the-fight/1971180

#TheMalayMailMoney

KUALA LUMPUR, May 3 The ringgit opened easier against the US dollar today on lack of demand for the local currency, but was mostly higher versus other emerging currencies. At 9am, the local currency stood at 4.0990/1030 against the greenback...

At 9am, the local currency stood at 4.0990/1030 ...

https://www.malaymail.com/news/money/2021/05/03/ringgit-opens-easier-against-us-dollar26/1971209

#TheMalayMailMoney

KUALA LUMPUR, May 3 The pace of foreign net selling slowed down last week as foreign investors disposed of RM376.5 million net of local equities versus the RM490.3 million net the week before. For April 2021, Bursa Malaysia saw foreign investors...

For April 2021, Bursa Malaysia saw foreign ...

https://www.malaymail.com/news/money/2021/05/03/bank-islam-foreign-net-selling-eases-to-rm376.5-mln-last-week/1971219

#TheMalayMailMoney

HONG KONG, May 3 Asian markets mostly fell today following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from...

Pedestrians walk past an electric quotation board ...

https://www.malaymail.com/news/money/2021/05/03/asian-markets-mostly-down-as-inflation-concerns-persist/1971300

#TheMalayMailMoney

KUALA LUMPUR, May 3 Bursa Malaysia ended the day weaker on persistent profit-taking seen in almost all heavyweight counters, led by Top Glove, IHH and Hartalega. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.92 points to 1,590.73 from...

An investor monitors the stock prices in the ...

https://www.malaymail.com/news/money/2021/05/03/bursa-malaysia-ends-weaker/1971342

#TheMalayMailMoney

OAKLAND, May 4 The chief executive of Fortnite creator Epic Games testified yesterday that he knew he was breaking Apple Incs App Store rules by putting Epics own in-app payment system into the game last year but wanted to highlight...

The trial, expected to run three weeks, brings to a head ...

https://www.malaymail.com/news/money/2021/05/04/epic-games-ceo-cites-apples-total-control-over-iphones-at-first-day-of-anti/1971428

#TheMalayMailMoney

NEW YORK, May 4 Squarespace Inc has registered roughly 40 million shares for its direct listing in New York later this month, marking another win for advocates of the increasingly popular alternative to the initial public offering (IPO). Founded...

Squarespace joins a clutch of high-profile ...

https://www.malaymail.com/news/money/2021/05/04/squarespace-last-valued-at-us10b-sets-stage-for-direct-listing-in-new-york/1971440

#TheMalayMailMoney

NEW YORK, May 4 Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers. Speaking at...

Speaking at Berkshire Hathaway Incs annual ...

https://www.malaymail.com/news/money/2021/05/04/robinhood-hits-back-at-buffett-for-retail-trading-comments/1971472

#TheMalayMailMoney

HONG KONG, May 4 Asias share markets were mostly higher today as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. MSCIs broadest index of Asia-Pacific shares...

The Nasdaq Composite dropped 0.48 per cent, to 13,895.12 ...

https://www.malaymail.com/news/money/2021/05/04/asias-share-markets-edge-up-on-recovery-signals/1971503

#TheMalayMailMoney

KUALA LUMPUR, May 4 Bursa Malaysia turned positive at mid-morning on renewed buying in selected heavyweight counters, led by Hartalega and Petronas Chemicals. Hartalegas shares rose by 22 sen to RM10.20 per unit, while Petronas Chemicals...

Market breadth was positive with gainers edging past ...

https://www.malaymail.com/news/money/2021/05/04/bursa-malaysia-turns-positive-at-mid-morning/1971519

#TheMalayMailMoney

KUALA LUMPUR, May 7 Bursa Malaysia stayed in positive territory at mid-afternoon, backed by persistent buying in healthcare stocks. At 3pm, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) improved 5.10 points to 1,583.43 from yesterdays...

