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Wooing  US fund managers with unique prospects

Wooing US fund managers with unique prospects

NEW YORK: MALAYSIA’S top decision- makers yesterday presented the unique prospects of the country’s diversified economy to Global Tier 1 fund managers, who, together, represented assets under management of more than US$1.75 trillion (RM7.7 trillion). Prime Minister Datuk Seri Najib Razak led the high-level dialogue with institutional investors at Invest Malaysia New York, organised by […]

October 2, 2015 | By | Reply More
Ringgit opens easier against US dollar

Ringgit opens easier against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today on lack of demand and ahead of the weekend. At 9am, the ringgit was traded at 4.4375/4425 against the greenback from 4.3990/4020 at 5 pm on Thursday. The ringgit also traded lower against a basket of other major currencies. It declined against the Singapore […]

October 2, 2015 | By | Reply More
Ringgit at 4.43 against US dollar

Ringgit at 4.43 against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today on lack of demand and ahead of the weekend. At 9 am, the ringgit was traded at 4.4375/4425 against the greenback from 4.3990/4020 at 5 pm on Thursday. The ringgit also traded lower against a basket of other major currencies. It declined against the […]

October 2, 2015 | By | Reply More
KL shares lower at opening

KL shares lower at opening

KUALA LUMPUR: Share prices on Bursa Malaysia were lower at today’s opening on less demand for local stocks, dealers said. At 9.35am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.5 points to 1,622.43, after opening 0.4 point better at 1,634.33. Market breadth was down, with decliners outpacing gainers 203 to 143, while 184 […]

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Pacific trade ministers vow to reach deal but extra time needed

Pacific trade ministers vow to reach deal but extra time needed

ATLANTA: Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal until Saturday in a bid to get a final agreement on the most ambitious trade pact in a generation. Officials extended talks originally scheduled to wrap up on Thursday in a determined effort to produce a breakthrough on the Trans-Pacific […]

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US pushes anti-tobacco compromise in Pacific trade deal

US pushes anti-tobacco compromise in Pacific trade deal

ATLANTA: Governments will be allowed to block tobacco companies from suing over anti-smoking measures under a US proposal being considered by Pacific trading partners as part of a free trade deal involving a dozen countries. The exemption proposed in Atlanta, Georgia, where ministers are trying to close the Trans-Pacific Partnership trade deal, would allow any […]

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Volkswagen says emission scandal investigations to take months

Volkswagen says emission scandal investigations to take months

BERLIN: Volkswagen said on Thursday it would take longer than expected to investigate its rigging of vehicle emissions tests, raising the prospect of months of uncertainty for customers, shareholders and staff. After a seven-hour meeting late on Wednesday, the German carmaker’s supervisory board said it would take “at least several months” to complete investigations, including […]

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Pacific trade ministers extend talks through Saturday

Pacific trade ministers extend talks through Saturday

ATLANTA: Pacific trade ministers will extend talks on a free trade deal between a dozen nations through Saturday in a bid to reach a final agreement, representatives from Japan and Mexico said on Thursday. Japanese Economy Minister Akira Amari said the extension showed ministers thought there was a chance of reaching a deal. Mexican Economy […]

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Asian shares, dollar sag on caution before US payrolls

Asian shares, dollar sag on caution before US payrolls

TOKYO: Asian shares and the dollar slipped in early trading on Friday, after mixed U.S. data provided little clarity on the timing of the Federal Reserve’s expected interest rate hike ahead of a key U.S. jobs report later in the session. China’s markets will be closed until Oct. 8 for the National Golden Week holidays. […]

October 2, 2015 | By | Reply More
Pacific trade pact talks move into third day, hang in the balance

Pacific trade pact talks move into third day, hang in the balance

ATLANTA: Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal into a third day in a move officials said would either produce a breakthrough or send them home with the future of the agreement in doubt. U.S. Trade Representative Michael Froman was asking ministers to stay for another 24 hours, through […]

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