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KL shares lower at opening

KL shares lower at opening

KUALA LUMPUR: Bursa Malaysia opened lower today on profit-taking activities and in tandem with the downtrend among regional peers. At 9.25am, the key index was down 3.49 points to 1,659.02, after opening 3.86 points lower at 1,658.65. JF Apex Securities expects the key index to consolidate below the resistance of 1,670 points, following the mixed […]

October 7, 2015 | By | Reply More
KL shares lower at opening

KL shares lower at opening

KUALA LUMPUR: Bursa Malaysia opened lower today on profit-taking activities and in tandem with the downtrend among regional peers. At 9.25 am, the key index was down 3.49 points to 1,659.02, after opening 3.86 points lower at 1,658.65. JF Apex Securities expects the key index to consolidate below the resistance of 1,670 points, following the […]

October 7, 2015 | By | Reply More
Renewed risk-off environment promotes GBP vulnerability

Renewed risk-off environment promotes GBP vulnerability

The currency markets are continuing to look jittery, with pairs currently alternating between gains and losses. Dollar sensitivity continues to take center stage as market participants systematically reduce their bets on a US rate hike in 2015. Sentiment towards the USD remains bearish and a declining ISM Non-Manufacturing PMI release in Monday’s US session reinforced […]

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Big palm oil’s pledge to preserve forests vexes Indonesia

Big palm oil’s pledge to preserve forests vexes Indonesia

JAKARTA: The Indonesian government is asking major palm oil companies to row back on the historic “no deforestation” pledges they made at last year’s United Nations climate change summit, officials and company sources say. Major palm oil companies were invited to a series of meetings at the economics ministry last week, where officials expressed concern […]

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Fantasy sports world battles ‘insider trading’ claims

Fantasy sports world battles ‘insider trading’ claims

NEW YORK: The lucrative world of online fantasy sports gaming faced an inquiry from New York authorities Tuesday over allegations of “insider trading” critics say underscored the need to better regulate the multibillion-dollar industry. The New York Times reported late Tuesday that New York state Attorney General Eric Schneiderman had written to fantasy sports companies […]

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Asian shares firm after sharp rebound in oil, BOJ in focus

Asian shares firm after sharp rebound in oil, BOJ in focus

TOKYO: Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, led by a 0.4 percent rise in South […]

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Dollar slightly slower as IMF cuts global growth forecast

Dollar slightly slower as IMF cuts global growth forecast

October 7, 2015 WASHINGTON: The US dollar edged lower against other major currencies Tuesday as the International Monetary Fund trimmed its global economic growth forecasts and the US trade deficit widened. At 2100 GMT, the dollar dropped to $1.1271 versus the euro, $1.5230 to the pound, and to 120.21 yen as the IMF said the […]

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Samsung Electronics Q3 profit guidance beats estimates

Samsung Electronics Q3 profit guidance beats estimates

SEOUL: Samsung Electronics Co Ltd said on Wednesday its July-September operating profit likely leapt 79.8 percent from a year earlier, beating expectations and pushing the South Korean tech giant’s share price sharply higher. Samsung, in a regulatory filing, estimated its third-quarter profit at 7.3 trillion won ($6.29 billion), its first quarterly profit gain in two […]

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Oil prices extend gains on hopes of easing oversupply

Oil prices extend gains on hopes of easing oversupply

NEW YORK: Global oil prices extended gains Tuesday, hitting one-month highs on hopes for an easing of the global oversupply of crude. US benchmark West Texas Intermediate for delivery in November jumped $2.27 to $48.53 a barrel on the New York Mercantile Exchange, its highest level since late August. Brent North Sea crude for delivery […]

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5 things you might not be doing right for #MYCYBERSALE

5 things you might not be doing right for #MYCYBERSALE

If you are participating the recently concluded #MYCYBERSALE 2015 as a merchant, how did your online business perform during the 5 days campaign? For those who are not familiar with #MYCYBERSALE, read our write-ups last year. Are your parcels piling up like this merchant below, or more? Photo credit: Arief Hakim Sani If so, let’s […]

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