The ringgit led gains in Asia after a debt- ridden state investment company struck a deal to sell its power assets and as an agreement by Saudi Arabia to help stabilize oil prices boosted the outlook for Malaysia's finances.
China General Nuclear Power Corp. agreed to purchase 1Malaysia Development Bhd.'s Edra Global Energy Bhd. for 9.83 billion ringgit ($2.3 billion), a move that BIMB Securities Sdn. says will ease concern over 1MDB's debt. Saudi Arabia will “cooperate with all oil producers and exporters, from inside and outside of OPEC, to preserve the stability of the market and prices,” according to a statement from the Cabinet on Monday.
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China General Nuclear Power Corp. agreed to purchase 1Malaysia Development Bhd.'s Edra Global Energy Bhd. for 9.83 billion ringgit ($2.3 billion), a move that BIMB Securities Sdn. says will ease concern over 1MDB's debt. Saudi Arabia will “cooperate with all oil producers and exporters, from inside and outside of OPEC, to preserve the stability of the market and prices,” according to a statement from the Cabinet on Monday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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