Brent hits 5-mth high on Abu Dhabi supply cuts, China data
SINGAPORE (Aug 31): Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies…
SINGAPORE (Aug 31): Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies…
IN seeking equitable growth for all Malaysians, a lot of attention is understandably being paid to the bottom 40% of households (B40), which is deemed…
KUALA LUMPUR (Aug 31): Genting Hong Kong Ltd (GEN HK) announced the resignation of its controlling shareholder’s son Lim Keong Hui from the board. Keong Hui…
KUALA LUMPUR (Aug 31): Malaysia reported today one Covid-19-related death and six new cases linked to the pandemic, Tan Sri Dr Noor Hisham Abdullah said…
KUALA LUMPUR (Aug 31): The glove mania in Bursa Malaysia appears to be losing momentum in August although all the glove counters soared to all-time…
NEW YORK/TOKYO (Aug 31): Berkshire Hathaway Inc has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over US$6 billion,…
KUALA LUMPUR (Aug 30): Malaysia, together with ASEAN member countries, will collaborate and support ASEAN external partners’ Covid-19 vaccine development through sharing of key clinical…
TANJUNG MALIM (Aug 29): Barisan Nasional (BN) retained the Slim state seat with an enhanced majority of 10,945 votes in a by-election today. BN’s Mohd Zaidi…
KUALA LUMPUR (Aug 30): The Ministry of Health reported 17 new cases today, the highest daily infection number in two weeks, since the 25 cases…
Narrow ranges have been prevailing among the main currencies, with market participants hunkering down ahead of Fed Chairman Powell’s keynote Jackson Hole address on Thursday (which will be a virtual affair this year). Global stock markets have steady, after Wall Street produced yet further record highs for the S&P 500 and NASDAQ. Markets are anticipating […]
The dollar was stuck in narrow trading ranges in N.Y. on Tuesday, though remained near its recent highs. The DXY slipped early on, bottoming at 92.97, then bouncing to 93.20. Incoming data help USD sentiment to an extent, as July new home sales surged 13.9%, the most since December 2006. While a softer consumer confidence […]
The Dollar started the N.Y. Thursday session on a firmer note, getting a brief boost from a much stronger durable orders outcome. Gains were not to last however, as the USD fell broadly through the remainder of the session. The DXY peaked at a four-session high of 93.36, later falling to 92.85 lows. Some position […]