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US$ takes breather after rally; some respite for euro

SINGAPORE: The dollar traded below a five-month high against a basket of currencies on Tuesday, catching its breath after a broad rally inspired by rising U.S. bond yields and relief at an easing of U.S.-China trade tensions

The dollar's index against a basket of six major currencies last traded at 93.551, down from a five-month high of 94.058 set on Monday.

US$ holds near four-month highs, oil near multi-year top

SYDNEY: The dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats, while oil stayed at multi-year peaks over potential sanctions in Venezuela.

Japan's Nikkei was barely changed while Australian shares fell 0.7 percent with energy shares the only bright spot on the index. Liquidity remains relatively thin due to holidays in South Korea and Hong Kong.  MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent.

PDT, ISS suspended for Hengyuan after price slides

KUALA LUMPUR: The proprietary day trading (PDT) and intra-day short-selling (IDSS) for refiner Hengyuan Refining Company Bhd was suspended on Tuesday after the share price fell more than 15 sen or 15%.

US DOJ says pursuing investigations related to Malaysia's 1MDB

KUALA LUMPUR: The U.S Department of Justice said on Tuesday it would continue to pursue investigations into 1 Malaysia Development Berhad (1MDB) and looked forward to working with Malaysian law enforcement authorities, which have reopened a probe into the fund following a change of government this month.

The U.S. filed forfeiture complaints in 2016 and 2017 seeking to recover over $1.7 billion in assets traceable to funds allegedly misappropriated from 1MDB.

Japanese stocks slip from three-and-half-month highs

TOKYO: Japanese shares dropped on Tuesday morning from 3 1/2-month highs hit the previous day, with financial shares leading declines as investors booked profits on signs of an apparent peak-out in U.S. bond yields

The Nikkei dipped 0.1 percent to 22,979 while the Topix fell 0.3 percent to 1,808.30, weighed down by financial sectors.

Ousted MGM CEO explores bid for the US movie studio

Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.

MGM could be worth more than US$5bil

US, Global stocks rise on US-China trade truce

NEW YORK: Global stock markets rallied broadly on Monday after the United States and China agreed to halt a trade war, while oil hit multi-year highs on political uncertainty and potential sanctions on Venezuela.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. - Reuters

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