The dollar rallied in N.Y. on Tuesday, taking it cue from Fed chair Powell’s inaugural congressional testimony, which was upbeat on the outlook, and saw the market price in 3 rate hikes this year. Yields rose, while Wall Street headed lower on the prospects of further tightening. The DXY shot up to nearly three-week highs […]
KUALA LUMPUR (Feb 28): Boustead Holdings Bhd’s net profit for the fourth quarter ended Dec 31, 2017 fell 28.7% to RM86.1 million from RM120.7 million…
KUALA LUMPUR (Feb 28): Property developer Selangor Properties Bhd (SPB) anticipates the local property market to remain soft this year against the backdrop of the…
KUALA LUMPUR (Feb 28): Green Packet Bhd reported a fourth quarter net loss at RM2.62 million versus a net profit of RM451,000 a year earlier…
KUALA LUMPUR (Feb 28): CIMB Group Holdings Bhd’s net profit rose 24% year-on-year (y-o-y) in the fourth quarter ended Dec 31, 2017 (4QFY17) to RM1.06…
KUALA LUMPUR (Feb 28): Tun Jeanne Abdullah, wife of former Malaysia Prime Minister Tun Abdullah Ahmad Badawi, is now the chairman of TRC Synergy Bhd….
KUALA LUMPUR (Feb 28): Malaysia’s January inflation, as measured by the consumer price index (CPI), grew at 2.7% year-on-year, the lowest since December 2016. The…
KUALA LUMPUR (Feb 28): Malayan Banking Bhd (Maybank), the country’s biggest lender by assets, saw annual net profit surpass the RM7 billion mark for the…
KUALA LUMPUR (Feb 28): AMMB Holdings Bhd announced a 30% year-on-year (y-o-y) drop in net profit for its third quarter ended Dec 31, 2017 (3QFY18),…
KUALA LUMPUR (Feb 28): Property developer Matrix Concepts Holdings Bhd’s third quarter net profit jumped 40% year-on-year to a record high of RM70.56 million from…
KUALA LUMPUR (Feb 28): Recent attacks against Malaysian tycoon Robert Kuok is a move by some elements within the ruling Barisan Nasional (BN) coalition to…
EUR-USD clocked a three-session high of 1.2355 on a continued dollar softness. The euro is trading more mixed versus other currencies, losing ground to sterling and Australian dollar, while gaining moderately versus the yen, suggesting that forex markets are not too perturbed by the next weekend’s general election in Italy, where attention will be on […]