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Nov 23: Ringgit opens higher against US dollar

Nov 23: Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today with the surging bond and equity inflows acting as the primary catalysts which accelerated the demand for the local note, a dealer said. At 9 am, the local unit was traded 130 basis points higher at 4.0970/1000 against the greenback from Wednesday’s close of […]

November 23, 2017 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today with the surging bond and equity inflows acting as the primary catalysts which accelerated the demand for the local note, a dealer said. At 9 am, the local unit was traded 130 basis points higher at 4.0970/1000 against the greenback from Wednesday’s close of […]

November 23, 2017 | By | Reply More
Nov 23: Bursa Malaysia opens flat, trades sideways thereafter

Nov 23: Bursa Malaysia opens flat, trades sideways thereafter

KUALA LUMPUR: Bursa Malaysia opened almost flat today and traded sideways thereafter on lack of fresh leads, dealers said. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.89 of-a-point firmer at 1,724.43 from Wednesday’s close of 1,723.54. The index opened 0.12 of-a-point easier at 1,723.42. A dealer said the market was […]

November 23, 2017 | By | Reply More
TM likely to bid for 700MHz spectrum: PublicInvest

TM likely to bid for 700MHz spectrum: PublicInvest

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is likely to participate in the tender of the 700 megahertz (MHz) spectrum, said PublicInvest Research in its report today. PublicInvest said assuming TM secures a two-block of 2x5MHz, it would have to fork out some RM1 billion for the new spectrum. It said since the spectrum is only […]

November 23, 2017 | By | Reply More
Dollar dumped, bonds boosted on Fed inflation caution

Dollar dumped, bonds boosted on Fed inflation caution

SYDNEY: Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten US policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15% to scale a fresh 10-year peak. Activity was light with Japanese markets closed for a holiday […]

November 23, 2017 | By | Reply More
Gold jumps as dollar sinks on weak US data, Fed minutes

Gold jumps as dollar sinks on weak US data, Fed minutes

NEW YORK/LONDON: Gold prices rose on Wednesday as the dollar fell on technical factors and weak US economic data, and gold jumped more after the US Federal Reserve released minutes of its latest meeting, hinting at an interest rate increase in the near future. Gold’s gains accelerated after the Fed minutes, as the dollar fell […]

November 22, 2017 | By | Reply More
Iran pushes to retain Asia oil buyers as possible US sanctions loom

Iran pushes to retain Asia oil buyers as possible US sanctions loom

SINGAPORE: Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as the potential threat of further US sanctions on the country looms. The National Iranian Oil Company has in the last few weeks offered spot […]

November 22, 2017 | By | Reply More
Deutsche Bank strategist tells investors to avoid bitcoin

Deutsche Bank strategist tells investors to avoid bitcoin

FRANKFURT: Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment. “I would simply not recommend this to the everyday investor,” Ulrich Stephan, chief strategist at Germany’s largest lender, said on Wednesday. Stephan said that fluctuations are too great and regulation too scant. He noted that German investors […]

November 22, 2017 | By | Reply More
UK’s 15-billion-pound RBS sale to boost government coffers

UK’s 15-billion-pound RBS sale to boost government coffers

LONDON: Britain will reprivatise bailed-out lender Royal Bank of Scotland by selling 15 billion pounds (US$20 billion) of shares, according to budget documents released on Wednesday, in a boost to finance minister Philip Hammond’s coffers. The government will begin the delayed share sale by selling 3 billion pounds of shares in RBS before the end […]

November 22, 2017 | By | Reply More
Broadcom considering sweetened Qualcomm bid, say sources

Broadcom considering sweetened Qualcomm bid, say sources

SAN FRANCISCO: Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. While the timing of the new offer is uncertain, Broadcom’s bid preparations indicate that it is planning to […]

November 22, 2017 | By | Reply More