Oil becomes soft spot for Malaysian bonds as budget needs grow
KUALA LUMPUR (Jan 21): The slump in oil prices is coming at a bad time for Malaysian bonds. The 30 percent slide in crude from last…
KUALA LUMPUR (Jan 21): The slump in oil prices is coming at a bad time for Malaysian bonds. The 30 percent slide in crude from last…
BEIJING (Jan 21): China’s economy grew 6.4 percent in the fourth quarter of 2018 from a year earlier, official data showed on Monday, in line…
KUALA LUMPUR (Jan 21): Finance Minister Lim Guan Eng clarified today that the Inland Revenue Board Of Malaysia’s 2018 direct tax collection was based on…
KUALA LUMPUR (Jan 21): Genting Group said it remains confident of defeating Wynn Resorts Holdings LLC’s baseless claims against Resorts World Las Vegas LLC on…
KUALA LUMPUR (Jan 20): The Inland Revenue Board of Malaysia achieved a new record in direct tax collection last year, with RM137.035 billion collected, which is…
KUALA LUMPUR (Jan 19): Since October last year the Genting Group has been hit by a series of negative developments — an increase in casino…
The main theme has been Yen softness so far today, which has been concomitant with a revival in risk appetite in global markets. A WSJ report, citing unnamed sources, alleged that U.S. Treasury Secretary Mnuchin discusses lifting some or all of the tariffs imposed on Chinese imports. The Treasury denied the report, but it makes […]
A risk-back-on theme in global markets found expression in forex markets by weakening the Yen. USD-JPY lifted to a 16-day high of 109.59, while EUR-JPY has printed a three-day high, and AUD-JPY a one-month peak. The Yen’s softness has been concomitant with a revival in risk appetite in global markets, which was sparked by WSJ […]
OVERVIEW The Dollar Index is up 0.15%, looking towards a higher weekly close. Risk-on sentiment returned and gold is trading 0.7% lower. World equity markets are in green. NYMEX WTI Crude marches higher 0.75% to trade near $52.50 a barrel. HIGHLIGHT
The Dollar rallied through the morning session in N.Y. on Friday, taking the DXY to two-week highs of 96.39. Gains came following news that China may ramp up purchases of U.S. goods over the next 6-years, with the goal of eliminating the current trade imbalance. EUR-USD dropped to 1.1352 lows from highs near 1.1410, while […]
WASHINGTON (Jan 18): North Korea’s lead negotiator in nuclear diplomacy with the United States is expected to hold talks with Secretary of State Mike Pompeo…
HONG KONG (Jan 18): Alibaba Group Holding Ltd is cutting its spending on travel and postponing some new hiring as China’s largest e-commerce company braces…