The ringgit opened higher against the US dollar on Thursday as the greenback tracked the US Dollar Index, which remained below the 100-point mark. At 8am, the ringgit strengthened to 4.1255/1395 versus the US dollar from Wednesday’s close of 4.1360…
Oil prices fell in early Asian trade on Monday, erasing last week’s gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had been hit by a Ukrainian…
From the launch of new products and services in Japan to facilitating leveraged trading bets, crypto exchanges and some financial firms are rushing to cash in on rising investor enthusiasm for digital assets amid hopes of easing regulations. The recent…
US tariffs are hitting exports from China and the rest of the Asia-Pacific (APAC) region, but Fitch Ratings expects growth in the region to remain higher than in other parts of the world. The firm said that a weaker US…
HSBC said on Thursday it planned to privatise Hong Kong’s Hang Seng Bank after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China. HSBC will offer HK$155…
Wall Street futures slipped on Wednesday as the clock ticked down to a US government shutdown that would delay the release of crucial jobs data and muddy the interest rate outlook, while Asian markets hesitated after a solid quarter of…
Bursa Malaysia opened higher on Monday, with the FTSE Bursa Malaysia KLCI (FBM KLCI) rising above the key 1,600 level, buoyed by positive sentiment from Wall Street. At 9.05 am, the FBM KLCI was up 2.86 points at 1,601.09, following…
Gas Malaysia Bhd has awarded engineering, procurement, construction and commissioning (EPCC) contracts for its biomethane purification plants in Trong and Air Kuning in Perak to MTC Orec Sdn Bhd and Enproserve (M) Sdn Bhd. Scheduled for completion within 13 months,…
Chinese ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from record highs. Alibaba rocketed 15 per cent following bumper results after hours on Friday, including a surge in…
Southern Cable Group Bhd’s strong performance this quarter is expected to sustain into the second half of 2025, boosted by capacity expansion and major project deliveries, Hong Leong Investment Bank Bhd (HLIB) said. The research house said the ramp-up of…
Petronas Chemicals Group Bhd recorded a dismal performance in the second quarter of 2025 due to internal and external disruptions to its operations. This comes amid heightened geopolitical tensions in the Middle East and tariff announcements, which affected crude oil…
RHB Investment Bank Bhd has maintained its “Overweight” rating on the construction sector, anticipating a stronger pipeline of development expenditure (DE) under the 13th Malaysia Plan (13MP), which was tabled in Parliament yesterday. In a research note, the firm said…
Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants. Investors…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks…
Eogene Ewe showed strong resolve to bounce back from last week’s early exit at the US Open by booking his place in the main draw of the Canada Open. The world No. 98 cleared both his qualifying hurdles at the…
Some analysts expect Malaysia’s export growth to moderate between 2.0 per cent and 3.1 per cent this year, reflecting a cautious outlook in light of persistent trade uncertainties. MIDF Research projects export growth to slow to 2.0 per cent in…
Traders on Friday exchanged the most US$80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict. Call options grant the holder…
Most emerging Asian equities rose on Monday ahead of the crucial trade talks between the US and China in London later in the day, while regional currencies remained subdued against a steady dollar. Top trade representatives from Washington and Beijing…
Bursa Malaysia ended lower today, pressured by selling activity amid cautious market sentiment as investors await key US economic data releases later this week. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.68 points or 0.18 per cent…
The Indonesian rupiah led a broader advance across Asian currencies on Friday as the US dollar retreated, with Treasury yields tumbling after lacklustre US economic data reaffirmed expectations for more Federal Reserve policy easing. The rupiah strengthened as much as…
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