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Asian markets mostly fall on US rate hike, Chinese data

Asian markets mostly fall on US rate hike, Chinese data

HONG KONG: Most Asian markets fell on Monday as investors prepare for a US interest rate hike and after weak Chinese data added to concerns over the health of the world’s number two economy. The dollar gained against the yen after upbeat jobs data on Friday added to expectations the US central bank will raise […]

August 10, 2015 | By | Reply More
Asian stocks defensive on weak China data, Fed rate view

Asian stocks defensive on weak China data, Fed rate view

TOKYO: Asian shares were on the defensive on Monday after new indications of a slowdown in the Chinese economy strained the nerves of markets already unsettled by the prospect of a US interest rate hike in September. Japan’s Nikkei .N225 fell 0.4 percent and South Korean shares .KS11 dropped 0.3 percent. MSCI’s broadest index of […]

August 10, 2015 | By | Reply More
Short-term rates to remain stable on BNM’s intervention

Short-term rates to remain stable on BNM’s intervention

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM39.154 billion in the conventional system and RM10.583 billion in Islamic funds. The central bank will conduct a RM6 billion conventional money market tender for […]

August 10, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today in continuing the downtrend from last week and seeing a follow-through in the selling of heavyweights by foreign funds, a dealer said. At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.09 points down at 1,663.56 after opening 10.08 points easier at 1,672.57. A dealer […]

August 10, 2015 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today in continuing the downtrend from last week and seeing a follow-through in the selling of heavyweights by foreign funds, a dealer said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.09 points down at 1,663.56 after opening 10.08 points easier at 1,672.57. A dealer said, […]

August 10, 2015 | By | Reply More
Ringgit opens lower against US Dollar

Ringgit opens lower against US Dollar

KUALA LUMPUR: The ringgit continued its slide against the US dollar in early trade today and on the lack of buying support, a dealer said. At 9.02 am, the ringgit was quoted at 3.9235/9265 against the greenback from 3.9220/9250 at 5 pm on Friday. A dealer said the weakening of commodity prices, coupled with the […]

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FTSE Bursa Malaysia update: 69 gainers, 468 losers

FTSE Bursa Malaysia update: 69 gainers, 468 losers

KUALA LUMPUR: At 9.30 a.m. today, there were 69 gainers, 468 losers and 141 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,663.78 down 18.87 points, the FBMACE was at 5,961.71 down 58.43 points, and the FBMEmas was at 11,451.66 down 124.26 points. Turnover was at 241.838 million shares valued at RM149.058 […]

August 10, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit continued its slide against the US dollar in early trade today and on the lack of buying support, a dealer said. At 9.02am, the ringgit was quoted at 3.9235/9265 against the greenback from 3.9220/9250 at 5pm on Friday. A dealer said the weakening of commodity prices, coupled with the strengthening of […]

August 10, 2015 | By | Reply More
Malaysia reserves fall below $100b as ringgit slumps

Malaysia reserves fall below $100b as ringgit slumps

The reserves, now at their lowest since September 2010, have declined $10 billion since the end of May and $20 billion this year. KUALA LUMPUR: Malaysia’s international reserves have fallen significantly below the $100 billion threshold as the central bank struggles to slow declines in Asia’s worst-performing currency in the face of a protracted political […]

August 10, 2015 | By | Reply More
Airbnb gives Paris luxury hoteliers a fright

Airbnb gives Paris luxury hoteliers a fright

Airbnb offers between 380 and 400 Paris properties at over 500 euros a night. Of those, about 40 charge over 1,000 euros ($1,090). PARIS: Nowhere in the world has more accommodation available on Airbnb than Paris. Now the home-sharing website that has transformed budget travel to the French capital is giving its super-deluxe hotels a […]

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