News

OVERVIEW The Pound remains weak as the can is kicked down the road once again on “meaningful vote.” US Dollar yields ground ahead of FED Interest rate Announcement. The Loonie dips on concerns over global growth. The Croatian Central Bank intervenes to stop the Kuna appreciating. HIGHLIGHT

The Dollar headed lower overnight, taking the DXY 97.06 lows from overnight highs of 97.46, and from 18-month highs of 97.71 seen on Friday. Incoming U.S. data included a sharp drop in the Empire State index, and a softer NAHB housing index, which put some downward pressure on the Greenback. Wall Street imploded again, leaving […]

The Yen has been buoyed amid a risk aversion theme in global markets after Wall Street closed with 2%-plus declines yesterday and with Asian equity markets also taking a tumble today. USD-JPY posted an eight-day low of 112.47. Yen crosses also saw a similar price action, with the high beta AUD-JPY cross coming within 10 […]

The Dollar came under broad pressure during the London AM session. Market narratives are talking about position trimming into the Fed’s expected rate hike, which is also widely expected to be accompanied with dovish-leaning guidance. This view appears to have helped stock markets find some stability following the hefty losses Wall Street saw yesterday. S&P […]

HONG KONG (Dec 18): Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in…

SHANGHAI (Dec 18): China celebrated the 40th anniversary of its reform and opening up by honoring the country’s most famous entrepreneurs, academics, and athletes —…

KUALA LUMPUR (Dec 18): Transocean Holdings Bhd had today signed a heads of agreement (HoA) with certain shareholders of logistics company Swift Haulage Sdn Bhd…

KUALA LUMPUR (Dec 18): Malaysia Airports Holdings Bhd (MAHB) expects the passenger movement at the Kuala Lumpur International Airport’s (KLIA) main terminal and klia2 to…

KUALA LUMPUR (Dec 18): The Federal Land Development Authority (Felda) said its transformation project involves 31 strategic initiatives to turn its operations around. The agency said…

KUALA LUMPUR (Dec 18): PLUS Malaysia Bhd confirmed today that it has been served with an arbitration notice by CIMB Group Holdings Bhd to restraint…

LONDON (Dec 18): Oil prices fell 4% on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record US…

KUALA LUMPUR (Dec 18): The “fire sale” of luxury superyacht Equanimity, which will be transacted at half of its original price, is a failure that…

KUALA LUMPUR (Dec 18): The FBM KLCI closed 6.31 points or 0.38% lower with Asian shares today after US stocks’ overnight drop. World markets fell…

KUALA LUMPUR (Dec 18): The Securities Commission Malaysia (SC) is maintaining its decision to reprimand and penalise Lotte Chemical Titan Holding Bhd (LCTitan), its two executive…