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Shares of Petronas Chemicals were down 1.5% at $1.64

The chemical-processing arm of Malaysia’s national oil company Petronas, said net profit for the first quarter surged on strong revenue. Revenue jumped 49% to MYR4.7 billion during the quarter from MYR3.1 billion, Petronas Chemicals said. Shares of Petronas Chemicals were down 1.5% at MYR7.12 ($1.64) before the earnings release. The …

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The alternative mortgage company delay its first-quarter earnings

Before the Home Capital situation came to light, McLister said that investor interest in the subprime mortgage sector was on the upswing.“What happened with Home Capital definitely put a damper on investor enthusiasm for backing non-prime mortgage-backed securities. Home Capital has pledged to defend itself and stated that the allegations …

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