Hong Kong’s anti-mask law incited another weekend of mass protests. The city’s chief executive Carrie Lam invoked emergency powers on Friday that “aimed to deter people from joining these unlawful assembly and put an end to the violence,” a pro-establishment Hong Kong legislator, who approved of...
KUALA LUMPUR (Oct 7): Bank Negara Malaysia’s (BNM) international reserves decreased to US$103.0 billion as at Sept 30, 2019, from US$103.5 billion as at Sept 13, 2019. In a statement today, the central bank said the reserves position would be sufficient to finance 7.6 months of...
KUALA LUMPUR (Oct 7): The ringgit opened marginally lower against the US dollar today tracking the weakening Chinese yuan, said a dealer. At 9.10 am, the local note was at 4.1870/1900 against the greenback from Friday’s close of 4.1840/1870. Axi Trader Asia-Pacific market strategist Stephen Innes said...
KUALA LUMPUR: The ringgit closed higher against the US Dollar today, as the dollar continues to weaken on the prospect of another interest rate cut by the US Federal Reserve (US Fed). At 6 pm, the local note was at 4.1840/1870 compared with yesterday’s close of...
U.S. employers added fewer jobs than expected in September and wage gains slowed, adding to evidence of decelerating growth in the domestic economy. But in a sign of a still-tight labor market, the unemployment rate unexpectedly declined to a fresh five-decade low of 3.5%. Here were the main...
The dollar slipped on Friday after earlier posting gains following a U.S. jobs report that underperformed expectations but was solid overall, as investors remained cautious about political risk in the United States and ongoing trade negotiations with China. The greenback hit session highs against the yen...
Stocks closed higher on Friday as the latest U.S. jobs report hit the sweet spot with Wall Street traders. The Dow Jones Industrial Average climbed 372 points, or 1.4% to close at 26,573.75. The S&P 500 advanced 1.4% to 2,952.01. The Nasdaq Composite also gained 1.4% to close at 7,982.47. For the...
The Reserve Bank of India on Friday cut interest rates for a fifth straight meeting, stepping up efforts to kickstart economic growth languishing at six-year lows. The RBI maintained its “accommodative” stance and said it would maintain this position “as long as it is necessary” to revive growth, while ensuring...
KUALA LUMPUR (Oct 4): Malaysia's August exports registered a 0.8% year-on-year (y-o-y) decrease to RM81.4 billion, while imports fell 12.5%. The Department of Statistics Malaysia stated that the decline in exports was due to lower exports to Hong Kong (-RM911.5 million), Singapore (-RM844.9 million), Australia (-RM818.1...
KUALA LUMPUR: The ringgit opened higher against the US dollar as expectation of more rate cuts by the US Federal Reserve lifted market sentiment towards the local note. At 9.02am, the local note was at 4.1820/1850 against the greenback from 4.1860/1890 at the close yesterday. A dealer said the prospect of...