Top executives at Japan’s trading houses have warned that the tumbling yen will crimp efforts to expand business overseas.

Japan trading houses say weak yen hurts efforts to expand abroad

The dollar slid on Thursday after the US Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end of the central bank's rate-hike campaign was near.

Dollar tumbles as Fed says disinflation in play

ALMATY (Aug 20): Kazakhstan relinquished control of its exchange rate in the latest sign emerging nations will stop defending their currencies after China roiled global markets by devaluing the yuan.

The central Asian nation, which counts Russia and China as its top trading partners, sa...

Kazakhstan Tenge slides 23% as emerging-market rout strains pegs

SINGAPORE (Aug 12): China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.

A measure of the region’s 10 most-traded currencies excluding the yen is set to decline for a third year, its longest losing streak since 1997, amid signs the US wi...

China’s devaluation shock seen reigniting currency wars in Asia

SINGAPORE/KUALA LUMPUR/SYDNEY (July 7): Malaysia's central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power.

Thanks to Ba...

Malaysian central bank defends ailing ringgit amid political storm

SINGAPORE (July 6): Malaysia’s central bank Bank Negara Malaysia (BNM) is unlikely to tweak interest rate in a bid to arrest the further depreciation of the ringgit, according to Barclays Research.
 
The ringgit traded weaker at RM3.8083 against the US dollar at 11.58 a.m. toda...

Malaysia’s central bank unlikely to tweak interest rate to defend ringgit, says Barclays

SINGAPORE (July 4): Greece’s referendum on Sunday means a short weekend for foreign-exchange analysts and traders, some of whom will rush to their desks even before the official opening for currency trading at 5 a.m. Sydney time on Monday.

Voting is scheduled to close at 7 p.m. in Athen...

Currency traders face shortened weekend as Greek vote looms

SINGAPORE (June 11): The steep fall in the Malaysian ringgit in recent months is conjuring up frightening memories of the Asian Financial Crisis in 1997-1998. Now, here’s a worrying observation from a well-respected economist who recalls the crash: the Malaysian economy isn’t in much better shape...

Malaysian economy not much better than during Asian crisis

SINGAPORE (June 10): The yen shot up against the dollar on Wednesday, reaching a two-week high, after Bank of Japan Governor Haruhiko Kuroda said the real...

Yen soars against dollar after Kuroda remarks

SINGAPORE (June 10): The yen shot up against the dollar on Wednesday, reaching a two-week high, after Bank of Japan Governor Haruhiko Kuroda said the real effective exchange rate shows the Japanese currency is "very weak".

The dollar fell as low as 122.77 yen, its lowest since May 27, a...

JAKARTA (June 9): The cost to insure Indonesia’s sovereign bonds against default rose to a five-month high as the falling rupiah and accelerating inflation heighten outflow risk.

Five-year credit default-swaps on the country’s debt advanced 17 basis points to 175 in the two weeks throug...

Indonesia default risk jumps most in Asia on fund outflow fears

KUALA LUMPUR (May 8): Go Hub Capital Bhd (KL:GOHUB), a provider of transportation information technology (IT) solutions, said on Wednesday that it has received approval for its listing on the ACE Market of Bursa Malaysia.

Transportation IT solutions provider Go Hub Capital get Bursa Malaysia nod for ACE Market listing

The momentum behind one of the world’s biggest stock rallies in China will likely abate, according to Morgan Stanley.

Morgan Stanley sees momentum behind China indexes fading

Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the US online retailer to break into the global telecoms market.

Amazon breaks into Europe 5G networks with Telefonica cloud deal

WHEN GFM Services Bhd announced the acquisition of loss-making oil and gas (O&G) maintenance service provider Highbase Strategic Sdn Bhd in 2019 in a bid to diversify its revenue, it raised eyebrows.

GFM was then known as an integrated facilities management (IFM) company focusing on...

GFM Services sees O&G segment taking off this year

Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd founder Zhang Yiming is living in Singapore while keeping Chinese citizenship.

