Trade was quiet ahead of the FOMC, though the dollar did perk up some on pre-Fed short covering, helped by a stronger than expected ADP jobs report. The dollar chopped around inside a narrow range after the FOMC announcement, before steadying unchanged to a bit higher after the dust had settled. Rates were left unchanged, […]
NEW YORK (Feb 1): Oil prices rebounded from earlier losses to end higher on Wednesday, after the U.S. Energy Department said oil inventories rose for…
WASHINGTON (Feb 1): The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs…
MEXICO CITY (Feb 1): Royal Dutch Shell snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on…
SAN FRANCISCO/BENGALURU (Feb 1): Facebook Inc said on Wednesday that time spent on the social network fell at the end of last year by about…
PUTRAJAYA (Feb 1): Employees Provident Fund (EPF) Chairman Tan Sri Samsudin Osman leads the list of 370 recipients of federal awards and medals in conjunction…
KUALA LUMPUR (Feb 1): Nomura said Lotte Chemical Titan Holding Bhd’s fourth quarter results were in line with forecast. Nomura wrote in a note that its…
TOKYO (Feb 1): U.S. oil prices extended gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S. production topped…
GENTING Hong Kong on Thursday warned that the group is expected to record another net loss for the year, but it will be smaller compared…
(Feb 1): China’s “Belt and Road” investments in Kazakhstan are paying off, allowing the Central Asian country to promote itself as an attractive market for…
SINGAPORE (Jan 31): The entry of Chinese tech giants into the Asean e-commerce scene could see explosive growth for online retailing in the region, according…
The dollar has come back under pressure, and is presently vying with the Australian dollar for the biggest loser on the day spot. The narrow trade-weighted USD index (DXY) is presently showing a loss of 0.2%, having earlier been showing a 0.3% gain on the day, and a 0.7% gain from yesterday’s low. EUR-USD has […]