Equanimity 'properly seized' under Malaysian laws, AGC says
KUALA LUMPUR (Aug 7): The luxury yacht “Equanimity”, which was allegedly bought using funds misappropriated from 1Malaysia Development Bhd (1MDB), has been ‘properly seized’ according…
KUALA LUMPUR (Aug 7): The luxury yacht “Equanimity”, which was allegedly bought using funds misappropriated from 1Malaysia Development Bhd (1MDB), has been ‘properly seized’ according…
SHAH ALAM (Aug 8): Selangor Menteri Besar Amiruddin Shari has dismissed his predecessor Tan Sri Ibrahim Khalid’s claim that the state government is paying 10…
KUALA LUMPUR (Aug 7): Primary Industries Minister Teresa Kok came out in defence of newly appointed Malaysian Palm Oil Board (MPOB) chairman Tan Sri Mohd…
DUBAI/HONG KONG (Aug 7): Saudi Aramco and Malaysia’s Petronas have approached banks to replace a short-term US$8 billion loan raised earlier this year for a…
(Aug 7): The ratio of legal to illegal activity in Bitcoin has flipped, according to Lilita Infante at the U.S. Drug Enforcement Administration. When Infante started…
KUALA LUMPUR (Aug 7): Finance Minister Lim Guan Eng today accused the previous Barisan Nasional government of stealing the goods and services tax’s (GST’s) input…
KUALA LUMPUR: Malaysia is seeking help from Japanese automakers, including Nissan Motor, Toyota Motor and Daihatsu Motor, for its potential third national car project, according…
BEIRUT/LONDON (Aug 7): U.S. President Donald Trump pledged on Tuesday that firms doing business with Tehran would be barred from the United States, as new…
The Canadian Dollar dove after Saudi Arabia expelled Canada’s ambassador and froze all trade and investment with Canada. The was a response to Canada’s support of detained human rights activists. USD-CAD jumped by nearly 30 pips in the early phase of trading in the Asia-Pacific region, posting a high of 1.3019, before the move ran […]
The Dollar traded firmer, aided on its way by bearish data and developments affecting a number of other currencies. The USD index (DXY) rallied 0.4% to a six-week high of 95.50. USD-CAD was a mover, popping above 1.3000 after Saudi Arabia froze all trade and investment with Canada in response to Canada’s support of detained […]
OVERVIEW The unemployment rate fell to an 18-year low at 3.9%. Sterling continues to lose its shine on Brexit no-deal concerns. WTI bounced from week-lows on geopolitical risks. HIGHLIGHT
The Dollar index pulled back from the two-week highs of 95.37 seen in London, later retreating to 94.99 lows following the softer U.S. jobs report and weaker services ISM. EUR-USD bottomed at 1.1561 at mid morning, though later topped over 1.1600 into the London close. USD-JPY fell to 111.10, down from 111.62 highs. USD-CAD slipped […]