FBM KLCI tumbles after four consecutive days of gains
KUALA LUMPUR (Feb 22): The FBM KLCI closed 9.26 points or 0.54% lower today on profit taking after four consecutive days of gains and following…
News
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Top Glove plunges more than 5%
KUALA LUMPUR (Feb 22): Shares of Top Glove Corp Bhd plunged more than 5% today as it continued heading south in the afternoon session to…
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UK's Serious Fraud Office drops probes at Rolls Royce, GSK
(Feb 22): Britain’s Serious Fraud Office (SFO) has dropped long-running investigations into individuals at aero engine maker Rolls-Royce and drugs giant GlaxoSmithKline, adding to a…
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Axiata posts RM1.66 bil net loss for 4Q FY18 on recognition of one-off items
KUALA LUMPUR (Feb 22): Axiata Group Bhd posted a net loss of RM1.66 billion for the fourth quarter ended Dec 31, 2018 (4QFY18) — compared…
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MISC, Malakoff, Petra Energy, MSC, Dayang, Axiata, London Biscuits, Tune Protect, E&O, MGB and LBS Bina
KUALA LUMPUR (Feb 22): Based on corporate announcements and news flow today, stocks in focus on Monday (Feb 25) may include: MISC Bhd, Malakoff Corp…
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The 'Huawei Issue' hangs over mobile industry's biggest show
BERLIN (Feb 22): The mobile industry’s biggest show is shaping up to be a proxy for a U.S.-China battle over the future of Huawei Technologies…
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EU said ready to target Caterpillar, Xerox if U.S. hits cars
BUCHAREST (Feb 22): Caterpillar Inc trucks, Xerox Corp machines and Samsonite International SA luggage are among U.S. goods that would face retaliatory European Union tariffs…
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Resetting Astro
KUALA LUMPUR (Feb 23): Disrupted by technology in the last few years, Astro Malaysia Holdings Bhd has been losing pay-tv customers to real-time content pirates….
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US seeks to recover US$38 mil more in assets linked to 1MDB
WASHINGTON (Feb 23): The U.S. Justice Department on Friday said it had filed complaints seeking forfeiture and recovery of approximately US$38 million (RM154 million) in…
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Syed Mokhtar's company confirms it was involved in RM500m land swap deal with MINDEF
KUALA LUMPUR (Feb 23): Kelana Ventures Sdn Bhd (KVSB), a company owned by tycoon Tan Sri Syed Mokhtar Albukhary, has confirmed a report by The…
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Nikkei 225 Technical Analysis: Mature Uptrend Holds Into New Range
The Nikkei 225 remains well within a respected daily-chart uptrend channel and is now consolidating within a new, significant range.
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EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?
The Euro may be preparing to turn lower against the US Dollar after yet another test of resistance guiding the dominant decline since January 2018.
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Gold & Silver Price Charts – Major Long-term Levels to Dent Rally
The recent surge in precious metal prices has significant multi-year resistance of varying degrees in play, seen as likely to lead to weakness.
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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD
AUDUSD stabilizing around 0.71 after excessive drop overnight. Crucial support keeps AUDNZD afloat.
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EUR/GBP Technical Analysis: Preparing for a Reversal Higher?
EUR/GBP may struggle achieving more declines as warning signs show that its next move could be higher. Next week’s trajectory could be set by the end of Friday’s trading session.
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XE Market Analysis: Europe – Feb 21, 2019
The Australian Dollar dove sharply, dropping over 1% in making a six-day low at 0.7086. The pair has reversed abruptly after rallying in the wake of a much stronger than anticipated jobs report out of Australia, hit but news that China was banning Australian coal imports out of the port of Dalian and imposing a […]
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XE Market Analysis: North America – Feb 21, 2019
The Dollar lifted on ascending hopes for a U.S.-China trade deal during the Asia session before coming off the boil during the London AM session. Sources cited by Reuters said Washington and Beijing have started to outline commitments in principle in what is described as the most significant progress yet. EUR-USD saw some chop but […]
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XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement
OVERVIEW The US dollar remains in consolidation mode against the major currencies The Australian dollar is experiencing volatile session, plunging nearly 1.1% against its US counterpart NYMEX WTI Crude consolidates around $57.00 a barrel, appreciating 25% so far this year.
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XE Market Analysis: Asia – Feb 21, 2019
The DXY bottomed early in the session following softer U.S. data, though then recovered through the morning session. The index based at 96.36, later topping at 96.66. Treasury yields rose on reports the U.S. and China are closer to a trade deal, which helped support the Dollar. EUR-USD fell to 1.1323 lows from near 1.1365, […]
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Holiday in Malaysia? Why Not Visit Controversial Palm Oil Farms
(Feb 22): Want a unique way to spend your holiday in Malaysia? How about traipsing around some controversial palm oil plantations. Yes, you can go snorkeling…
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Beijing Is Shifting Gears to Support Stocks After 2018 Disaster
(Feb 22): China is dialing back scrutiny of its industries at a blistering pace, a surprising turn for investors in a country rife with regulatory…
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Singapore Has a Better Bali on Its Doorstep, Developer Says
(Feb 22): Singapore’s second-largest developer has a suggestion for the government: re-position the billionaire enclave of Sentosa as a tourism mecca like Bali. Property values at…
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Trump-Kim Summit Rekindles Dream of Korean Rail Link With Asia
(Feb 22): At South Korea’s northernmost train station, the tracks stop abruptly ahead of the demilitarized zone that marks the North Korean border. A sign…
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EU Is Said to Expect May to Request Three-Month Delay to Brexit
(Feb 22): The European Union expects U.K. Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions…
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Mindef lost RM258m in land swap deal with Syed Mokhtar — sources
KUALA LUMPUR: The ministry of defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34%…
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KLCI drifts lower as regional markets start flat
KUALA LUMPUR (Feb 21): The FBM KLCI drifted lower in early trade this morning, dragged by select blue chips including Top Glove Corp Bhd against…
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KLCI falls 0.36% as select blue chips drag
KUALA LUMPUR (Feb 22): The FBM KLCI fell 0.36% at mid-morning today, dragged by index-linked blue chips against the backdrop of flat regional markets. At 10am,…
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Ringgit drops ahead of January inflation data
KUALA LUMPUR (Feb 22): Ringgit slips, as risk assets from emerging market currencies to stocks are sold in Asia. January inflation figures are due. * USD/MYR…