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Short-term to remain stable

Short-term to remain stable

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system. BNM estimated today’s liquidity at RM35.80 billion in the conventional system and RM8.92 billion in Islamic funds. The central bank will conduct a RM6 billion conventional money market tender for […]

August 14, 2015 | By | Reply More
Ringgit continues decline against USD

Ringgit continues decline against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar Friday as foreign banks continued to offload the local note, a currency trader said. At 9.20 am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at 5pm yesterday. “After taking a breather with a mild rebound against the US dollar yesterday, ringgit […]

August 14, 2015 | By | Reply More
KLCI Futures lower in early trade

KLCI Futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contracts (FKLI) on Bursa Malaysia Derivatives opened lower today on a lack of buying interest. At 9.35am, spot month August 2015 declined 1.5 points to 1,617, September 2015 fell three points to 1,603.5 and September 2015 eased four points to 1,586.5. Turnover was at 1,394 lots, with […]

August 14, 2015 | By | Reply More
Bursa Malaysia opens slightly higher

Bursa Malaysia opens slightly higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street’s overnight performance, said a dealer. At 9.10am, the index was 3.44 points better at 1,625.06, after opening 2.29 points higher at 1,623.91. Gainers led losers 140 to 94, with 148 counters unchanged, 1,418 untraded and […]

August 14, 2015 | By | Reply More
As yuan falls, China’s rich seek safe havens offshore

As yuan falls, China’s rich seek safe havens offshore

Analysts at JPMorgan estimate around $235 billion of “hot money” left the country between the third quarter of 2014 and the end of the second quarter this year. SHANGHAI: For many in the ranks of China’s wealthy, the shock devaluation in the yuan is a cause of regret – that they hadn’t moved more money […]

August 14, 2015 | By | Reply More
IMF presses Europe to provide debt relief for Greece

IMF presses Europe to provide debt relief for Greece

August 14, 2015 WASHINGTON: The International Monetary Fund on Thursday pressed Europe to come forward with debt relief for Greece, saying it would only make a decision on providing further financing for Athens after steps are taken to make its debt burden more sustainable. “We look forward to working with the authorities to develop their […]

August 14, 2015 | By | Reply More
Apple says hired 65 percent more women in the past year

Apple says hired 65 percent more women in the past year

August 14, 2015 Apple Inc said it had hired over 11,000 women globally in the past year – 65 percent more than the previous year – to boost employee diversity. “In the first 6 months of this year, nearly 50 percent of the people we’ve hired in the United States are women, Black, Hispanic, or […]

August 14, 2015 | By | Reply More
Goldman Sachs to buy GE Capital’s US online deposits

Goldman Sachs to buy GE Capital’s US online deposits

Goldman Sachs Group Inc is buying GE Capital Bank’s US online deposits, a move that will give the largest US investment bank a more stable source of funding to help it better weather future crises. The deal is relatively small, giv1ing Goldman Sachs $16 billion of deposits to help fund its $860 billion of assets. […]

August 14, 2015 | By | Reply More
Google has until August 31 to reply to EU antitrust charges

Google has until August 31 to reply to EU antitrust charges

August 14, 2015 BRUSSELS: Google Inc, the world’s most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission has extended the deadline for replying to the charges to […]

August 13, 2015 | By | Reply More
Candy Crush creator King Digital forecasts lower bookings

Candy Crush creator King Digital forecasts lower bookings

King Digital Entertainment Plc said second-quarter gross bookings fell 13 percent and forecast a further drop in the current quarter as its flagship Candy Crush Saga matures and game launches are delayed. King Digital’s shares slipped 9 percent in extended trading after the company also reported an 18 percent drop in quarterly revenue, citing fewer […]

August 13, 2015 | By | Reply More