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

JAKARTA (June 4): Indonesia's central bank said on Thursday that it stood ready to intervene in the foreign exchange and bond markets to ensure stability, as the rupiah neared a 17-year low against the dollar.

Global risk from a possible U.S. interest rate hike combined with Indonesia's...

Indonesia central bank says ‘always’ ready to calm FX market as rupiah nears 17-year low

RIYADH (April 29): US Secretary of State Antony Blinken arrived in Saudi Arabia on Monday, the first stop in a broader trip to the Middle East to discuss issues including the governance of Gaza once the war with Israel ends.

Blinken arrives in Saudi Arabia to discuss Israel normalisation, post-war Gaza

General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

LPI Capital's 1Q net profit surges 37% on lower reinsurance expenses, higher investment income

BEIJING (April 29): Copper prices moved higher on Monday, driven by dwindling raw material supply and investors' focus on a potential BHP Group-Anglo American deal that would make the world's largest copper miner.

Copper trends higher on tight supply; BHP-Anglo American deal in focus

So, what can be wrong with the unity government?

It has a two-thirds majority, it is made up of four coalitions of parties, none of whom would be in positions of power if they did not work together, and it is headed by a man who had been trying to become prime minister ever since any Ma...

Picking On The Present: Guidelines for reform and unity: Technocracy, regionality and solidarity

US-based B Capital may set up an office locally, enabling it to become a direct investor in companies based in Malaysia, according to its co-founder and co-CEO Raj Ganguly.

B Capital is an investment firm based in Manhattan Beach, California, led by Eduardo Saverin, co-founder of US tec...

Feature: US-based B Capital to set up office in Malaysia

OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.

OpenSys expects revenue boost from machine replacements

OSLO (April 29): Norway's US$1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager's updated voting intentions showed on Monday.

Norway sovereign wealth fund backs HSBC bonus policy reform

The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.

Frankly Speaking: Best chance for Cap A and AAX

The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.

Japan's yen jumps against the dollar on suspected intervention 

Asian emerging market currencies were subdued on Monday after inflation data in the US further dimmed the prospects of interest rate cuts soon, with all eyes on the Federal Reserve's (Fed) policy meeting later in the week.

Asian currencies subdued, equities gain ahead of Fed decision

QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, Nanyang Siang Pau reported, citing information from Google Maps.

Boycott causes over 100 KFC outlets to suspend ops, report says

Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.

Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

Shares of YNH Property Bhd surged to their highest in three weeks as investors breathed a sigh of relief after the real estate developer said it has remedied the technical default of its sukuk programme.

YNH Property hits three-week high after default remedy

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

US ramps up help as countries plan response to China’s bullying

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.

China firms go 'underground' on Russia payments as banks pull back

Three people, including a two-year-old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a collision with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.

China crash involving Huawei-backed Aito electric vehicle kills three

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Turiya rallies to over three-year high with entry of Mohan Swami, partner

The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.

Weaker yen keeps Japanese tourists at home while visitors throng

Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

Shares of Singapore Telecommunications (Singtel) fell as much as 3.3% on Monday to a more than one-week low after it forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for the second half of 2024.

Singtel falls up to 3% after US$2.3b impairment 

Asian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of ¥160 for the first time in decades.

Asian shares rise as US Fed looms large; yen crumbles below key level

L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.

Billionaire Geiger said to near US$7b L’Occitane buyout

US export controls on sending advanced computing chips to China are not meant to hold back China’s economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio.

Currency Turmoil

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Currency Turmoil

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