News

KUALA LUMPUR (Dec 4): Fitch Ratings has downgraded Malaysia’s long-term foreign-currency issuer default rating (IDR) to ‘BBB+’ from ‘A-‘, with a stable outlook. The downgrade…

EVENING 5: MyEG gets three-year extension Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. MyEG Services secures…

KUALA LUMPUR (Dec 4): Based on corporate announcements and news flow today, stocks in focus for Monday (Dec 7) may include: Gamuda Bhd, Genting Malaysia…

(Dec 4): Malaysia’s latest challenge from the coronavirus pandemic is to allay concern among local Muslims about vaccine shots which could contain substances forbidden by…

NEW YORK/BOSTON (Dec 4): Investors are gauging how far a rally in beaten-down energy shares could run, as an expected recovery for the coronavirus-hit economy…

SINGAPORE (Dec 4): Southeast Asian ride-hailing firm Grab’s venture with Singtel and internet platform company Sea Ltd have each won licences to run Singapore’s first…

(Dec 4): Some damage to Sino-US ties are “beyond repair” amid a new wave of Trump administration measures to counter China, Chinese state media warned,…

KUALA LUMPUR (Dec 5): The country’s grappling with the Covid-19 outbreak among foreign workers, specifically at the world’s largest glovemaker Top Glove Corporation Bhd, has…

KUALA LUMPUR (Dec 5): Shares of British American Tobacco (Malaysia) Bhd topped the gainers list this week, climbing RM1.90 or 16.55% to settle at its…

DURBAN (Dec 5): South Africa’s second-largest crude oil refinery, the Engen plant in Durban, has been shut down to allow investigators a chance to find…

The DXY dollar index posted a fresh 32-month year low at 90.93. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and […]

The DXY dollar index posted a fresh 32-month low at 90.84. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and the […]

Another day, another 32-month DXY low, as the Dollar continues to be hammered broadly. Negative real U.S. interest rates, along with prospects for another round of U.S. fiscal stimulus, along with hopes that the global economy will rebound quickly once Covid vaccines are widely available, have all conspired against the USD. Today’ incoming U.S. data […]