Gold slips 1% on elevated yields, dollar strength
BENGALURU: Gold prices retreated 1% on Monday as elevated U.S. Treasury yields and a surge in the dollar to two-decade highs dented the appeal of non-yielding bullion. Read full story
BENGALURU: Gold prices retreated 1% on Monday as elevated U.S. Treasury yields and a surge in the dollar to two-decade highs dented the appeal of non-yielding bullion. Read full story
KUALA LUMPUR: Telecommunication network solutions provider OCK Group Bhd (OCK) has secured a US$48.4 million (US$1=RM4.37) syndicated loan with OCBC Bank (M) Bhd (OCBC Malaysia). Read full story
HONG KONG/ LONDON: Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Read full story
LONDON: The U.S. dollar climbed to a two-decade high on Monday as rising U.S. Treasury yields prompted hedge funds to add to their bullish bets while the Chinese yuan weakened below 6.77 levels after weak trade data. Read full story
COMING off a good – albeit challenging – year, fintech firm Boost has gotten yet another boost: it is among the successful applicants for the digital bank licences from Bank Negara. Read full story
SINGAPORE: Financial technology (fintech) solutions provider MonetaGo has been awarded “best fintech startup in trade” by Global Trade Review (GTR). Read full story
KUALA LUMPUR: Access Group, a leading provider of business management software and solutions, has provided constant support to small and medium enterprises (SMEs) through transfer of knowledge and technology know-how to remain resilient in the midst of Covid-19 pandemic. Read full story
Firms mindful of global and local climate. Read full story
WHEN a bellwether Chinese property developer reportedly sought buyers for US$12bil (RM53bil) of assets to repay debt this year, the move sparked hopes of a liquidity boost for the nation’s embattled real estate firms. Read full story
MALAYSIA is set to achieve pre-pandemic economic growth this year but struggles to stay on track due to global headwinds, as well as certain structural constraints especially in the labour market. Read full story
WHERE stock-market investors see digital disruption, buyout firms see opportunity. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM6,100 and RM6,700 a tonne with a downside bias ahead of a key crop report set for release next week. Read full story