KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
\Netflix is reportedly exploring a potential bid for Warner Bros Discovery’s studio and streaming business , marking what could be one of the most significant media acquisitions in recent years, according to Reuters. Netflix Evaluates Strategic Acquisition Sources familiar with the matter said Netflix has retained investment bank Moelis & Co — the same adviser that guided Skydance Media’s successful acquisition of Paramount Global — to assess the potential offer. The streaming giant has also been granted access to Warner Bros Discovery’s data room , allowing it to review the company’s financials in detail before making a formal bid. Both Netflix and Warner Bros Discovery declined to comment on the development. Potential Game-Changer for Netflix Acquiring Warner Bros’ studio assets would give Netflix ownership of some of Hollywood’s most valuable franchises , including Harry Potter and DC Comics , along with...