TikTok places ByteDance founder among China moguls in Singapore

The Philippines raised US$2 billion (RM9.5 billion) from a two-part dollar bond sale on Tuesday, its first trip to the international market this year that may usher similar offerings from the Southeast Asian nation’s corporate borrowers.

Philippines raises US$2b amid Asia dollar bond bonanza

JPMorgan Chase & Co is limiting dealings with Simon Sadler’s Segantii Capital Management Ltd., the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according to people familiar with the matter.

JPMorgan limits exposure to Segantii amid insider trading case

Sea Ltd founder Forrest Li warned of a difficult transition to artificial intelligence (AI) in coming years, but stopped short of outlining the Southeast Asian e-commerce leader’s plans for developing AI tools.

Billionaire Sea founder warns of turmoil from the shift to AI

NEW YORK/SINGAPORE (May 8): Oil prices fell in early Asian trade on Wednesday, as industry data showed a pile up in both crude and fuel inventories in the US, a sign of weak demand, and cautious supply expectations emerged ahead of an Opec+ policy meeting next month.

Oil slips on rising US stockpiles, cautious supply expectations

US President Joe Biden's bid to draw Vietnam closer as a strategic ally will clash head-on with his desire for union workers' votes on Wednesday as the Commerce Department hears testimony on whether to designate Vietnam as a "market economy".

US weighs upgrade for Vietnam to 'market economy' status

Former prime minister Tan Sri Muhyiddin Yassin has been granted a temporary release of his passport to visit a sick family member in Australia.

Sessions Court judge Azura Alwi allowed the Bersatu chief's application and ordered the travel document to be released on Wednesday and for it to be returned to the court on May 28.

Muhyiddin gets temporary release of passport to visit sick family member abroad

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

Capital A and AAX active, advance in post merger trade

Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).

First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.

Two suspects on motorcycles break Safiq Rahim's car windscreen in third attack on footballers 

China has extended the visa-free policy for short-term visits to China for Malaysia and 11 other countries until the end of 2025, Xinhua reported, citing Chinese Foreign Ministry spokesperson Lin Jian.

China extends visa-free travel policy for Malaysia until end of 2025

United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.

UOB Malaysia introduces masterclass to prepare businesses for EU’s carbon border tax

Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.

CTOS rises to near two-month high; analysts see stronger quarters ahead

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

The US has revoked licences that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said.

US revokes Intel, Qualcomm's export licences to sell to China's Huawei — Reuters

Shares in Sime Darby Plantation Bhd [KL: SIMEPLT] rose to their highest in two years following its announcement to develop the Tali Ayer estate in Perak into a green industrial park.

Sime Darby Plantation shares surge to a two-year high following proposed solar project in Perak

The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.

Saudi Arabia AI fund would divest from China if US asked, CEO says

As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.

Aspiring to high-income status: Education matters

Hospital operator IHH Healthcare Bhd (KL: IHH) on Wednesday said it has invested in Belun Technology Company Ltd that makes devices tackling sleep apnea and other sleep disorders.

IHH Healthcare invests in Belun Technology for devices to tackle sleep disorders

KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.

Petronas Dagangan faces twin share de-rating threats — CGS

The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve (Fed) will cut interest rates this year.

S&P, Dow end slightly up, extend closing streaks despite Disney drag

Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.

Wall Street loses steam, dollar gains as investors mull rate cut timing

Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.

Australia raises minimum savings for student visa, warns on fake recruitment

IJM Land Bhd has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7.&nbsp;

IJM Land’s Daffodil Residency achieves 55% take-up rate 

KUALA LUMPUR (May 8): Shares of Bursa Malaysia Bhd (KL:BURSA) extended their gain on Wednesday, after MIDF said it foresees a good prospect for trading activities on Bursa Malaysia Securities Bhd&nbsp;this year, as Malaysian stocks hit a historical high of RM2 trillion in market capitalisation on Tuesday (May 7).

Bursa Malaysia shares rise as MIDF sees better prospects on local trading

Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd founder Zhang Yiming is living in Singapore while keeping Chinese citizenship.

Currency Turmoil

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Currency Turmoil

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