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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit reversed yesterday’s gains to open lower in the early session against the US dollar today as the Federal Reserve (Fed) hinted of an imminent interest rate hike, a dealer said. At 9am, the ringgit was quoted at 4.2550/2620 against the greenback from 4.2300/2350 on Wednesday. The hawkish comments of a nearing […]

December 3, 2015 | By | Reply More
Insurance, Takaful sector will remain stable in 2016: Fitch

Insurance, Takaful sector will remain stable in 2016: Fitch

KUALA LUMPUR: The insurance and takaful sector in Malaysia will remain stable in 2016, underpinned by the industry’s solid capitalisation, says Fitch Ratings. M&A (mergers and acquisition) activities are likely to pick up following a quiet 2015. The rating agency said solid capitalisation in Malaysia will also support the sector’s premium growth and potential underwriting […]

December 3, 2015 | By | Reply More
KLCI futures lower in early trade

KLCI futures lower in early trade

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives opened lower today in line with the underlying cash market. At 9.32 am, spot month December 2015 fell 9.0 points to 1,660.5, January 2016 declined 11.5 points to 1,651.5, March 2016 shed 17 points to 1,628 and June 2016 […]

December 3, 2015 | By | Reply More
Malaysia Airlines, Emirates announce code-sharing deal

Malaysia Airlines, Emirates announce code-sharing deal

KUALA LUMPUR: Malaysia Airlines and Dubai-based Emirates on Thursday (Dec 3) announced a code-sharing deal that will cover more than 90 locations in the US, Europe, the Middle East and Africa.  The Beleaguered Malaysian flag-carrier will sever 10 existing code share agreements and drop its own flights to Paris and Amsterdam in 2016.   The […]

December 3, 2015 | By | Reply More
Ringgit opens lower against US Dollar

Ringgit opens lower against US Dollar

KUALA LUMPUR: The ringgit reversed yesterday’s gains to open lower in the early session against the US dollar today as the Federal Reserve (Fed)hinted of an imminent interest rate hike, a dealer said. At 9.00 am, the ringgit was quoted at 4.2550/2620 against the greenback from 4.2300/2350 on Wednesday. The hawkish comments of a nearing […]

December 3, 2015 | By | Reply More
Asia stocks slip, dollar supported after Yellen's rate hike comments

Asia stocks slip, dollar supported after Yellen's rate hike comments

TOKYO: Asian stocks slipped and the dollar advanced on Thursday after hawkish-sounding comments from Federal Reserve Chair Janet Yellen further reinforced the case for an interest rate hike later this month. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, taking an early lead from Wall Street. The Dow shed 0.9 percent and […]

December 3, 2015 | By | Reply More
Yellen sees US economy ready for rate hike

Yellen sees US economy ready for rate hike

WASHINGTON: Federal Reserve Chair Janet Yellen said on Wednesday (Dec 2) that she expects the US economy will continue to grow strongly enough to support the first interest rate increase in nine years. Yellen made no comment on whether the Fed will raise its benchmark federal funds rate at its next meeting in two weeks. But in a […]

December 2, 2015 | By | Reply More
US stocks fall as oil equities tumble

US stocks fall as oil equities tumble

NEW YORK: Petroleum-linked equities tumbled on Wednesday (Dec 2) on plummeting oil prices, pushing US stocks sharply lower. Oil producers and oil-services companies suffered deep losses as US prices dived 4.6 per cent to close below US$40 a barrel for the first time since late August following a report showing higher US oil inventories. Dow members Chevron and ExxonMobil […]

December 2, 2015 | By | Reply More
Dollar firms as Yellen signals path to rate hike

Dollar firms as Yellen signals path to rate hike

NEW YORK: The US dollar firmed on Wednesday (Dec 2), bolstered by Federal Reserve Chair Janet Yellen’s signal that the US economy looks strong enough for an interest rate hike this month. The euro, meanwhile, was under pressure as traders expect the European Central Bank to announce additional stimulus to fight low inflation and tepid growth in […]

December 2, 2015 | By | Reply More
Exclusive: Top investors question whether Viacom's Redstone should step down

Exclusive: Top investors question whether Viacom's Redstone should step down

NEW YORK: Two of the largest shareholders in Viacom Inc have made the highly unusual move of publicly questioning Sumner Redstone’s mental fitness to remain executive chairman of the multi-billion dollar media company. Mario Gabelli, whose funds hold the second-largest voting stake in Viacom after Redstone himself, and Salvatore Muoio, whose firm is the seventh-biggest […]

December 2, 2015 | By | Reply More