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EVENING 5: Western Digital pledges RM2.3b investments Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Western Digital…

KUALA LUMPUR (Nov 5): Based on corporate announcements and news flow today, the following companies are likely to be in focus tomorrow: Mr DIY Group…

WASHINGTON (Nov 5): Democrat Joe Biden edged closer to victory over Donald Trump for the US presidency on Thursday, as election officials tallied votes in…

BRUSSELS/ZURICH (Nov 5): A World Health Organization-led scheme to supply Covid-19 drugs to poor countries is betting on experimental monoclonal antibody treatments and steroids but…

NEW YORK (Nov 6): U.S. stocks jumped on Thursday, as investors bet Republicans would retain control of the Senate and block any major policy changes…

NEW YORK (Nov 6): The dollar slipped and global stock markets surged on Thursday as Democrat Joe Biden drew closer to victory in the tight…

Risk aversion on a closer than expected U.S. election, along with Trump agitating the process with claims that his rivals are attempting to manipulate the results, has driven the dollar higher on a safe haven bid, while U.S. Treasuries have surged, driving the 10-year T-note yield down by 12 bp. The DXY dollar index rose […]

Choppy price action has been prevailing in currency markets, and global financial markets more broadly, as participants attempt to digest the closer-than-expected elections in the U.S. As things stand, at 07:00 ET, the Democrats have retained the House but don’t appear to have more than to a 50-50 chance of flipping the Senate, while Biden […]

The Dollar shot higher overnight, as election uncertainty saw a rush into the safe-haven USD. Later, as risk appetite exploded, the USD fell back. The DXY moved from Asian lows of 93.38 to a high of 94.30 before falling back to 93.26 in early N.Y. trade. FX trade is likely to remain choppy until the […]