Insurers buy mortgages outright in new twist
Yield-hungry insurance firms are adopting an unconventional strategy. They’re skipping mortgage-backed bonds and buying the underlying whole loans outright.
Category: Corporate News
Warner Bros Discovery considering break up to boost stock price, FT reports
WARNER Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses…
IOI studies landbank monetisation for RE
IOI Corp Bhd is currently evaluating potential landbank monetisation for some of its aged plantation land areas for renewable energy…
Gamuda alliance bags RM5bil rail signalling project in Perth
KUALA LUMPUR: Gamuda Bhd via a joint venture with a unit of Paris-listed Alstom France has been awarded a A$1.6bil…
MyEG to gain from Malaysia-China trade growth
MyEG Services Bhd (MyEG) will be able to expand the monetisation avenues for its blockchain segment with the introduction of…
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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Bursa Malaysia.
Robust global chip sales a boon for tech players
Stronger earnings are in store for Malaysian outsourced semiconductor assembly and test (Osat) players in the second half of 2024…
Miner BHP hits guidance with record iron ore production
BHP Group Ltd’s iron ore output climbed 6% in the three months to the end of June, taking the global…
Public Bank can ride on provision write-backs
Public Bank Bhd has the strongest headroom among its peers for potential provision write-backs, making it an attractive stock as…