Breakfast briefing

MarketWrap: US stocks ascended on Thursday, drove by increases in bank shares, a day after the Federal Reserve raised financing costs for the second time in almost 10 years. - Reuters 

The DJIA rose 59.71 focuses, or 0.3%, to 19,852.24, the S&P 500 increased 8.75 focuses, or 0.39%, to 2,262.03 and the Nasdaq included 20.18 focuses, or 0.37%, to 5,456.86. 

Forex synopsis 

*The ringgit lost 0.06% to 4.4683 for each US$ 

*It was 0.81% higher at 4.6550 for every euro 

*Up 1.15% to 5.5369 for every pound sterling 

*Up 0.37% to 3.0973 for every Singapore dollar 

*0.75% higher to 3.2869 for every Aussie 

*0.04% bring down at 3.7804 for every 100 yen 

Vitality 

Oil settled little-changed on Thursday subsequent to sliding to its most minimal level in a week in unpredictable exchange, however a surging dollar did not weight costs underneath specialized bolster levels as Opec individuals told clients they would cut unrefined supplies. Brent prospects for February conveyance picked up 12 pennies, or 0.2%, to settle at US$54.02 per barrel. - Reuters 

Beat outside stories 

21st Century Fox seals US$14.8b Sky purchase: Rupert Murdoch's 21st Century Fox on Thursday fixed a US$14.8 billion (RM66 billion) money arrangement to take control of container European pay-TV monster Sky and make a worldwide excitement titan. It achieved a formal consent to purchase the 61% stake in Sky that it doesn't officially possess. - AFP 

Lonza needs ton to get US medicate case creator Capsuge: Lonza to get US sedate case producer Capsugel from KKR for US$5.5b: Swiss producer of cases and other medication conveyance frameworks, from KKR and Co LP for US$5.5 billion in real money to expand its item extend. - Reuters 

Best neighborhood stories 

TNB eyes abroad development: Tenaga Nasional Bhd (TNB) is intending to determine 20% of its benefits from abroad by 2025 to balance moderating development locally. TNB CFO Datuk Fazlur Rahman Zainuddin ays the gathering is taking a gander at circumstances that will give it long haul practical development. - StarBiz 

Felcra won't take stake in KFM: In an unforeseen about turn, the Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra) reported that it will stop "all exploratory interest" to take a stake in Kuantan Flour Mills Bhd (KFM). - StarBiz 

YNH arrangements to offer clinic to Pantai Medical Center: Property engineer YNH Property Bhd expects to discard a healing facility office in Perak to Pantai Medical Center Sdn Bhd for RM63mil. - StarBiz 

Sime Darby dispatches Robin Food application: Sime Darby Bhd has propelled the nation's first-since forever surplus sustenance application called Robin Food, which was the triumphant thought amid the Sime Darby Young Innovators Challenge held in June this year. - StarBiz 

REDtone reports misfortune because of higher working expenses: REDtone International Bhd posted a net loss of RM2.63mil for the second quarter because of higher working expenses and outside trade misfortunes. Its income rose to RM39.26mil. - Reuters 

Hiap Teck contracts misfortune: Steel pipe producer Hiap Teck Venture Bhd limited its misfortunes to RM958,000 from RM37.22mil a year prior, on enhanced edges and lower share of misfortunes at its partner Eastern Steel Sdn Bhd. Its income fell 12% to RM279.12mil. - StarBiz 

MRT Corp to honor more employments: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) will grant the first of nine station bundles for the second MRT extend – the Sungai Buloh-Serdang-Putrajaya line – one week from now. - StarBiz 

Beat Glove benefit down on lower offering costs: Top Glove Corp Bhd's net benefit fell 42.9% to RM73.32mil in the principal quarter. The glove producer's income dropped 1.8% to RM785.6mil, in spite of development in deals volume of 7%, because of the lower normal offering cost and weaker US dollar. - StarBiz 

Najib: RM2b saved money on MRT extend: About RM2 billion has been spared from the underlying focused on cost for the mass fast travel (MRT) extend, said Datuk Seri Najib Razak. The head administrator said the venture could be actualized at a cost of about RM21 billion contrasted and the focused on cost of RM23 billion in the underlying stage. - Edge FD 

IMF ventures 4.5% GDP development for Malaysia in 2017: Malaysia's genuine total national output (GDP) development is anticipated to increment to around 4.5% in 2017, says the International Monetary Fund (IMF). It said Malaysia's economy keeps on performing great notwithstanding critical headwinds. 

The genuine GDP development is anticipated at 4.2% for 2016, supported by versatile local request, it included. - Edge FD 

Scientex peering toward a greater bit of US market: Packaging maker Scientex Bhd is looking at to extend its client base in the US with its new extend lm plant in Arizona. - Edge FD 

Hong Leong Bank sets up Labuan branch: Hong Leong Bank Bhd has set up a branch Labuan International Business and Financial Center to grow its local impression. - Edge FD

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