Econpile secures RM37.35mil substructure works contract
KUALA LUMPUR: Econpile Holdings Bhd has secured a contract worth RM37.35mil to undertake substructure works for a project in Pantai Dalam, KL. Read full story
Stock Market & Investment News
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Gold slips 1% on elevated yields, dollar strength
BENGALURU: Gold prices retreated 1% on Monday as elevated U.S. Treasury yields and a surge in the dollar to two-decade highs dented the appeal of non-yielding bullion. Read full story
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OCK Group secures US$48.4mil syndicated loan
KUALA LUMPUR: Telecommunication network solutions provider OCK Group Bhd (OCK) has secured a US$48.4 million (US$1=RM4.37) syndicated loan with OCBC Bank (M) Bhd (OCBC Malaysia). Read full story
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Bitcoin falls to 22-month low as stock markets tumble
HONG KONG/ LONDON: Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Read full story
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U.S. dollar rides to two-decade highs as yields rise
LONDON: The U.S. dollar climbed to a two-decade high on Monday as rising U.S. Treasury yields prompted hedge funds to add to their bullish bets while the Chinese yuan weakened below 6.77 levels after weak trade data. Read full story
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