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BNM forex reserves fall to US$93.3b

BNM forex reserves fall to US$93.3b

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM415.1 billion (equivalent to US$93.3 billion) as at September 30. In a statement on Wednesday, BNM said the reserves were sufficient to finance 8.6 months of retained imports and was 1.2 times the short-term external debt. The fall in reserves was mainly due to the […]

October 8, 2015 | By | Reply More
Ringgit, Bursa on a roll

Ringgit, Bursa on a roll

KUALA LUMPUR: THE ringgit yesterday posted the biggest single-day gain in 17 years while Bursa Malaysia extended its winning streak for the third day, led by a surge in oil prices and strong Malaysian export data for August. The local currency opened at 4.3440 versus the US dollar. It later jumped nearly five per cent […]

October 8, 2015 | By | Reply More
Ringgit, Bursaon a roll

Ringgit, Bursaon a roll

KUALA LUMPUR: THE ringgit yesterday posted the biggest single-day gain in 17 years while Bursa Malaysia extended its winning streak for the third day, led by a surge in oil prices and strong Malaysian export data for August. The local currency opened at 4.3440 versus the US dollar. It later jumped nearly five per cent […]

October 8, 2015 | By | Reply More
PC maker Dell in talks to buy EMC: source

PC maker Dell in talks to buy EMC: source

REUTERS: Dell Inc is in talks to buy EMC Corp and is also talking with banks to finance an all-cash offer for the data storage company, a person familiar with the matter told Reuters on condition of anonymity because the negotiations are confidential. The terms of the negotiations were not immediately known. EMC has a […]

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How the White House is selling TPP: Pretty photos, small companies

How the White House is selling TPP: Pretty photos, small companies

WASHINGTON: Crystal tumblers of Kentucky bourbon and Tennessee whiskey, on the rocks. Maine lobster and Maryland blue crabs, garnished with lemon slices. An adorable black Montana steer, staring head on into the camera. These American-as-apple-pie images from a report released on Wednesday are ones the White House wants to spring to mind when Americans think […]

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KL shares higher in early session

KL shares higher in early session

KUALA LUMPUR: Shares on Bursa Malaysia traded higher in the early session today with stronger investor optimism over the local economy following positive exports data and a stronger ringgit. At 9.34am, the key index was up 7.39 points to 1,696.64, after opening 6.58 points easier at 1,682.67. Market breadth was positive as gainers outpaced decliners […]

October 8, 2015 | By | Reply More
China stocks jump at open, catching up on global gains

China stocks jump at open, catching up on global gains

SHANGHAI: Chinese stocks opened up over 3 percent on Thursday, its first day of trade after a week-long holiday, catching up with gains posted in global markets. During Oct 1-7, when Chinese markets were closed for the National Day holiday, Hong Kong’s Hang Seng Index gained 8 percent, the Dow Jones Industrial Average rose nearly […]

October 8, 2015 | By | Reply More
Ringgit extends gains on sustained demand

Ringgit extends gains on sustained demand

RINGGIT EXTENDS GAINS ON SUSTAINED DEMAND KUALA LUMPUR, Oct 8 (Bernama) – The ringgit extended gains from yesterday to open higher against the US dollar on sustained demand and amid the weakening of the latter, a dealer said. At 9 am, the ringgit was traded at 4.2020/2100 against the US dollar from 4.2150/2250 at 5 […]

October 8, 2015 | By | Reply More
Sony proceeds with plan to sell music publishing unit: WSJ

Sony proceeds with plan to sell music publishing unit: WSJ

REUTERS: Sony Corp is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the world’s largest music publisher, the Wall Street Journal reported. Sony, which owns the unit with Michael Jackson’s estate, recently triggered a clause in its contract that allows one partner to buy out the other, the Wall Street Journal […]

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Volkswagen Korea apologises, considers recall

Volkswagen Korea apologises, considers recall

SEOUL: Volkswagen issued a public apology in South Korea on Thursday over its global pollution-cheating scam, vowing to consider a voluntary recall in the country. The statement came as the German auto giant faces an avalanche of lawsuits from local customers who are following their US counterparts in seeking damages from the company over the […]

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