LCL Corp Bhd May Fall On Withdrawal Of Bank Facilities
LCL Corp Bhd, a Malaysian interior design company, may fall to psychological 20 sen vs yesterday’s close at 23 sen (+53.3%), in knee-jerk reaction to statement to Bursa from troubled interior fit-out firm that lender Royal Bank of Scotland issued notice withdrawing facilities totalling MYR40.2 million to unit LCL Furniture. LCL Corp Bhd was severely […]
Dubai World Crisis Brings Down the World
Late last week, the global stock markets plummeted by more than 3% within a single day due to the fear of a debt default of $60 billion from Dubai World, the government investment company behind some of the emirate’s most ambitious projects. Dubai World was seeking to delay repayment on a tranche of its debt. […]