Category: Stock Market News

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Japan: Stocks likely to mark 7th day of losses, Sony falls

TOKYO – Japan’s Nikkei share average fell on Wednesday and appeared on track to log its seventh consecutive session of losses as rising bond yields of indebted Spain and Italy spooked investors amid slowing global growth concerns.

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Apple out to kill widespread Macintosh virus

SAN FRANCISCO – Apple on Tuesday said it is crafting a weapon to vanquish a Flashback virus from Macintosh computers and working to disrupt the command network being used by hackers behind the infections.

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HK: Shares open 1.4% lower

HONG KONG – Shares fell 1.41 per cent in opening trade on Wednesday as uncertainty over global growth prospects, and resurfacing worries about debt restructuring in the euro zone, prompted investors to continue trimming their risk exposures.

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Malaysia: Stock market closed for holiday

SINGAPORE – Bursa Malaysia is closed on Wednesday to mark the installation of a new king for the nation. Trading will resume on Thursday.

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Singapore: Weak start

SINGAPORE – Singapore shares fell on Wednesday, following losses on Wall Street overnight as concerns over European debt resurfaced after yields on Italian and Spanish debt climbed.

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Japan’s core machinery orders rise 4.8% in February

TOKYO – Japan’s core machinery orders jumped 4.8 per cent in February from the previous month, official figures showed Wednesday, beating market expectations of a contraction.

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Eurozone may have reached turning point: OECD

PARIS – The eurozone economy may have reached a potential turning point, though economic activity in major economies like Italy and France is likely to remain sluggish, the OECD said on Tuesday.

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M’sia: Shares close 5.89pts higher

Malaysian shares closed higher on Tuesday with the Kuala Lumpur Composite Index gaining 5.89 points to 1,597.17.

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FSL offers variable charter rates to TORM, receives equity stake

First Ship Lease Trust (FSL) on Tuesday said it has renegotiated charter terms for the two product tankers leased by TORM.

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Ascendas, Frasers Centrepoint develop new Changi lifestyle hub

Ascendas Land and Frasers Centrepoint jointly announced on Tuesday the launch of new lifestyle hub Changi City Point.

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