Oil dips as IMF lowers global growth outlook; eyes on U.S. hurricane
TOKYO (Oct 10): Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned…
TOKYO (Oct 10): Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned…
(Oct 10): Malaysia’s third push to build a national car brand may see it sourcing parts from Southeast Asian neighbors, as the region forges stronger…
KUALA LUMPUR (Oct 10): The FBM KLCI reversed its earlier gains and retreated at mid-morning as sentiment turned tepid. At 10am, the FBM KLCI shed 0.37…
The Dollar has traded steadily in thin trading. Chinese markets reopened after a week-long break, while Japanese markets are closed today, as will be Canadian markets today, and Treasury markets in the U.S. (although Wall Street will be open). A risk-off sentiment has coursed through Asian markets as investors digest last week’s spike in U.S. […]
The Yen has outperformed while the Pound and the Euro have underperformed amid a backdrop of risk aversion in global markets. Trading conditions have been thinned by the absence of Tokyo today, and with holidays due in Canada and the U.S. The Euro has come under pressure concomitantly with a fresh spike in Italian yields […]
KUALA LUMPUR (Oct 8): Based on corporate announcements and news flow today, companies in focus on Tuesday (Oct 9) may include: UEM Sunrise Bhd, T7…
KUALA LUMPUR (Oct 8): Political parties should not be prevented from owning media companies and should be free to compete for readers, says The Edge…
(Oct 9): The initial coin offering boom is slowing to a whimper. Startups raised less than $300 million in September, the smallest amount since May 2017,…
PORT DICKSON (Oct 8): Prime Minister Tun Dr Mahathir Mohamad has expressed hope that the voters in Port Dickson will give victory to Pakatan Harapan…
(Oct 9): Alphabet Inc.’s Google has decided not to compete for the Pentagon’s cloud-computing contract valued at as much as $10 billion, saying the project…
(Oct 9): Tesla Inc. just can’t seem to catch a break. If the rout sparked by an SEC investigation into CEO Elon Musk’s tweets on taking…
KUALA LUMPUR: MMC-Gamuda KVMRT (T) Sdn Bhd said that the joint venture (JV) was not being given a fair chance to work out the cost…