Malaysian shares managed to turn around their recent decline on Wednesday, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) closing at 1,512.98. Top Performers Tenaga Nasional (5347) emerged as the day's biggest gainer, rising 2.3%. Following closely behind was real estate firm KLCC Property Holdings (5235SS), which saw a 1.7% increase. CELCOMDIGI (6947), a … [Read more...] about Malaysian Shares Rebound After Previous Dip
Forex News
GSK Raises Long-Term Sales Outlook
GSK, the British pharmaceutical giant, has significantly raised its long-term sales outlook for the period between 2026 and 2031. The company anticipates that the launch of new drugs and vaccines will propel its annual sales to reach £38 billion by the beginning of the next decade. One of the key factors contributing to this positive projection is the hugely successful release … [Read more...] about GSK Raises Long-Term Sales Outlook
Ermenegildo Zegna Reports Strong Revenue Growth
Ermenegildo Zegna, the renowned Italian fashion house, experienced a significant increase in revenue in the latest quarter, primarily due to its successful presence in the United States and a rebound in the Chinese market. As a result, the company's shares rose by 6.2% to $12.20 at 1:24 p.m. ET. Impressive Growth in the U.S. Ermenegildo Zegna achieved remarkable success in the … [Read more...] about Ermenegildo Zegna Reports Strong Revenue Growth
GSK Settlement in Zantac Cancer Case
GSK, a British pharmaceutical company, has announced a confidential settlement in the David Browne case filed in California state court. This case pertains to allegations that the heartburn medicine Zantac causes cancer. While no specific details of the settlement were provided, GSK confirmed that the trial set for February 20 will now be dismissed. In a statement, GSK … [Read more...] about GSK Settlement in Zantac Cancer Case
Decline in German Beer Sales
The latest figures from the Federal Statistical Office reveal that German beer sales experienced a 4.5% decrease in the previous year, continuing the long-term downward trend. In total, German-based breweries and distributors sold approximately 8.4 billion liters (2.2 billion gallons) of beer in 2023. It is important to note that this figure does not include non-alcoholic beer … [Read more...] about Decline in German Beer Sales
