Hibiscus unit files writ of summons against Lime Petroleum

KUALA LUMPUR (Oct 12): Hibiscus Petroleum Bhd's wholly-owned subsidiary Gulf Hibiscus Ltd (GHL) has filed a writ of summons against Lime Petroleum Norway AS, which it said has caused the unit financial losses. The legal action follows GHL's filing of the complaint at...

IOI Corp directors to deal in securities during close period

KUALA LUMPUR (Oct 12): IOI Corp Bhd directors Tan Sri Lee Shin Cheng, Datuk Lee Yeow Chor and Lee Yeow Seng have given notices on their intention to deal in securities of the plantation group during the close period ahead of the announcement of the company's first...

KLCI up 0.79% in technical rebound, Maybank and TNB lift

KUALA LUMPUR (Oct 12): The FBM KLCI rose 0.79% in a technical rebound at the midday break today, snapping its seven-day losing streak, lifted by index heavyweights including Malayan Banking Bhd (Maybank) and Tenaga Nasional Bhd (TNB). At 12.30pm, the FBM KLCI rose...

FBM KLCI components rebound after two-day knee-jerk reaction

KUALA LUMPUR (Oct 12): More than half of FBM KLCI components have rebounded in this morning's trading session after what seemed like a knee-jerk reaction to US stocks tumbling over the past two days. Leading the rebound, top stocks include Tenaga Nasional Bhd, which...