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 •  Top foreign and local stories at 4pm
Top foreign and local stories at 4pm
 
 •  RHB Bank not in merger talks with AMMB
KUALA LUMPUR: RHB Bank Bhd is not in any potential merger talks with mid-sized lender, AMMB Holdings Bhd, said group managing director Datuk Khairussaleh Ramli.
 
 •  Trump tax plan will sharply slash corporate tax rates
WASHINGTON: US President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.
 
 •  China banks miss out on US investment banking bonanza
NEW YORK: As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.
 
 •  Moody’s: Less volatile ringgit
KUALA LUMPUR: The ringgit will be less volatile this year compared to last year as concerns over the current account (CA) levels lessen.
 
 •  Stock on the Move : KPJ warrants hit limit up on renewed buying interest
KUALA LUMPUR : KPJ Healthcare Bhd's company issued warrants hit its limit up price of RM1.11 today due to renewed buying interest following the group's share split proposal last week.
 
 •  Frexit makes way for Quitaly atop bond investor worry list
LONDON: Even before the final outcome of France's presidential race, investors are shifting focus to potentially bigger risks emanating from the eurozone's third biggest economy, Italy.
 
 •  Strong Singapore March factory output points to Q1 GDP revision
SINGAPORE: Singapore's industrial production rose faster than expected in March from a year earlier, thanks to a continued surge in the electronics sector, data showed on Wednesday, pointing to a possible upward revision in the city-state's first quarter GDP.
 
 •  Bursa Malaysia Q1 earnings up 13% to RM57mil
KUALA LUMPUR: Bursa Malaysia Bhd’s net profit rose 13.4% to RM56.62mil in the first quarter ended March 31, 2017 compared with RM49.93mil in the same period last year.
 
 •  Hyundai Motor Q1 profit slides as China political row, US recall drag
SEOUL: South Korea's Hyundai Motor posted a 21% fall in quarterly net profit, dragged down by a US recall and sales declines in China stemming from political tensions.
 
Updated: 55 minutes ago
 •  Mahindra two-wheelers bids for Peugeot Citroen's scooters
Automobile major Mahindra & Mahindra's two-wheeler subsidiary Tuesday said that it has made a binding offer to acquire a majority stake in PSA Peugeot Citroen's scooter business.
 
 •  Sensex trades in red; bank stocks down
Opening after an extended weekend holiday, a benchmark index of Indian equities markets Tuesday traded 108 points or 0.
 
 •  India offers $250 bn investment opportunity in infrastructure
India needs $250 billion in next 20 years for basic urban infrastructure and this offers huge investment opportunities to international investors, said country's Urban Development Minister M.
 
 •  SJVNL signs pact for Bhutan hydro project
The public sector Satluj Jal Vidyut Nigam Ltd (SJVNL) has signed an agreement for commissioning of the 600 MW Kholongchu Hydro Electric Project in Bhutan, whose foundation stone was laid by Prime Minister Narendra Modi, the company said Wednesday.
 
 •  Amazon has high expectations from India business: Jeff Bezos
Amazon has very high expectations from its Indian operations, Chief Executive Officer Jeff Bezos said here Wednesday.
 
 •  Sensex trades flat; banking stocks plunge
A benchmark index of Indian equities markets Wednesday was trading flat at 22.
 
 •  Diesel in over-recovery; retail prices exceed global rates
With the rates of the Indian basket of crude oil falling below $95 a barrel, the petroleum ministry Wednesday said losses on diesel sales had been wiped out with the government now looking at a profit of nearly two rupees a litre on the fuel sales.
 
 •  Ford India's sales dip in September
Passenger car manufacturer Ford India experienced a dip in its September sales as compared to the corresponding period of 2013, the company said Wednesday.
 
 •  Microsoft Devices launches new Lumia devices
Microsoft Devices Wednesday launched three new Windows smartphones - Lumia 830, Lumia 730 and Lumia 930, a top company official said here.
 
 •  Maruti Suzuki's September sales up
India's largest passenger car manufacturer Maruti Suzuki Wednesday reported a healthy sales growth of 4.
 
 •  Reliance Communications to reduce debt to under Rs.20,000 crore
Reliance Communications targets to bring its debt to under Rs.
 
 •  Maruti Suzuki recalls 69,555 vehicles
In one of the largest automobile repair and inspection exercises, passenger car major Maruti Suzuki Tuesday said that it has recalled 69,555 diesel Dzire, Swift and Ritz models, stating that it will proactively inspect and repair a wiring harness.
 
 •  Hero MotoCorp's August sales up 30 percent
Two-wheeler manufacturer Hero MotoCorp Tuesday reported sales growth of 30 percent in September by dispatching 600,000 units.
 
 •  Monetary policy will be inflation data-contingent: RBI
Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank's monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the central bank's fourth bi-monthly policy review.
 
 •  Eight core industries up 5.8 percent in August
Eight core industries such as coal, electricity, crude oil, cement and steel, grew at 5.
 
Updated: 1342136 minutes ago
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