US STOCKS closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors contrasted Bank of America’s positive earnings with surging bond yields ahead of further earnings cues this week. Read full story
HONG KONG: The Japanese yen hit a 20-year low against the dollar on Tuesday, supported by high U.S. Treasury yields and likely comparatively good U.S. economic data this week. Read full story
SYDNEY: Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and a tightening labour market nudges wage growth higher, minutes of its April policy meeting showed on Tuesday. Read full story
HONG KONG: Asian shares traded cautiously on Tuesday, with investors weighing China’s measures to cushion an economic slowdown and the prospect of aggressive Federal Reserve monetary policy tightening. Read full story
BEIJING: China’s accommodation and catering sector contracted in January-March from a year earlier for the first time since 2020, pointing to increasingly flagging consumption weakened by COVID curbs on travel and social-distancing rules. Read full story
AUSTRALIAN shares rose on Tuesday to a 3-1/2-month closing high, lifted by gains in miners and energy firms on strong underlying commodity prices, while rising inflation was seen nudging the central bank to move closer towards hiking interest rates. Read full story
KUALA LUMPUR: Reservoir Link Energy Bhd unit Reservoir Link Sdn Bhd has received a contract from Roc Oil (Sarawak) Sdn Bhd for the provision of tubing cutting services for a hydraulic workover campaign. Read full story
KUALA LUMPUR: The FBM KLCI declined over morning trade in line with most Asian markets as the weak investor sentiment continued to spur selling in equities while the extended holiday weekend in many major markets kept trading subdued. Read full story
KUALA LUMPUR: Caely Holdings Bhd has announced that the authorities have frozen the operations of all the bank accounts of its group of companies. Read full story
KUALA LUMPUR: Capital A Bhd, the holding company for the AirAsia Aviation Group, has called on governments across Asia to further ease travel restrictions in order to revive the global economy. Read full story
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has named Ng Wei Wei as its first female chief executive officer (CEO), effective May 1, 2022, succeeding Wong Kim Choong. Read full story
BENGALURU: The energy-sensitive Indian rupee weakened on Monday, hurt by higher oil prices on concerns over tighter global supply, while other Asian currencies traded lower against a firmer U.S. dollar as inflationary pressures broadened. Read full story