Hwang family to take Suiwah Corp private, proposes SCR of RM2.80 a share
KUALA LUMPUR (Jan 25): The Hwang family, which holds a 30.91% stake in Penang-based Suiwah Corp Bhd, is looking to take the company private at RM2.80…
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China joins talks to strike a worldwide digital trade agreement
DAVOS (Jan 25): China will join a group including the U.S. and the European Union in negotiating new rules to cover the US$25 trillion e-commerce…
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Rohas, Suiwah, EcoFirst, Vortex, MNRB, Perstima and MAHB
KUALA LUMPUR (Jan 25): Based on corporate announcements and news flow today, companies that may be in focus on Mon (Jan 28) may include the…
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Richest in U.S. have a few tricks to avoid Democrats' tax plans
NEW YORK (Jan 25): If Democrats want the wealthy to pay more into the U.S. Treasury, they’ll need to contend with one fact: the rich…
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Deloitte and KPMG being investigated over involvement in 1MDB scandal
(Jan 25): The Malaysian Securities Commission is looking into Deloitte and KPMG, two of the world’s largest audit firms, to find out if they were…
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USDJPY: Sentiment Suggests a Mixed Bias
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.
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Gold: 69.9% of Traders Are Net-Long
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
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Nikkei 225 Technical Analysis: Dominant Downtrend May Resume Next
As the Nikkei 225 faces its next headwind in its near-term uptrend, a bearish reversal pattern takes the spotlight on the daily chart and hints that the dominant downtrend may resume.
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XE Market Analysis: Europe – Jan 24, 2019
The Dollar has been trading firmer in to the London interbank open. EUR-USD has ebbed back towards 1.1370 after yesterday’s upswing failed to clear 1.1400. USD-JPY has lifted to the 109.70 area, returning focus on yesterday’s 110.00 peak. Cable and AUD-USD have also ebbed back. Stock markets in Asia have mostly gained, S&P 500 futures […]
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XE Market Analysis: North America – Jan 24, 2019
The Dollar has posted advances against a wide variety of currencies, making between two- and three-week highs versus the Australian and Canadian Dollars, for instance, and pushing back into the upper 109.0s versus the Yen, swinging the 110.0 three-week peak seen yesterday back into range. Underperformance in the Euro and Australian Dollar have been side […]
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XE Market Analysis: Asia – Jan 24, 2019
The Dollar faded on fresh trade and shutdown worries early in the N.Y. session on Thursday, though later rallied higher, despite a mostly lower Wall Street. White House advisor Kudlow sounded upbeat on trade talks, countering Commerce Sec Ross’ earlier comment that the U.S. and China “miles and miles apart” on trade talks. EUR-USD fell […]
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Tycoon Danny Tan takes back reins of Tropicana
KUALA LUMPUR (Jan 24): Tycoon Tan Sri Danny Tan Chee Sing, founder and major shareholder of Tropicana Corp Bhd with a 63.56% stake, is back…
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Malaysia appeal court gives defence access to witness statements in VX poison trial
KUALA LUMPUR (Jan 24): Lawyers for a woman accused of killing the half-brother North Korea’s leader said on Thursday that they won access to witness…
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Malaysia in right direction for Digital ID — MCMC
KUALA LUMPUR (Jan 24): The Malaysian Communications and Multimedia Commission (MCMC) has assured that Malaysia is dealing in the right direction on Digital ID project,…
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Tycoon Danny Tan to inject land bank worth RM1.85b into Tropicana
KUALA LUMPUR (Jan 24): Tycoon Tan Sri Danny Tan Chee Sing, founder and major shareholder of Tropicana Corp Bhd with a 63.56% stake, is back…
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Malaysia probes how Jho Low may have gained from pre-1MDB deal
KUALA LUMPUR (Jan 24): Malaysian investigators have uncovered details of how fugitive financier Jho Low could have made financial gains from the entity that predated…
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Oops: A brief history of some of the market’s worst fat fingers
HONG KONG (Jan 24): An 83% plunge in storied Singapore-listed stock Jardine Matheson Holdings Ltd. Thursday has traders pointing to the most likely culprit: a…
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Genting Malaysia gets leave to commence judicial review over MoF decision
KUALA LUMPUR (Jan 24): The High Court here has granted Genting Malaysia Bhd (GENM) leave to commence judicial review proceedings against the ministry of finance’s…