The China-proxy Australian and New Zealand currencies rallied as China’s SSE index surged over 5%, spear-heading a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200 bln of Chinese imports beyond the March-1 deadline, citing “productive” trade talks. Both antipodean currencies posted gains of nearly […]
The Dollar traded mostly softer, appearing lose some of its safe haven premium amid a risk-on backstop in global markets. China proxy currencies outperformed, concomitantly with China’s SEE staging of a 5.6% rally, which spearheaded a broader risk-on play in markets after President Trump said the U.S. would delay an increase in tariffs on $200 […]
The Dollar index advanced in early N.Y. trade on Monday, though gave back the bulk of its gains after the London close. Wall Street was higher following Trump’s delaying imposition of higher tariffs on Chinese goods, which ultimately saw USD safe-haven buying dry up. EUR-USD bottomed at 1.1337 before heading over 1.1360, while USD-JPY printed […]
(Feb 26): With three days left in February, the S&P 500 has almost locked up a gain for the year, if history is any guide. With…
KUALA LUMPUR: Gamuda Bhd has pledged to ensure that any takeover of its highway concessions is in line with “market valuation norms and practices”. The construction…
KUALA LUMPUR (Feb 26): The FBM KLCI drifted marginally lower in early trade this morning, in line with the pause at most regional markets. At 9.05am,…
HANOI (Feb 26): When North Korean leader Kim Jong Un arrives in Hanoi on Tuesday for his summit with U.S. President Donald Trump later this…
HANOI (Feb 26): U.S. Secretary of State Mike Pompeo arrived in the Vietnamese capital, Hanoi, on Tuesday ahead of a second summit between President Donald…
HANOI/ABOARD AIR FORCE ONE (Feb 26): North Korean leader Kim Jong Un arrived in Vietnam on Tuesday for a summit with U.S. President Donald Trump…
KUALA LUMPUR (Feb 26): The FBM KLCI dipped 0.35% at mid-morning today, weighed by select blue chips, in line with the pause at regional markets. At…
KUALA LUMPUR (Feb 26): Ringgit falls from highest in almost seven months after global funds sold Malaysian stocks and crude prices tanked. * USD/MYR rises 0.2%…
KUALA LUMPUR (Feb 26): Shares of Gamuda Bhd regained some lost ground this morning after the company said it would ensure any takeover of its…
BANDAR SERI BEGAWAN (Feb 26): Datuk Seri Dr Wan Azizah Wan Ismail arrived here Tuesday for a two-day maiden official visit to Brunei Darussalam as…
(Feb 25): President Donald Trump said he’s extended a deadline to raise tariffs on Chinese goods until he can meet Chinese President Xi Jinping after…
KUALA LUMPUR: The spotlight is on Gamuda Bhd and its peers which own highway concessions once again as the government is working on ways to…
KUALA LUMPUR (Feb 25): The FBM KLCI slipped in early trade today, weighed by select index-linked blue chips. At 9.05am, the FBM KLCI slipped 2.23 point…
KUALA LUMPUR (Feb 25): Axiata Group Bhd fell 4.47% in thin trade this morning after it posted a net loss of RM1.66 billion for the…
KUALA LUMPUR (Feb 25): Gamuda Bhd shares fell 12.50% in active trade this morning after the government begun talks with Gamuda Bhd to negotiate the…
KUALA LUMPUR (Feb 25): Ringgit climbs to the strongest in almost seven months as risk appetite gets a boost after the U.S. agreed to extend…
KUALA LUMPUR (Feb 25): The FBM KLCI remained in negative territory at mid-morning today, weighed by select index-linked blue chips. At 10am, the FBM KLCI fell…
KUALA LUMPUR (Feb 25): IJM Corp Bhd shares were down as much as 20 sen or 10.05% while Ekovest Bhd fell as much as four…
KUALA LUMPUR (Feb 25): Petra Energy Bhd hits limit-up at mid-morning today after it swung into the black in the fourth quarter ended Dec 31,…
WASHINGTON/HANOI (Feb 25): U.S. President Donald Trump has said he would be happy as long as North Korea maintains its pause on weapons testing, and…
KUALA LUMPUR (Feb 23): Putrajaya announced today that it has begun talks with Gamuda Bhd to negotiate the acquisition of four highway concessions that the…
The Dollar majors have been holding steady so far today. EUR-USD has been making time in the mid 1.1300s, holding within yesterday’s 1.1320-1.1366 range. USD-JPY has continued to ply a narrow range in the upper 110.0s, holding below the one-week high seen earlier in the week at 110.94. President Trump said he would be meeting […]
The Dollar has been trading mixed so far today in a forex market lacking a clear directional theme. EUR-USD been making time in the mid 1.1300s, holding within yesterday’s 1.1320-1.1366 range. The February German Ifo survey came in below forecasts, at 98.5 in the headline reading, down from 99.1 and the lowest since 2014, with […]
OVERVIEW The US dollar is trading flat against the G-10 currencies on the day but close to the week’s high. The Australian dollar is nursing its wounds after slumping nearly 2% on a coal crisis. NYMEX WTI Crude is approaching key $60 a barrel and is up 1% on the day
The Dollar headed lower on Friday in N.Y., driven largely by hopes for progress on U.S. trade talks. Trump said the deal with China is more likely happening that not happening, according to headlines on Bloomberg. The president said he could extend the trade truce a month or so with progress. China’s top trade negotiator […]