Currencies have settled in relatively narrow ranges so far today, with the dollar and yen consolidating recent sharp declines. Global asset markets have remained buoyed, though mixed. The main U.S. equity indices hit fresh highs yesterday and copper prices today posted new near-seven-year highs today in Asia trading. South Korea’s KOPSI pegged a new record […]
EVENING 5: MyEG gets three-year extension Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. MyEG Services secures…
KUALA LUMPUR (Dec 4): Fitch Ratings has downgraded Malaysia’s long-term foreign-currency issuer default rating (IDR) to ‘BBB+’ from ‘A-‘, with a stable outlook. The downgrade…
(Dec 4): Malaysia’s latest challenge from the coronavirus pandemic is to allay concern among local Muslims about vaccine shots which could contain substances forbidden by…
KUALA LUMPUR (Dec 4): Based on corporate announcements and news flow today, stocks in focus for Monday (Dec 7) may include: Gamuda Bhd, Genting Malaysia…
SINGAPORE (Dec 4): Southeast Asian ride-hailing firm Grab’s venture with Singtel and internet platform company Sea Ltd have each won licences to run Singapore’s first…
NEW YORK/BOSTON (Dec 4): Investors are gauging how far a rally in beaten-down energy shares could run, as an expected recovery for the coronavirus-hit economy…
KUALA LUMPUR (Dec 5): The country’s grappling with the Covid-19 outbreak among foreign workers, specifically at the world’s largest glovemaker Top Glove Corporation Bhd, has…
(Dec 4): Some damage to Sino-US ties are “beyond repair” amid a new wave of Trump administration measures to counter China, Chinese state media warned,…
KUALA LUMPUR (Dec 5): Shares of British American Tobacco (Malaysia) Bhd topped the gainers list this week, climbing RM1.90 or 16.55% to settle at its…
DURBAN (Dec 5): South Africa’s second-largest crude oil refinery, the Engen plant in Durban, has been shut down to allow investigators a chance to find…
The DXY dollar index posted a fresh 32-month year low at 90.93. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and […]