The DXY surged to 2018 highs in N.Y. trade on Tuesday, with the dollar taking its cue from decent incoming U.S. data in the form of retail sales and Empire State index, and the resultant pop in Treasury yields to multi-year highs. The higher yields spooked Wall Street, which was sharply lower. EUR-USD fell to […]
KUALA LUMPUR/TOKYO (May 15): New Malaysian Prime Minister Mahathir Mohamad said on Tuesday that he will remain in office for one or two years and…
KUALA LUMPUR (May 15): As results poured in from polling stations around Malaysia on the night of May 9, with one parliamentary seat after another…
BANGKOK (May 15): Talks between AirAsia Group Bhd and a partner to open an airline in Myanmar have stopped, the group’s chief executive told reporters…
KUALA LUMPUR (May 15): Halex Holdings Bhd is buying Hextar Chemicals Ltd (HCL) for RM596.79 million in shares and cash. Hextar Holdings Sdn Bhd has inked…
KUALA LUMPUR (May 15): Auditor-General Madinah Mohamad today announced that the audit report on 1Malaysia Development Bhd (1MDB) has been declassified. The announcement came after Madinah’s…
KUALA LUMPUR (May 15): Based on corporate announcements and news flow today, companies in focus on Wednesday (May 16) may include the following: Utusan Melayu…
KUALA LUMPUR (May 15): Malaysia may consider imposing capital controls again if there are signs of currency manipulation, says Prime Minister Tun Dr Mahathir Mohamad. “Currently,…
KUALA LUMPUR (May 15): Senior officials at scandal-plagued state fund 1Malaysia Development Bhd (1MDB) withheld information from its board and took some decisions without the…
KUALA LUMPUR (May 15): The Malaysian onshore financial markets remained stable and orderly post-general election, the Financial Markets Committee (FMC) said, adding that they continue…
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The USD index (DXY) has slipped below last week’s low on route to making an 11-day nadir at 92.31 in what is now the third straight session of declines and the most sustained down phase the dollar has seen since early April. The move has been concomitant with a softening in the outlook for an […]