News

KUALA LUMPUR (May 7): Bank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.75% after its Monetary Policy Committee…

KUALA LUMPUR (May 7): The FBM KLCI was up marginally by 0.06% in early trade, tracking muted gains of its Asian peers. The benchmark index was up…

BENGALURU/NEW YORK (May 6): The Dow Jones Industrial Average closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while vaccine…

KUALA LUMPUR (May 7): The ringgit opened slightly higher against the US dollar today after Bank Negara Malaysia (BNM) maintained its interest rate at 1.75%, signalling that…

KUALA LUMPUR (May 7): Rubber glove manufacturers staged a rebound this morning, after sinking into the red, following comments made by one of the big four…

KUALA LUMPUR (May 7): National oil company Petroliam Nasional Bhd (Petronas) has exited the Bertam field project after offering its 25% stake in the project free…

KUALA LUMPUR (May 7): Widetech (Malaysia) Bhd, whose shares hit limit up in active trade in the morning session, has emerged as the top gainer on…

KUALA LUMPUR (May 7): Shares in Cahya Mata Sarawak Bhd (CMS) rebounded slightly from a sharp selling yesterday after the company brushed off allegations of a…

KUALA LUMPUR (May 7): Berjaya Food Bhd (BFood), the franchisee of Starbucks Coffee outlets in Malaysia and Brunei, is targeting to open another eight Starbucks…

KUALA LUMPUR (May 7): Supermax Corp Bhd’s dual listing on the Singapore Exchange (SGX) has been put on hold amid current circumstances. MIDF Research said that at a…

The dollar lost some upside momentum but has remained firm. The DXY dollar index edged out a two-week high at 91.43 while EUR-USD ebbed below 1.1990 for the first time since April 19th. This comes after U.S. Treasury Secretary Yellen, formerly the chair of the Fed, caught attention by stepping on Powell’s toes yesterday, saying […]

The dollar lost upside momentum, while cyclical, commodity-correlating currencies outperformed as many base metal prices scaled to fresh major-trend highs. Copper hit new 10-year highs, for instance, on reports of there being only enough warehoused copped to cover just over three weeks worth of demand. Oil prices rose for a third consecutive day, with front-month […]

The DXY printed near three-week highs of 91.44 overnight, later dipping to 91.21 into the N.Y. open, before steadying in a narrow trading band over 91.20. Incoming data was slightly softer than expected, seeing the ADP employment survey adding 742k jobs while the services ISM dipped slightly versus forecasts for a firmer reading. Wall Street […]