Oil slumps 4% to lowest in a year as stock markets sink
LONDON (Dec 20): Oil prices fell more than 4% on Thursday, hitting their lowest in more than a year on worries about oversupply and the…
LONDON (Dec 20): Oil prices fell more than 4% on Thursday, hitting their lowest in more than a year on worries about oversupply and the…
LONDON (Dec 20): World equity markets slumped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook even as…
KUALA LUMPUR (Dec 20): Malaysia attracted RM139.3 billion in approved investments in the manufacturing, services and primary sectors in the first nine months of 2018,…
KUALA LUMPUR (Dec 20): HSBC Holdings Plc (HSBC) is selling its 49% stake in HSBC Amanah Takaful (Malaysia) Bhd, held via indirect wholly-owned unit HSBC…
KUALA LUMPUR (Dec 20): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 21) may include: Genting…
OVERVIEW The US Dollar index waits for the US Fed decision on interest rates, with the Greenback down 0.2% vis-à-vis G-10 currencies The GBP is ignoring Brexit chaos and is focused on the upcoming Bank of England interest rate decision The price of a barrel of NYMEX WTI Crude crashes to $48.90, its lowest level […]
The Dollar has traded softer so far today as markets anticipate a “dovish hike” from the Fed today, being a 25 bp tightening complemented by a signal that policy is going neutral. There has been some speculation that the Fed might even refrain from hiking, though we are doubtful this will happen. Stock markets in […]
The Dollar recovered some in N.Y. trade on Tuesday, taking the DXY to 97.16 from seven-session lows of 96.72 seen into the open. USD short covering ahead of the FOMC announcement on Wednesday was a driver, though the market appears to be ready for a dovish statement from the Fed after it likely raises rates […]
The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday’s peak by 13 pips. EUR-JPY, EUR-GBP and EUR-CHF, among […]
(Dec 19): Hackers accessed the European Union’s diplomatic communications network for years, downloading cables that reveal concerns about the Trump administration, struggles to deal with…
BANGKOK (Dec 19): Thailand’s central bank on Wednesday raised its key policy rate for the first time in more than seven years and cut economic…
KUALA LUMPUR (Dec 19): Malaysian prosecutor M Kurup declines to specify whose presence at Goldman the prosecution is seeking before it proceeds with trial. * “We…