SINGAPORE (May 10): Genting Singapore reported a 20% rise in 1Q18 earnings to S$217.2 million, from S$181.1 million in 1Q17. Revenue for the first quarter ended…
KUALA LUMPUR (May 10): Istana Negara has issued a statement confirming that Tun Dr Mahathir Mohamad will be sworn in as the 7th Prime Minister…
KUALA LUMPUR (May 10): Tun Dr Mahathir Mohamad created history today when he took the oath of office as the Prime Minister of Malaysia for…
KUALA LUMPUR (May 10): The surprise outcome of the 14th General Election (GE14) saw a weakening of the ringgit traded offshore, or non-deliverable forward (NDF),…
PETALING JAYA (May 11): Newly sworn-in Malaysian Prime Minister Tun Dr Mahathir Mohamad says the new government he helms will be business-friendly, and expresses hope…
OVERVIEW Euro rebounds from lowest since December remain weak. British Pound stabilizes despite slump in retail sales. Japanese Yen softened as risk appetite recovers. Turkish Lira rebounds from record low versus US Dollar after central bank action. Swedish Krone gains over 1% after inflation remains close to central bank’s target. HIGHLIGHT
The dollar came off the boil after logging new highs against the euro and some other currencies. Dollar supply from a 3% spike in oil prices (at the intraday highs), which was a consequence of the U.S. breaking from the Iran nuclear deal, was mooted in market narratives as driving the pullback in the greenback. […]
The dollar has traded firmer, led by a 0.5% rise in USD-JPY after the Tokyo fixing today. The USD index (DXY) is showing a 0.2% gain, posting a new four-month high at 93.34, and EUR-USD logged a fresh 2018 low at 1.1830. USD-JPY lifted above 109.50 for the first time since last Thursday after breaking […]
The dollar came off the boil on Wednesday, taking the DXY to lows of 92.84 early in the N.Y. session, down from overnight trend highs of 93.42. The greenback perked up some later in the session, seeing the dollar index recover to 93.15. Softer U.S. core PPI weighed on the USD initially, though buyers quickly […]
TOKYO (May 9): China, Japan and South Korea agreed on Wednesday to cooperate in seeking the denuclearisation of the Korean peninsula, with Japanese Prime Minister…
The Malaysian electorate has heading out to vote on an unprecedented Wednesday polling day. General elections set during (or ranging a time period over) weekends…
(May 9): There will be no extension for voting in the 14th general election, Election Commission chief Hashim Abdullah said. “We will close at 5pm for…