News

KUALA LUMPUR (Sept 6): Kuala Selangor recorded the highest water supply resumption at 99.2%, followed by Hulu Selangor (94.1%); Gombak (66.4%); Petaling (66.1%); Kuala Langat…

The Dollar rallied on Friday after the the solid U.S. August employment report, which saw non-farm payrolls increase nearly 1.4 mln, in-line with expectations. Earnings were better than forecasts, while the unemployment rate tumbled to 8.4% from 10.2%. Wall Street continued with its correction, the the tech-heavy NASDAQ again leading the charge lower. Profit taking […]

(Sept 5): Drugmakers are planning a public pledge to not send any Covid-19 vaccine to the FDA for review without extensive safety and efficacy data, according…

(Sept 5): Federal Reserve Chairman Jerome Powell said that while U.S. unemployment data for August was positive, the economy’s recovery from the coronavirus pandemic has a…

NEW YORK (Sept 4): Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery…

KUALA LUMPUR (Sept 5): Some investors have made whopping gains in the current stock rally, mainly driven by the glove, healthcare, technology and penny stocks. And with…

MELBOURNE (Sept 5): Protesters against a COVID-19 lockdown defied police in Australia’s hotspot on Saturday, prompting 15 arrests, even as the state of Victoria continued its…

KUALA LUMPUR (Sept 5): Malaysia recorded six new Covid-19 cases as of noon today, along with 21 new recoveries, said the Ministry of Health (MoH)….

KUALA LUMPUR (Sept 5): The factory involved in the water pollution incident in Sungai Gong, Rawang, will be issued a notice to cease operations on Monday,…

PUTRAJAYA (Sept 5): Water supply has been restored to 51.6 per cent of affected areas in Selangor, said Environment and Water Minister Datuk Seri Tuan Ibrahim…

KUALA LUMPUR (Sept 5): The World Health Organisation (WHO) has acknowledged that Malaysia has a robust health system with universal health coverage (UHC), said Health…

KUCHING (Sept 5): The Sarawak government, through state-owned Petroleum Sarawak (Petros), is looking to conduct oil and gas exploration activities in Lawas, its northernmost district, said Chief Minister Datuk…

The DXY headed up to 93.01 in late morning trade, after bottoming earlier at 92.77. The USD then faded in relatively light trade through much of the afternoon session. Weekly jobless claims were lower than expected, though the data were impacted by a change in the seasonal adjustment methodology, while the July trade deficit blew […]

The dollar has is at softer levels in narrow ranges following the sharp tech-led correction on Wall Street, which has in led to a sizeable retreat in global stock markets. The narrow trade-weighted USD index (DXY) settled just above yesterday’s low at 92.69. The low was the culmination of a drop from the one-week high […]

Narrow ranges have been prevailing ahead of the U.S. August payrolls report. Markets are also trading cautiously into next Thursday’s ECB meeting, with some of the more dovish governing council members having this week expressed their concern about the appreciating trend of EUR-USD. The common currency has been settled in a narrow range in the […]