Oil prices drop 2% on US crude build, Covid-19 surge in India
NEW YORK (April 22): Oil prices on Wednesday fell for a second day to their lowest in a week on a surprise build in U.S….
NEW YORK (April 22): Oil prices on Wednesday fell for a second day to their lowest in a week on a surprise build in U.S….
KUALA LUMPUR (April 22): Widad Group Bhd’s share price rose 4% in morning trade on Bursa Malaysia today after the builder said yesterday the Kedah state…
KUALA LUMPUR (April 22): US-based semiconductor manufacturer Intel Corp said today its Malaysian operations are now harnessing solar energy to help power its six buildings…
(April 22): The SPAC boom may be deflating after more than a year of frenzy, but it’s still creating vast riches for the right deals. Take Grab…
KUALA LUMPUR (April 22): Bursa Malaysia rebounded today, mirroring the recovery in overnight US markets. All indices and sectoral indices were in green territory, with the FBM…
KUALA LUMPUR (April 22): Malaysia has issued US$800 million (about RM3.29 billion) worth of 10-year trust certificates, billed as the world’s first sovereign US dollar sustainability sukuk…
The dollar has diverged from U.S. yields, with the greenback, as measured by the narrow trade-weighted DXY index, extending yesterday’s steep decline in posting a fresh seven-week low at 90.88. The index is now down by a cumulative 2.8% from the five-month highs that were seen in late March. Today’s decline marks a break from […]
The dollar’s softening bias has remained in play, though USD-JPY has been the exception, with yen losses having been of slightly greater magnitude to the declines the dollar has seen versus other currencies. Both the dollar and yen posted fresh lows against the euro, sterling, Australian dollar, among other currencies. The narrow trade-weighted DXY index […]
After hitting trend lows into the open, the DXY recovered some ground through the N.Y. session on Tuesday. The index headed from six-week lows of 90.89 to 91.22 early in the session. Risk-off conditions brought a round of safe-haven Dollar buying to bear, despite Treasury yields dipping lower. Wall Street was on track for its […]
EVENING 5: Kossan earnings top RM1b for first time Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1….
KUALA LUMPUR (April 20): Kossan Rubber Industries Bhd reported today a record high quarterly net profit of RM1.04 billion for the first quarter ended March…
BARELY a year after it was listed on the Main Market of Bursa Malaysia, Mr DIY Group (M) Bhd’s market valuation has eclipsed that of…