At 3pm, the benchmark index FTSE Bursa ...

https://www.malaymail.com/news/money/2021/05/07/bursa-malaysia-stays-positive-at-mid-afternoon5/1972435

#TheMalayMailMoney

, May 8 The United States added just 266,000 jobs in April a quarter of the number expected in a surprise setback for President Joe Bidens efforts to revive an economy blighted by the Covid-19 pandemic. The weak hiring also...

On Wall Street, the Dow and S&P 500 finished at record highs, with ...

https://www.malaymail.com/news/money/2021/05/08/disappointing-april-jobs-data-pose-new-challenge-for-biden-agenda/1972550

#TheMalayMailMoney

KUALA LUMPUR, May 6 MISC Bhd has returned to the black in the first quarter ended March 31, 2021 (Q1), registering a net profit of RM429.80 million compared with a net loss of RM1.16 billion recorded in the same quarter last year. Revenue for...

Revenue for the quarter under review inched up 1.1 ...

https://www.malaymail.com/news/money/2021/05/06/misc-returns-to-black-in-q1-net-profit-at-rm429.8m/1972091

#TheMalayMailMoney

NEW YORK, May 6 Wall Street stocks were little changed early today following upbeat US jobs data, while both Pfizer and Moderna slumped on worries about diminished profits from Covid-19 vaccines. US Labor Department said new applications for...

People walk on Wall St. outside the New York Stock ...

https://www.malaymail.com/news/money/2021/05/06/us-stocks-flat-as-pfizer-moderna-shares-tumble/1972263

#TheMalayMailMoney

, May 7 Americans filed 92,000 fewer applications for unemployment aid last week, the government reported Thursday, in the latest sign the widespread job losses caused by the Covid-19 pandemic was ebbing as businesses reopen. The...

People line up outside a Kentucky Career Center hoping to find ...

https://www.malaymail.com/news/money/2021/05/07/us-govt-new-jobless-claims-plunged-92000-last-week/1972297

#TheMalayMailMoney

TOKYO, May 7 The dollar stayed under modest pressure on Friday ahead of a key US jobs report that could cement expectations of a strong economic recovery and fan investor appetite for stocks, higher-yielding currencies and commodities. The...

The dollar stayed under modest pressure on Friday ahead...

https://www.malaymail.com/news/money/2021/05/07/dollar-on-backfoot-ahead-of-us-jobs-data/1972331

#TheMalayMailMoney

KUALA LUMPUR, May 7 Malaysias Industrial Production Index (IPI) is expected to remain on a rebound mode until year-end after surging 9.3 per cent year-on-year in March 2021. Public Investment Bank Bhd (PIVB) said the growth...

Malaysias Industrial Production Index (IPI) is expected to ...

https://www.malaymail.com/news/money/2021/05/07/public-investment-bank-malaysias-ipi-expected-to-continue-rebounding-till-y/1972361

#TheMalayMailMoney

, May 14 Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data. All three major US stock indexes notched solid gains, with the S&P...

File picture shows a worker cleaning the floor of the New ...

https://www.malaymail.com/news/money/2021/05/14/us-stocks-end-higher-in-buy-the-dip-session/1974016

#TheMalayMailMoney

, May 14 The United States needs new trade law tools to head off anti-competitive threats from China against key American high-technology industries, rather than reacting once harm is done, US Trade Representative Katherine Tai said on...

Tai's remarks on Thursday add detail on her desire for ...

https://www.malaymail.com/news/money/2021/05/14/us-trade-chief-new-legal-tools-needed-to-combat-future-china-threats/1974014

#TheMalayMailMoney

NEW YORK, May 12 US stocks closed lower yesterday as rising commodity prices and labour shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three...

Market participants will scrutinise the Labour ...

https://www.malaymail.com/news/money/2021/05/12/wall-street-closes-lower-as-inflation-jitters-spark-broad-sell-off/1973543

#TheMalayMailMoney

KUALA LUMPUR, May 12 Shares of Public Bank rose today and the counter was among the top five actively traded stocks on Bursa Malaysia this morning, hours after the banking group announced record first-quarter net profit. As at 9.06am, the...

