News

KUALA LUMPUR (March 15): Bursa Malaysia Bhd shares rose 2.6 percent, more than any full-day gain since June 1, as Malaysia’s benchmark index advanced. Market Metrics *…

TOKYO (Mar 15): Tokyo 2020 Olympics and Paralympics organizers launched their ambitious Robot Project on Friday, unveiling two of the robots designed to assist supporters,…

KUALA LUMPUR (March 15): Malaysia’s investment approvals have risen by 0.5% to RM202 billion, from RM201 billion in 2017, on the back of greater manufacturing…

The Pound has been trading firmer in the wake of the UK Parliament’s resounding rejection of Prime Minister May’s Brexit deal, with the currency showing an averaged 0.3% advance on the dollar, Euro and Yen on the day so far, and gains of slightly more than this from levels that were prevailing ahead of the […]

The Pound has been outperforming, and was showing a 0.6% gain on the Dollar heading into the New York interbank open, and a similar magnitude of advance against the Euro and Yen, among other currencies. On factor at play seems to be the fact that UK Prime Minister May is looking secure in her position, […]

OVERVIEW The US dollar is trading within a tight range amidst Brexit uncertainty GBP/USD is making timid recovery as MPs gather to vote on a no-deal exit Gold adds $5.5 to trade above $1,300 an ounce with investors seeking the refuge of safe assets.

OVERVIEW The US dollar is trading within a tight range amidst Brexit uncertainty GBP/USD is making timid recovery as MPs gather to vote on a no-deal exit Gold adds $5.5 to trade above $1,300 an ounce with investors seeking the refuge of safe assets.

The Dollar lost ground in N.Y. on Wednesday, taking the DXY to seven session lows of 96.65, and briefly under its 20-day moving average. Incoming U.S. data was Wall Street friendly, as cooler PPI combined with better durable orders and construction spending to lift stocks. In FX Land, the Pound led the USD lower, as […]

KUALA LUMPUR (March 14): Malaysia has shut more schools after a suspected chemical leak last week left more than 200 children, teachers and others being…

(March 14): Maybank Kim Eng analyst Wong Chew Hann upgraded the recommendation on Bursa Malaysia Bhd to Hold from Sell. * TP set to RM6.45, implies…

KUALA LUMPUR (March 14): The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value…

KUALA LUMPUR (March 14): Tycoon Robert Kuok remains the richest person in Malaysia with a net worth of US$12.8 billion, according to Forbes Asia.  In a…

KUALA LUMPUR (March 14): Malaysia’s industrial production index (IPI) saw a year-on year increase of 3.2% in Jan 2019, on electricity and manufacturing output growth. Department…

KUALA LUMPUR (March 14): The FBM KLCI dipped at midday break today as trading sentiment stayed sluggish against the back drop of muted regional markets. At…

KUALA LUMPUR (March 14): The Dewan Rakyat saw an emergency motion being tabled by Hassan Abdul Karim (PH-Pasir Gudang) for the house to debate on…

KUALA LUMPUR/NAM DINH, Vietnam (March 14): Malaysia’s attorney-general on Thursday rejected Vietnam’s request to free a woman accused of the murder of Kim Jong Nam,…

KUALA LUMPUR (March 14): Bumi Armada Bhd announced today that its indirect wholly-owned subsidiary Bumi Armada Americas Corp (BAAC) had been dissolved on Feb 18,…

KUALA LUMPUR (March 14): UOBKayHian has described Scientex Bhd’s mandatory takeover of Daibochi Bhd’s warrant option as unfair and unreasonable. According to circular issued via a…

Sterling has rallied strongly on Brexit progress, which also had the impact of generating a risk-on sentiment in global stock markets, with Brexit uncertainty having been on the global worry list given the deleterious impact that its been having on European economies. Cable rallied 2.4% from Friday’s closing levels in making a 12-day peak at […]

Sterling volatility with side themes of Euro firmness and Yen underperformance have characterized trading so far today. The Pound gave back most of the gains during the early session in New Zealand following news that UK Prime Minister May won some legally-binding concessions on the Irish backstop issue after meeting with EU’s Juncker and Barnier […]

OVERVIEW The US dollar is trading lower with inflation subdued GBP/USD down 1.20% as MPs due to vote on the upgraded Withdrawal deal NYMEX WTI Crude adds 50 cents to trade $57.40 a barrel and Gold moves up 0.25%  

The Dollar index headed higher into the N.Y. open, though quickly lost ground after the N.Y. open. The DXY peaked at 97.28 early, later falling to 96.92 lows. A slightly cool U.S. CPI report weighed on the Dollar, while upbeat USTR comments on U.S.-China trade talks removed some of the USD safe-haven bid as well. […]

KUALA LUMPUR (March 13): Low-cost carrier AirAsia Group Bhd stands to benefit from greater market dominance if the government decides to do away with national…

KUALA LUMPUR (March 13): Former premier Datuk Seri Najib Razak today claimed trial at the High Court here to three counts of money laundering involving…

KUALA LUMPUR (March 13): The restriction on bauxite mining activity will only be withdrawn once all parties adhere to standard operating procedure, Malaysia’s Ministry of…

HONG KONG (Mar 13): Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent…

KUALA LUMPUR (March 13): Senior lawyer Tan Sri Muhammad Shafee Abdullah said his hand was not fractured as earlier claimed following x-ray checks but there…

KUALA LUMPUR (March 13): The Attorney General’s Chambers (AGC) wants the High Court to remove a big portion of an affidavit filed by the Court…