Huawei founder's daughter arrested on U.S. request, clouding China trade truce
VANCOUVER/WASHINGTON (Dec 6): The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a…
VANCOUVER/WASHINGTON (Dec 6): The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a…
KUALA LUMPUR (Dec 6): Malaysian stocks closed lower today, in tandem with the slide in Asian stock markets, amid concerns the arrest of Huawei’s chief financial officer in…
KUALA LUMPUR (Dec 6): The Public Accounts Committee (PAC) will wait until the end of its inquiry to reveal the reason given by senior executives…
WELLINGTON (Dec 6): New Zealand released a defence policy statement on Thursday, calling climate change its greatest security threat and stressed the importance of the…
KUALA LUMPUR (Dec 6): The Federal Land Development Authority (Felda), which is embroiled in allegations of mismanagement and mounting debts, has commenced the sales of…
PUTRAJAYA (Dec 6): Ex-PM Datuk Seri Najib Tun Razak arrived at the Malaysian Anti-Corruption Commission (MACC) HQ at about 10.30am today. Reports have said he is…
KUALA LUMPUR (Dec 6): Telekom Malaysia Bhd (TM) and KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, have…
KLANG, Malaysia (Dec 6)(Thomson Reuters Foundation): Malaysian firm Top Glove, the world’s largest glovemaker, vowed on Thursday to clean up its labour supply chain and…
SINGAPORE (Dec 6): The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have decided not to allow Noble Group to transfer its…
OVERVIEW The Dollar Index traded with a negative bias for the second session in a row, down 0.6% amidst concerns over sliding Treasury yields. Sterling is trading stronger as members of Parliament started a debate on a UK-EU withdrawal agreement. NYMEX WTI Crude advanced by 1.80% today ahead of an OPEC meeting. HIGHLIGHT
After falling overnight, the DXY rallied through the N.Y. session on Tuesday, topping at 97.12 from lows of 96.39 into the open. There was no data to drive the market, though uncertainty over trade (Trump tweet: “I am Tariff Man”) spooked markets, resulting in safe-haven flows into the Dollar (and Yen). EUR-USD topped at 1.1418 […]
The Dollar has traded firmer despite fresh declines in U.S. yields yesterday, where the flattening yield curve has added the list of possible precursors of recession. Safe haven demand for the U.S. currency was cited in market narratives yesterday as Wall Street headed to sharp closing losses. There is also a holiday in the U.S. […]