Arkib Harian: December 18, 2023

Citigroup’s muni-market exit sows fears of a Wall St retreat

Citigroups muni market exit sows fears of a Wall St retreat

New York: For years, small investment banks have been pulling out of the business of underwriting US municipal bonds, leaving the job of raising money for US state and local governments dominated by Wall Street’s giants. Now, there’s concerns that the big banks may start dropping away, too. Citigroup Inc’s …

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APB proposes acquisition of 10.41% stake in Globetronics

APB proposes acquisition of 1041 stake in Globetronics

KUALA LUMPUR: APB Bhd has proposed to diversify into the semiconductor manufacturing and distribution business by acquiring 70 million shares representing a 10.41% stake in Globetronics Technology Bhd for RM140mil. The share sale deal was inked with General Produce Agency Sdn Bhd and Ng Kweng Chong Holdings Sdn Bhd, to …

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Improving catalysts, sentiment to lift Bursa Malaysia

Improving catalysts sentiment to lift Bursa Malaysia

KUALA LUMPUR: Improving catalysts and global optimism are expected to keep Bursa Malaysia on positive territory this week, a dealer says. Rakuten Trade equity research vice-president Thong Pak Leng said from a technical perspective, the week that was had seen the benchmark index close higher than its opening levels each …

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Clorox, Boeing, MGM and more: Why big hacks have surged in 2023

Clorox Boeing MGM and more Why big hacks have surged

Widely disruptive, large-scale hacks are surging. After a lull in 2022, ransomware attacks on high-value targets such as big companies, banks, hospitals or government agencies, have seen a “massive uptick” this year, rising 51% through late November, according to cybersecurity firm Crowdstrike Holdings Inc. Last year, such attacks declined from …

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