Recognising GLCs are vehicles of graft is part of economic reforms, says don
KUALA LUMPUR (July 13): Putrajaya needs to acknowledge the fact that government-linked companies (GLCs) are vehicles of corruption in order to succeed in its economic…
KUALA LUMPUR (July 13): Putrajaya needs to acknowledge the fact that government-linked companies (GLCs) are vehicles of corruption in order to succeed in its economic…
KUALA LUMPUR (July 13): JAKS Resources Bhd is appealing the High Court’s decision ordering the release of a RM50 million bank guarantee to Star Media…
KUALA LUMPUR (July 14): Prasarana Malaysia Bhd, which has been blamed by the Finance Ministry recently for poor management which resulted in the jump of…
KUALA LUMPUR (July 13): Based on corporate announcements and news flow today, companies in focus on Monday (July 16) may include: IHH Healthcare, JAKS Resources,…
CHEQUERS, England (July 13): US President Donald Trump said on Friday he looked forward to finalising a post-Brexit trade deal with Britain, marking an abrupt…
KUALA LUMPUR (July 14): Given the country’s burgeoning debt burden, will sovereign wealth fund Khazanah Nasional Bhd sell its assets to raise cash for the…
FX trade was relatively quiet in N.Y. on Thursday, leaving the DXY little changed. Slightly cooler than forecast U.S. CPI dented the greenback a bit early on, though the unit steadied inside narrow ranges after that. EUR-USD remained inside of a 1.1696 to 1.1654 band, while USD-JPY was stuck between 112.37 and 112.58. USD-CAD was […]
OVERVIEW Stock markets are higher overnight on better earnings data. Oil recovers after a brief dip below $70. Trump’s tour of Europe yet to provide any fireworks for markets. HIGHLIGHT See featured currency of the day! US DOLLAR USD printed at 6-month highs against JPY, buoyed by elevated inflation data. Markets seem to have shrugged […]
USD-JPY rallied to a fresh six-month high, of 112.77, as most global stock markets continued to rally, buoyed by a strong global economy and expectations for a solid Q2 corporate earnings reporting season. Chinese markets have still underperformed, however, along with the Australian share market, on concerns about worsening Sino-U.S. trade relations. The weakness in […]
The dollar and yen traded generally firmer against most other currencies, with the U.S. currency in turn outperforming its Japanese counterpart. In the mix was an underperformance by sterling, which has been affected by a swirling Brexit storm. EUR-USD posted an 11-day low at 1.1612, extending what is a now run of five consecutive down […]
KUALA LUMPUR (July 13): AmBank (M) Bhd has waived the fee for fund transfers performed via its online banking platform, AmOnline, which is expected to…
KUALA LUMPUR (July 13): Tenaga Nasional Bhd says it believes that competitive bidding for power plant projects would bring the best value to the industry. TNB…