The Dollar lifted out of lows while the Pound dove sharply as support for UK Prime Minister’s Brexit plan collapsed in dramatic fashion, with her Brexit secretary Dominic Raab and two of his cabinet colleagues quitting in protest about the compromises. Cable dove well over 1.5% to a low of 1.2751, building on the sharp […]
OVERVIEW The Pound fell by up to 2% against a basket of currencies Three UK Cabinet Ministers resign on the back of Brexit text being published The Canadian Dollar steadies as oil prices stay firm HIGHLIGHT The Pound has slumped by on average around 2% against a basket of currencies after a number of the […]
Aside from a few modest gyrations, the Dollar was relatively steady in N.Y. trade on Thursday. Incoming U.S. data was supportive overall, though Brexit concerns largely saw traders sit on their hands through the day. EUR-USD moved from 1.1289 lows to 1.1340 highs, while USD-JPY bottomed at 113.10 as Wall Street fell, only to bounce […]
The Dollar has traded broadly softer while the Yen has been an outperformer as U.S. equity futures tipped lower after positive Wall Street session yesterday, and amid a flagging sentiment across Asian bourses, even though Chinese markets managed gains. A senior Trump administration official cited by Reuters said that China’s written response to trade demands […]
KUALA LUMPUR (Nov 16): An industry group that oversees the sustainability of palm oil has hit back at U.K. supermarket chain Iceland Foods Ltd. for…
KUALA LUMPUR (Nov 16): Petronas Chemicals Group Bhd (PetChem) saw its net profit jump 37.7% to RM1.26 billion in the third quarter ended Sept 30, 2018…
SINGAPORE (Nov 16): U.S. Vice President Mike Pence said on Friday that the South China Sea does not belong to any one nation and the…
BANGKOK (Nov 16): Thailand’s military government is leaning on state-run enterprises to support economic expansion by speeding up investment, as risks loom from fizzling exports…
BANGKOK (Nov 16): Thailand’s economic growth in July-September is expected to have slowed from the previous quarter, a Reuters poll showed, as softer exports and tourism…
KUALA LUMPUR (Nov 16): Foreign insurers will be given the option to divest their stakes in their Malaysian units or contribute to the B40 National…
HONG KONG (Nov 16): Hong Kong’s economy grew 2.9 percent in the third quarter from a year earlier, the government said on Friday, boosted by steady…
KUALA LUMPUR (Nov 16): Mah Sing Group Bhd’s net profit fell 30.4% to RM64.23 million in the third quarter ended Sept 30, 2018 (3QFY18) from RM92.31…