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Ringgit extends slide on US Fed hike and oil prices

KUALA LUMPUR: The ringgit continued its downtrend against the US dollar in the early session today as expectations of an interest rate hike by the US Federal Reserve (Fed) next month hampered demand for the local note.

PublicInvest maintains forecasts on IOI on the back of weaker earnings

KUALA LUMPUR: PublicInvest research maintained its earnings forecasts on IOI Corp Bhd on the back of the announcement that the planter's core net profit of RM174.9mil was 36.5% weaker year-on-year due to softer earnings contribution from both plantation and resource-based segments.

Ringgit slides on US Fed's tightening plans

KUALA LUMPUR: The ringgit was lower against the US dollar in the early session today on weaker demand, as traders expect the US Federal Reserve (Fed) to keep tightening monetary policy.

E&O H1 core earnings within forecast, says CIMB Research

KUALA LUMPUR: Eastern & Oriental’s (E&O) 1HFY3/19 core earnings (excluding revaluation gains and forex losses) came in within expectations, at 30% of CIMB Equities Research and 29% of Bloomberg consensus full-year estimates.

Global Forex Market

THE dollar appreciated by 0.46% to 96.7 by the end of the week after the Fed maintained a hawkish stance during the FOMC meeting.