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Bursa Malaysia rebounds

Bursa Malaysia rebounds

KUALA LUMPUR: Bursa Malaysia rebounded yesterday on the back of buying interest, after global markets on Monday tumbled in volatile trading, leaving investors shaken and anxious. Similarly, most emerging market currencies, including the ringgit, turned around, appreciating slightly as Chinese shares pared some of their losses and prompted some bargain-hunting in regional currencies. “The bourse […]

August 26, 2015 | By | Reply More
KL shares turn higher at mid-morning

KL shares turn higher at mid-morning

KUALA LUMPUR: Shares on Bursa Malaysia turned higher at mid-morning today as the local stock continued to recover from a global selloff, dealers said. At 11.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) perked 4.81 points to 1,568.75. A dealer said investors returned to bargain hunt following the worst selloff since 2008 sparked by fears […]

August 26, 2015 | By | Reply More
Gold futures open higher

Gold futures open higher

KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives opened higher today with two contract months traded. At 10 am, August 2015 rose 16 ticks to RM155.80 a gramme, while November 2015 was 18 ticks better at RM157.70 a gramme. Volume stood at 254 lots with open interest totalling 971 contracts. At 9.30 am, […]

August 26, 2015 | By | Reply More
Asian shares seesaw as China rate cut fails to spark rally

Asian shares seesaw as China rate cut fails to spark rally

TOKYO: Shares were mostly lower in Asia on Wednesday, after a move by China to cut its key interest rate failed to spark a sustained rally on Wall Street. Investors looked set for another white-knuckle day as Chinese, Hong Kong and Japan shares bobbled in and out of negative territory. Japan’s main Nikkei 225 stock […]

August 26, 2015 | By | Reply More
KLCI futures lower in early trade

KLCI futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives was lower in early trade this morning in line with the easier cash market, a dealer said. At 9.38am, spot month August 2015 was 15.5 points lower at 1,541, September 2015 shed 16.5 points to 1,521.5 and December 2015 eased 16 […]

August 26, 2015 | By | Reply More
Ringgit at 4.27, continues slide against USD

Ringgit at 4.27, continues slide against USD

KUALA LUMPUR: The ringgit failed to halt its continuing decline against the US dollar at opening today, dealers said. At 9.26 am, the local unit was quoted at 4.2760/2850 to the greenback from 4.2105/2155 yesterday. A dealer said sentiment remained unsteady, even for the greenback, which traded lower against the euro and the yen. “The […]

August 26, 2015 | By | Reply More
Oil price at US$43 as China economy fears linger

Oil price at US$43 as China economy fears linger

SEOUL: Crude oil futures dipped on Wednesday on fears of a hard landing for China’s economy despite central bank moves to bolster stumbling growth and concerns about a supply glut. US stock futures resumed their descent in early Asian trade and Asian shares were seen on the defensive on Wednesday as monetary easing by China’s […]

August 26, 2015 | By | Reply More
ADB announces new US$1.2 bn annual package for Pakistan

ADB announces new US$1.2 bn annual package for Pakistan

KARACHI: The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth US$1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered sluggish growth in recent years, was on track to meet targets for cutting poverty. But it said overall development was below […]

August 25, 2015 | By | Reply More
65pct tariff reduction on goods for RCEP: Mustapa

65pct tariff reduction on goods for RCEP: Mustapa

RUPA DAMODARAN and ZARINA ZAKARIAH KUALA LUMPUR: The ASEAN- led Regional Comprehensive Economic Partnership (RCEP) will see tariff reduction up to 65 per cent on goods when the regional free trade pact comes into force said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. The RCEP, which is a grouping of the ASEAN-10 plus […]

August 25, 2015 | By | Reply More
Corporates have buffers to withstand RM weakness: S&P's

Corporates have buffers to withstand RM weakness: S&P's

KUALA LUMPUR: Seventy five per cent of corporates which Standard and Poor’s rates in Malaysia have sufficient buffers to withstand the ringgit weakening up to RM4.50 to the dollar for a year. Its corporate ratings director for Asia Pacific Xavier Jean said this was because these companies have a number of levers they can pull […]

August 25, 2015 | By | Reply More