Goldman fined US$350 million by Hong Kong over 1MDB scandal
HONG KONG (Oct 22): Goldman Sachs Group Inc’s Asian unit was fined US$350 million by Hong Kong’s financial regulator over its role in Malaysia’s 1Malaysia…
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Robust demand drives Vitrox 3Q revenue to record high while net profit more than doubles
KUALA LUMPUR (Oct 22): Vitrox Corp Bhd’s net profit for the third quarter ended Sept 30, 2020 (3QFY20) more than doubled as its quarterly revenue…
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EVENING 5: Five things you need to know today
EVENING 5: Two-month reprieve for AirAsia? Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Budget carrier AirAsia…
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MAHB presses ahead with suit against AirAsia X to claim RM78m payment
KUALA LUMPUR (Oct 22): Malaysia Airports Holdings Bhd (MAHB) has gone ahead to initiate a lawsuit against AirAsia X Bhd (AAX) to demand the payment…
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MITI: Mandatory for companies to implement WFH policy
KUALA LUMPUR (Oct 22): Industries are mandated to implement the work-from-home (WFH) policy for the staff in management and supervisory groups, and only 10% of…
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Pavilion REIT, MMC Corp, FSBM, MAHB, AAX, AirAsia, DiGi, Eupe
KUALA LUMPUR (Oct 22): Based on corporate announcements and news flow today, companies in focus tomorrow may include Pavilion Real Estate Investment Trust, MMC Corp…
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Goldman gets record 1MDB fine; CEO faces pay reduction
NEW YORK/WASHINGTON (Oct 23): Goldman Sachs Group Inc will pay a record foreign bribery penalty in the US and will enter a guilty plea for…
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Wall Street closes higher, trade choppy as U.S. stimulus talks eyed
NEW YORK (Oct 23): Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to…
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U.S. stocks advance, benchmark Treasury yields rise on fiscal aid hopes
NEW YORK (Oct 23): U.S. stocks gained ground on Thursday after oscillating for much of the session as growing optimism about an imminent U.S. coronavirus…
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XE Market Analysis: Europe – Oct 21, 2020
The dollar is softer across the board amid a backdrop of buoyant global stock markets and declining risk premia. U.S. House speaker Pelosi said that she is hopeful that a deal on fiscal stimulus can be reached this week, while markets are also factoring in rising prospects for further central bank stimulus, especially in Europe […]
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XE Market Analysis: North America – Oct 21, 2020
The dollar underperformed while the pound outperformed and the yen, diverging from its usual close correlation with the dollar, was measuring as the second strongest of the main currencies. Global stock markets have been skittish, with European indices dropping and U.S. equity index futures giving back gains in returning to near net unchanged levels. Sterling […]
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XE Market Analysis: Asia – Oct 21, 2020
The Dollar was choppy in N.Y. trade on Wednesday, though ultimately ended lower overall. The DXY printed a seven-week low of 92.47, down from early highs of 92.83. The USD tended to move in the opposite direction to the risk-backdrop, which shifted through the session on the back of stimulus concerns, the election and Covid. […]
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Dow Jones, S&P 500, AUD/USD Outlook: Retail Traders May Chase Declines
The Dow Jones, S&P 500 and AUD/USD could be at risk of extending losses as retail investors increase upside exposure. What are key technical levels to watch for?
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US Dollar Technical Outlook: DXY Weakness Has Big Long-term Support in Focus
The US Dollar Index (DXY) is backing down into long-term support; how it responds soon could be a big tell as to whether selling will accelerate or we get a trend reversal.
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CMCO: EPF to temporarily close offices, counters across Selangor, KL, Labuan
KUALA LUMPUR (Oct 21): The Employees Provident Fund (EPF) said today it will temporarily close all its offices and counters across Selangor, Kuala Lumpur (KL) and…
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Glove stocks dominate list of top losers as investors take profit on vaccine news
KUALA LUMPUR (Oct 21): Glove stocks dominated the list of top losers today as investors took profit following the recent rally and fresh progress in the development…
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Five South Koreans die after getting flu shots, sparking vaccine fears
SEOUL (Oct 21): Five people have died after getting flu shots in South Korea in the past week, authorities said, raising concerns over the vaccine’s…