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Travel stocks wipe out RM88.7b after Middle East war grounds flights worldwide
LONDON, March 3 — Travel shares tumbled yesterday, shedding US$22.6 billion (RM88.7 billion) as escalating conflict between the US, Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks
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Bursa rebounds strongly after yesterday’s sell-off, FBM KLCI up over 14 points at open
KUALA LUMPUR, March 3 — Bursa Malaysia rebounded to open higher today as bargain hunting emerged after yesterday’s sell-off. At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.20 points, or 0.83 per cent, to 1,714.41 from Monday’s close
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Middle East turmoil sends US dollar up, euro and yen on back foot
TOKYO, March 3 — The yen and euro were broadly lower today as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven
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Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
NEW YORK, March 3 — US stocks ended close to flat yesterday after a volatile session that saw shares drop early following weekend US and Israeli air strikes on Iran, but there were bounces throughout the day as investors bought
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Ringgit stays above RM3.90 as markets brace for more Middle East volatility
KUALA LUMPUR, March 3 — The ringgit opened marginally higher against the US dollar today, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East. At 8am, the local currency was traded at 3.9210/9340 against the
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Oil spikes 13pc after Iran attacks, analysts warn Brent could hit US$100
NEW YORK, March 3 — Oil and gas prices surged yesterday following Israeli and US strikes on Iran and retaliation by Tehran that forced shutdowns of oil and gas facilities across the region and disrupted shipping in the crucial Strait
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Safe-haven Swiss franc hits highest since 2015 as Iran conflict lifts energy prices
SINGAPORE, March 2 — The Swiss franc soared to its strongest in more than a decade versus the euro while the dollar hit a five-week high today as investors sought the safest assets after US and Israeli strikes on Iran
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BNM likely to keep OPR at 2.75pc this week amid global uncertainties, says Bank Muamalat
KUALA LUMPUR, March 2 — Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd
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Britain signs £1b military helicopter contract as defence spending ramps up
LONDON, March 2 — The British government announced Monday it had agreed a £1 billion (US$1.3 billion; RM525.30) contract with the UK arm of Italian defence company Leonardo to build a new fleet of military helicopters. The deal for 23
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Ringgit slips against US dollar in March open amid Iran strike fallout
KUALA LUMPUR, March 2 — The ringgit opened marginally lower against the US dollar on the first trading day of March as risk-off sentiment intensified following a joint United States-Israel strike on Iran over the weekend. At 8.01 am, the
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