News

The Dollar rallied in N.Y. on the first trading day of the year, taking the DXY to 96.88 highs, up from 96.27 into the open. Safe-haven flows were behind the Greenback’s gains early on, as Wall Street opened sharply lower on the back of China growth concerns. Aside from Markit PMI data, there was no […]

The Yen has strengthened sharply, driven by safe haven demand following Apple’s after-hours revenue warning, which has sent U.S. equity futures down sharply while weighing on Asian markets. AUD-JPY has been the biggest mover, and is showing a 1.8% loss despite having lifted out of its lows. USD-JPY is off by 1.4%, at 107.35, having […]

OVERVIEW Concerns about the Asian economy cause a sharp decline in the Japanese Yen before recovering in today’s trading.  Sterling drops further against USD and Euro in lead up to debates next week over PM May’s proposed deal with EU. Weak manufacturing data from Spain, Germany, France and Italy weigh down Euro against the US […]

KUALA LUMPUR (Jan 3): The FBM KLCI closed 7.72 points or 0.46% higher today on bargain hunting after the substantial decline yesterday. Today, the KLCI closed…

KUALA LUMPUR (Jan 3): AMMB Holdings Bhd (AmBank Group) will dispose of AmBank (M) Bhd’s and AmBank Islamic Bhd’s non-performing loans (NPLs) totalling RM553.91 million…

KUALA LUMPUR (Jan 3): MY E.G. Services Bhd (MyEG), through its joint venture company MyEG Philippines Inc, will unveil its MyEG Insurance portal tomorrow (Jan…

ZURICH (Jan 3): UBS Group AG Chairman Axel Weber says European banks will need to get bigger to compete with their U.S. counterparts, adding to…

KUALA LUMPUR (Jan 3): Based on corporate announcements and news flow today, stocks in focus for Friday (Jan 4) may include the following: UMW Holdings…

SINGAPORE (Jan 3): ISR Capital has rejected a call by Singapore Exchange for the company to seek shareholder approval for the waiver of a condition…

MANHATTAN (Jan 3): Airbnb Inc and other home-sharing firms won’t have to comply with a New York City law requiring them to turn over renter…

PETALING JAYA: The Employees Provident Fund’s (EPF) has said that its purchase of 2,330 acres (943ha) of land in Sungai Buloh from Aset Tanah Nasional…

BEIRUT/DUBAI (Jan 3): Saudi Arabia held its first trial session for the murder of government critic Jamal Khashoggi, whose killing at the kingdom’s consulate in…

BOSTON/NEW YORK (Jan 3): Bristol-Myers Squibb agreed to acquire Celgene Corp in a US$74 billion deal that will unite two drugmakers battling for advantage in…