PETALING JAYA: Bank Negara has set its priorities to foster the right conditions for Malaysia’s financial sector to capitalise on digitalisation while ensuring that attendant risks are well understood and managed effectively by the financial institutions. Read full story
NEW YORK: Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Read full story
NEW YORK: Bank of America Corp Chief Executive Brian Moynihan’s total compensation for 2021 rose by US$7.5 million, or more than 30%, a regulatory filing showed on Friday. Read full story
NEW YORK: Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets. Read full story
NEW YORK: Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers. Read full story
NEW YORK/LONDON: Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years. Read full story
NEW YORK: A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, a dealer said. Read full story
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today, tracking higher crude oil prices. Read full story
KUALA LUMPUR: The possible resurgence of COVID-19 infections continues to pose a downside risk to Malaysia’s trade-oriented manufacturers and export outlook, though the impact would be less severe and short-lived. Read full story
SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Read full story
KUALA LUMPUR: Malaysia’s total trade recorded an upward trend, growing 5.5% in December 2021 compared to the previous month, said the Malaysian Statistics Department. Read full story