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Palm oil futures hit 1-month peak on 1st day of post-GE trade

Palm oil futures hit 1-month peak on 1st day of post-GE trade

Palm oil prices rose as much as nearly 3% this morning, reaching their strongest since April 10. Traders say palm prices were supported by declines in the ringgit, which weakened 1% today. (Reuters pic) KUALA LUMPUR: Malaysian benchmark crude palm oil futures surged to their highest in a month at the opening of trade today, […]

May 14, 2018 | By | Reply More
Moody’s: ‘Little clarity’ on government’s economic policy

Moody’s: ‘Little clarity’ on government’s economic policy

The ratings agency also expects Malaysia’s deficit and debt burden to hover around current levels. SINGAPORE: Ratings agency Moody’s today said if the new government fulfilled its campaign promises without any adjustments, it would be credit negative for the economy. It added that there was “little clarity” on the new government’s economic policy agenda. It […]

May 14, 2018 | By | Reply More
KLCI futures contract opens higher

KLCI futures contract opens higher

Market conditions over the mid-to-longer term are expected to remain encouraging underpinned by improving global growth and earnings. KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives opened higher today on a bullish outlook for the cash market. Public Investment Bank in a research note said while acknowledging the […]

May 14, 2018 | By | Reply More
HSBC says performs first trade finance transaction using blockchain

HSBC says performs first trade finance transaction using blockchain

HSBC Holdings Plc said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. HSBC Building.(Reuters pic) HONG KONG: HSBC Holdings Plc said on Monday it had performed the world’s first trade finance transaction using […]

May 14, 2018 | By | Reply More
Xerox announces termination of merger deal with Fujifilm

Xerox announces termination of merger deal with Fujifilm

Xerox on Sunday announced it was terminating a proposed merger with Fujifilm and appointing a new chief executive after entering into a settlement with activist shareholders who had contested the takeover. Fujifilm Holdings’ logos are pictured ahead of its news conference in Tokyo, Japan.(Reuters pic) SAN FRANCISCO: Xerox on Sunday announced it was terminating a […]

May 14, 2018 | By | Reply More
Trump pledges to safeguard Chinese telecoms giant ZTE

Trump pledges to safeguard Chinese telecoms giant ZTE

US President Donald Trump said Sunday he was working with his Chinese counterpart Xi Jinping to prevent telecom giant ZTE from going out of business after it was hit by an American technology sales ban. US President Donald Trump says he is working with Chinese leader Xi Jinping to help telecom giant ZTE to stay […]

May 13, 2018 | By | Reply More
Trump unveils plan to reduce US pharmaceutical prices

Trump unveils plan to reduce US pharmaceutical prices

President Donald Trump outlined plans Friday to reduce soaring US prescription drug prices, among the highest in the world, but opposition Democrats accused him of falling short of his election campaign promises. US President Donald Trump delivers remarks on reducing drug costs in the Rose Garden at the White House in Washington, DC.(AFP pic) WASHINGTON: […]

May 12, 2018 | By | Reply More
1MDB bonds take a hit as May 9 vote puts focus on future

1MDB bonds take a hit as May 9 vote puts focus on future

Dr Mahathir Mohamad’s win on Wednesday is fuelling speculation that 1MDB’s closure could be more certain. 1MDB announced plans to break up assets and wind down operations in 2015. (Reuters pic) KUALA LUMPUR: Controversial state-owned investment fund 1MDB came under pressure in the bond market this week after the nation’s landmark election raised questions about […]

May 12, 2018 | By | Reply More
Malaysia ETF rebounds after record outflows

Malaysia ETF rebounds after record outflows

The iShares MSCI Malaysia ETF, known as EWM, clawed back most of Wednesday’s loss. NEW YORK: The sole exchange-traded fund holding Malaysian stocks staged a dramatic rebound from its biggest decline in almost two and a half years, climbing nearly 5% as investors digest the surprising election results that will bring the Southeast Asian nation’s […]

May 11, 2018 | By | Reply More
Chipmaker Nvidia sees fewer crypto miners, more gamers in future

Chipmaker Nvidia sees fewer crypto miners, more gamers in future

Too many cryptocurrency clients and fewer cloud computing orders than expected underwhelmed Nvidia Corp investors on Thursday, although the graphics chip maker said a supply shortage that hit its core video game audience had eased. The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan.(Reuters pic) SAN FRANCISCO: Too […]

May 11, 2018 | By | Reply More