KUALA LUMPUR (Jan 4): Amid rumours of abdication, Prime Minister Tun Dr Mahathir Mohamad confirmed that Sultan Muhammad V has returned and resumed his duties…
The following is a press release by the legal team on the Equanimity, reproduced in full. The filings on 19 to 21 December 2018 by the…
KUALA LUMPUR (Jan 4): The FBM KLCI closed 6.05 points or 0.36% lower today after US stocks fell substantially overnight on Thursday amid weaker outlook…
KUALA LUMPUR (Jan 4): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Jan 7) may include the…
WASHINGTON (Jan 4): The U.S. hasn’t done enough to counter the use of technology transfers and supply chain infiltration from countries like China, leading to…
The Dollar rallied in N.Y. on the first trading day of the year, taking the DXY to 96.88 highs, up from 96.27 into the open. Safe-haven flows were behind the Greenback’s gains early on, as Wall Street opened sharply lower on the back of China growth concerns. Aside from Markit PMI data, there was no […]
The Yen has strengthened sharply, driven by safe haven demand following Apple’s after-hours revenue warning, which has sent U.S. equity futures down sharply while weighing on Asian markets. AUD-JPY has been the biggest mover, and is showing a 1.8% loss despite having lifted out of its lows. USD-JPY is off by 1.4%, at 107.35, having […]
OVERVIEW Concerns about the Asian economy cause a sharp decline in the Japanese Yen before recovering in today’s trading. Sterling drops further against USD and Euro in lead up to debates next week over PM May’s proposed deal with EU. Weak manufacturing data from Spain, Germany, France and Italy weigh down Euro against the US […]
KUALA LUMPUR (Jan 3): AMMB Holdings Bhd (AmBank Group) will dispose of AmBank (M) Bhd’s and AmBank Islamic Bhd’s non-performing loans (NPLs) totalling RM553.91 million…
KUALA LUMPUR (Jan 3): The FBM KLCI closed 7.72 points or 0.46% higher today on bargain hunting after the substantial decline yesterday. Today, the KLCI closed…
ZURICH (Jan 3): UBS Group AG Chairman Axel Weber says European banks will need to get bigger to compete with their U.S. counterparts, adding to…
KUALA LUMPUR (Jan 3): MY E.G. Services Bhd (MyEG), through its joint venture company MyEG Philippines Inc, will unveil its MyEG Insurance portal tomorrow (Jan…