Author Archive: Free Malaysia Today

rss feed

Author's Website

Japanese stocks stumble, spooked by yuan’s fall

Japanese stocks stumble, spooked by yuan’s fall

Losses were driven by selling in the futures after the yuan weakened below 6.8 per dollar in the onshore trade for the first time in a year. A pedestrian stands to look at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan, TOKYO: Japanese stocks dropped on […]

July 20, 2018 | By | Reply More
Ringgit opens slightly higher against US dollar

Ringgit opens slightly higher against US dollar

A dealer said Trump’s remarks had pulled down the greenback from its recent gains, causing it to weaken against other currencies, including the ringgit. Stacks of ringgit Malaysia notes. (Bloomberg pic) KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today after US President Donald Trump said he was “not happy” with the […]

July 20, 2018 | By | Reply More
Bursa Malaysia opens easier

Bursa Malaysia opens easier

Public Investment Bank Bhd said in a note that markets were unsettled though not overly-troubled, with US equities declining for the first time in three days as financial-based shares led declines. Investors monitor share market prices in Kuala Lumpur, Malaysia. (Reuters pic) KUALA LUMPUR: Bursa Malaysia opened lower falling back on Wall Street’s subdued overnight […]

July 20, 2018 | By | Reply More
Fosun considering US$500 million IPO of Gland Pharma

Fosun considering US$500 million IPO of Gland Pharma

Shanghai Fosun Pharmaceutical Group Co is in preliminary talks with potential advisers about an Indian IPO for Gland Pharma; the share sale could raise about US$500 million. Signage on the headquarters of Shanghai Fosun Pharmaceutical Group in Shanghai, China, March 2016. (Reuters pic) HONG KONG: A unit of Fosun International Ltd, the Chinese group backed […]

July 20, 2018 | By | Reply More
Oil prices rise as concerns about oversupply ease

Oil prices rise as concerns about oversupply ease

Prices were dragged down by concerns about oversupply as some production returned after outages, while trade tensions stoked fears of damage to economies and commodities. A pump jack is seen at sunrise near Bakersfield, California, October 2014. (Reuters pic) TOKYO: Oil prices gained on Friday after Saudi Arabia’s OPEC governor said the kingdom’s exports are likely […]

July 20, 2018 | By | Reply More
Former presidential bodyguard Sax now protects Blockchain

Former presidential bodyguard Sax now protects Blockchain

The former special agent and senior official of the US Secret Service, has joined British cryptocurrency company Blockchain Ltd as global head of security. A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 2015. (Reuters pic) […]

July 20, 2018 | By | Reply More
Yen may trigger “strong” rally in Japanese stocks: JPMorgan

Yen may trigger “strong” rally in Japanese stocks: JPMorgan

Strategists say the yen’s recent bout of weakness has been connected to Japanese companies sending direct investment abroad and domestic investors piling into overseas securities, countering any of the safe-haven demand that the currency might otherwise have enjoyed from rising US-China trade tensions. Japanese yen notes are piled up after counting at a bank during […]

July 20, 2018 | By | Reply More
Tesla’s battery maker suspends cobalt supplier amid sanctions concern

Tesla’s battery maker suspends cobalt supplier amid sanctions concern

Two sources familiar with the matter told Reuters that some of the cobalt that Panasonic uses to make Tesla’s batteries is mined in Cuba by Canadian supplier Sherritt International Corp. Tesla CEO says may source Samsung battery for energy storage products LONDON/TOKYO – Panasonic Corp said it was unable to determine how much of the […]

July 20, 2018 | By | Reply More
Boeing wins air show as Airbus gets boost from AirAsia

Boeing wins air show as Airbus gets boost from AirAsia

The world’s largest planemaker said it had won 528 orders and commitments at the event in southern England. A logo of Airbus is pictured at the entrance of the company’s delivery center in Colomiers near Toulouse, France, July 10, 2018. (Reuters pic) FARNBOROUGH: Boeing claimed victory on Thursday after outselling rival Airbus at this week’s […]

July 19, 2018 | By | Reply More
Commodity crash continues with charts sending bear signals

Commodity crash continues with charts sending bear signals

The Bloomberg Commodity Index slipped about 10% from a high in May amid mounting concerns that a trade war could derail global growth, curbing demand for everything from aluminium to soybeans. Traders on the floor of the New York Stock Exchange (NYSE) in New York, US, December 2017. (Reuters pic) NEW YORK: What’s next for […]

July 19, 2018 | By | Reply More