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Trump’s aggressive, mixed signals on China whiplash Wall Street
SAN FRANCISCO: US President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of US companies that are most reliant on the world’s second largest economy. US stocks
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Asian stocks expected to rise
NEW YORK: Asian stocks are set to gain at the open Tuesday as the erratic trade narrative turned hopeful, lifting U.S. equities. The dollar strengthened while 10-year Treasury yields were little changed. Futures were higher in Tokyo and Sydney, with
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Gold prices in a 6-year high
BENGALURU: Gold prices scaled a fresh six-year high on Monday, as the latest tit-for-tat tariffs by the United States and China in their year-long trade war battered global equities and boosted demand for safe-have assets. Spot gold jumped 0.9% to
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Pondering over another Samurai bond
KUALA LUMPUR: Malaysia is studying another offer of Samurai bond from Japan, said Prime Minister Tun Dr Mahathir Mohamad. “Yes, Japan is making a very cheap loan available, now it will be even lower, so we are studying how we
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Malaysia can achieve higher growth with structural reforms
KUALA LUMPUR: Malaysia with its abundant natural resources and inherent economic strength is capable of achieving higher growth rate than now with more structural reforms, Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus said. “The global economy is
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Hong Kong stocks slump most in Asia, yuan falls to 11-year low
HONG KONG: Hong Kong stocks tumbled the most in Asia and the yuan weakened to an 11-year low amid concern over the intensifying trade war. The Hang Seng Index dropped 3% at 10:33 a.m. in Hong Kong, poised for its
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KLCI falls 1%; Asian markets slugged
KUALA LUMPUR: The FBM KLCI fell 1% at mid-morning as regional markets sank on escalating US-China trade war jitters. At 10.05am, the FBM KLCI fell 16.02 points to 1,593.31. Losers thumped gainers by 535 to 95, while 206 counters traded
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Oil prices drops 2% as trade war shakes confidence
TOKYO: Oil prices fell pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the U.S.-China war knocked confidence in the global economy. Brent crude was down 89 cents, or 1.5%, at
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Malaysian banks’ profit under pressure
Second-quarter bank earnings are projected to be lacklustre owing to slower loan growth and compressed margins following Bank Negara Malaysia’s decision to cut the overnight policy rate (OPR) in May. “Our biggest concern in the upcoming reporting season is, to
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KLCI soars higher but stays below 1,600 points
KUALA LUMPUR: The FBM KLCI ticked higher but remained below the crucial 1,600-point level at mid-morning today as local investors stayed cautious. At 10.05am, the FBM KLCI added 2.32 points to 1,596.91. Gainers led losers by 239 to 216, while
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