The euro has come under pressure following the election in German, which produced the expected win for Merkel but saw her party and the SPD coalition partner lose ground to the nationalist AfD, the upshot of which is political uncertainty as there is no easy coalition options. EUR-USD and euro crosses are likely to remain […]
KUALA LUMPUR (Sept 25): Foreign investors offloaded RM477.7 million of Malaysian equity last week, wiping off the prior week’s inflow of RM345.1 million, according to…
KUALA LUMPUR: The US Federal Reserve (Fed) will kick-start the unwinding of its US$4.5 trillion (RM18.9 trillion) balance sheet next month — barely one week…
KUALA LUMPUR (Sept 25): Malaysia’s non-financial government-linked companies (GLCs) have seen the sharpest deterioration in credit trend since 2011, with median debt ratio increased by…
KUALA LUMPUR (Sept 25): The Minority Shareholder Watchdog Group (MSWG) has described the move by certain Willowglen MSC Bhd’s shareholders to dispose their shares at…
KUALA LUMPUR (Sept 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and eight with negative momentum. Stock with positive momentum was: Carimin Petroleum…
KUALA LUMPUR (Sept 25): Deutsche Bank AG is “moderately bullish” on the ringgit, describing the country’s currency as “very cheap”, which could improve to 4.000…
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LONDON: Ratings agency Moody’s downgraded Britain’s credit rating on Friday, saying the government’s plans to bring down its heavy debt load had been knocked off course and Brexit would weigh on the economy.
TIANJIN: China’s technologically recoverable shale gas reserves dropped by 6 percent in 2016, the country’s Ministry of Land and Resources said on Saturday, with no new finds of the unconventional resource recorded last year.
LONDON: US taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its licence in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.
FRANKFURT: Lufthansa is offering to pay 200 million euros ($239 million) to buy its insolvent smaller rival Air Berlin and is prepared to pay up to 100 million euros to meet operating costs to keep the airline going in the interim, newspaper Bild am Sonntag (BamS) said on Sunday.