News

TOKYO: The yen’s plunge to a five-year low shows no signs of easing as surging commodity prices have worsened the outlook for Japan’s trade balance and put pressure on the currency’s haven credentials. Read full story

SEOUL: Kakao group founder Brian Kim has stepped down from the board, relinquishing the reins after a series of scandals rocked the South Korean social media and financial technology (fintech) giant. Read full story

BENGALARU: Gold prices fell yesterday as US rate-hike expectations lifted Treasury yields to their highest in a month, while hopes for a progress in Russia-Ukraine peace talks improved risk appetite, denting bullion’s appeal. Read full story

SHANGHAI: China will further cut interest rates to stabilise the economy, as shrinking China-US yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported yesterday, citing former central bank adviser Yu Yongding. Read full story

LAST Monday, Sea Ltd employees were starting their week when an email from chief executive officer Forrest Li arrived. Read full story

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KUALA LUMPUR: Stocks with recent corporate news flow include Reservoir Link Energy, Minetech Resources, Hong Seng and Complete Logistic Services, said JF Apex Research. Read full story

KUALA LUMPUR: Bursa Malaysia continued its sell-off as a confluence of negatives added to the volatility and downside pressure on global equities. Read full story

KUALA LUMPUR: The ringgit opened slightly weaker against the stronger US dollar after the latest strong economic data amidst rising inflationary pressures further suggests that the Federal Reserve (Fed) is on track to gradually remove the monetary policy accommodation. Read full story