Gains in Public Bank was the major contributor to ...

https://www.malaymail.com/news/money/2021/05/12/public-bank-shares-shine-in-early-trade/1973611

#TheMalayMailMoney

KUALA LUMPUR, May 12 Bursa Malaysia was slightly higher at mid-morning despite a minor volatility in its key index amid the emergence of bargain-hunting ahead of the long holiday break. At 11.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM...

Strong buying momentum was also seen in the small ...

https://www.malaymail.com/news/money/2021/05/12/bursa-malaysia-slightly-higher-at-mid-morning2/1973622

#TheMalayMailMoney

SYDNEY, May 12 An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond...

Analysts said a combination of inflation fears and ...

https://www.malaymail.com/news/money/2021/05/12/inflation-anxiety-jolts-stocks-asia-tumbles-to-two-month-lows/1973634

#TheMalayMailMoney

KUALA LUMPUR, May 11 The ringgit fell against the US dollar in early trade today ahead of the announcement of Malaysias economic growth for the first quarter of 2021 later. At 9.01am, the local currency eased to 4.1100/1160 against the...

At 9.01am, the local currency eased to 4.1100/1160 against ...

https://www.malaymail.com/news/money/2021/05/11/ringgit-eases-against-us-dollar-in-early-trade2/1973261

#TheMalayMailMoney

KUALA LUMPUR, May 11 Bursa Malaysia edged lower across the board this morning, weighed down by weak sentiment as the movement restrictions were extended to cover the whole country and ahead of the first quarter 2021 gross domestic product...

On the broader market, losers hammered gainers 644 to 75...

https://www.malaymail.com/news/money/2021/05/11/weak-sentiment-weighs-on-bursa-malaysia-in-early-trade/1973265

#TheMalayMailMoney

TOKYO, May 11 Tokyos benchmark Nikkei index closed down more than three per cent today as tech shares were hit by selling pressure following a plunge in the Nasdaq on Wall Street. The Nikkei 225 index sank 3.08 per cent, or 909.75 points, to...

The Nikkei 225 index sank 3.08 per cent, or 909.75 ...

https://www.malaymail.com/news/money/2021/05/11/tokyos-nikkei-closes-down-more-than-3-per-cent-on-tech-sell-off/1973361

#TheMalayMailMoney

LONDON, May 11 Europes major stock markets dived by more than 1.5 per cent at the open today, joining a global selloff on heightened inflation fears. Londons benchmark FTSE 100 index of top blue-chip companies sank 1.8 per cent to 6,999.21...

Londons benchmark FTSE 100 index of top blue-chip ...

https://www.malaymail.com/news/money/2021/05/11/european-stocks-sink-at-open-in-global-selloff1/1973362

#TheMalayMailMoney

, May 15 Expect choppiness in the US economic recovery as different sectors bounce back at varying speeds, but inflation will not be a longterm problem, a top White House official said yesterday. Cecilia Rouse, chair of the...

Rouse said this weeks figures showing a leap in consumer prices, as ...

https://www.malaymail.com/news/money/2021/05/15/expect-choppiness-in-us-economic-recovery-says-white-house/1974238

#TheMalayMailMoney

MUMBAI, May 1 Indian conglomerate Reliance Industries saw its quarterly profits more than double between January and March, the firm said yesterday, boosted by a turnaround in its key oil and retail businesses. The Mumbai-based behemoth ...

Reliance Industries said its consolidated net profit for ...

https://www.malaymail.com/news/money/2021/05/01/profits-at-indias-reliance-double-on-oil-retail-recovery/1970803

#TheMalayMailMoney

BRUSSELS, May 1 The eurozone economy fell into a second recession in less than a year in the first quarter, data showed yesterday, as slow vaccinations and pandemic lockdowns stopped a rebound. The 0.6 per cent contraction was in stark contrast...

Germany was the major drag on growth in January to...

https://www.malaymail.com/news/money/2021/05/01/eurozone-enters-double-dip-recession-but-better-days-ahead/1970828

#TheMalayMailMoney