News

KUALA LUMPUR (April 30): In what is seen as a major breakthrough for Malaysia, Saudi Arabia will become Malaysia’s hub for the import and distribution…

Datuk Iain Lo. Filepix by optionstheedge.com KUALA LUMPUR (April 30): Sapura Energy Bhd has appointed Datuk Iain Lo and Bernard di Tullio to its board of…

LONDON/KUALA LUMPUR (April 30): Malaysia Smelting Corp (MSC), the world’s third largest tin producer, has told clients that its smelting operation is being severely affected…

KUALA LUMPUR (April 30): Based on corporate announcements and news flow today, companies that may be in focus on Monday (May 3) include: FGV Holdings…

KUALA LUMPUR (April 30): Malaysia reported 21,178 new Covid-19 infections this week, a 25% jump from the 17,007 cases it recorded last week, with the…

KUALA LUMPUR (May 1): It has been close to four years since the relisting of Lotte Chemical Titan Holding Bhd (LCT) on the local bourse. Recall…

BENGALURU/OAKLAND, California (April 30): Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite…

KUALA LUMPUR (May 1): The Malaysian grocery retail scene has become vibrant of late with new brands including Thailand’s Lotus’s and South Korea’s CU making an…

(May 1): Amazon.com Inc. rallied to a record intraday high Friday after reporting quarterly results that topped analyst projections and later closed in the red amid a broader…

KUALA LUMPUR (May 1): Bursa Malaysia is expected to continue cautious trading next week as investors may remain on the sidelines ahead of Bank Negara Malaysia’s (BNM) policy meeting…

The dollar resumed its now four-week down trend, earlier posting a two-month low at 90.42 by the measure of the DXY index. Speculation that the Fed might have at least hinted at a tapering, which hadn’t been our view, was thwarted, and longer-dated Treasury yields and the dollar duly took a turn lower. The 10-year […]

The dollar extended its post-Fed announcement decline before rebounding some. The DXY dollar index posted a two-month low at 90.42 before recouping to around 90.70, while EUR-USD pegged a two-month high at 1.2150 before ebbing back towards 1.2100. The lack of even a hint of a possible tapering by the Fed yesterday saw the 10-year […]

The DXY printed two-month lows of 90.42 overnight, though perked up to 90.78 highs at mid-morning in N.Y.. A better than consensus Q2 U.S. GDP print helped Dollar sentiment, while Jobless claims were about in-line with expectations. Wall Street was mostly higher, though A Reuters’ report that Labor Secretary Walsh says most gig workers should […]

KUALA LUMPUR (April 29): Malaysia saw Covid-19 cases rise to 3,332 today, from 3,142 reported yesterday, marking the second straight day that new infections have…

KUALA LUMPUR (April 29): The Better Malaysia Foundation (BMF) submitted its proposal on affordable homes for low-income earners in Malaysia, namely those from the B40…

CALIFORNIA/BENGALURU (April 30): The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon…

WASHINGTON (April 30): U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting…