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Ringgit retraces earlier gains against US dollar

KUALA LUMPUR: The ringgit failed to hold on to gains from yesterday to open lower this morning against the US dollar as investors shifted back towards riskier assets, dealers said.

Big investors sue 16 banks in US over currency market rigging

NEW YORK: A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly US$5.1 trillion-a-day foreign exchange market.

A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly US$5.1 trillion-a-day foreign exchange market.

Ringgit dips on return of USD demand

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, as the stronger greenback curbed demand for the local unit amid a downtrend in oil prices, dealers said.

Treasury Pulse

THE dollar depreciated by 0.31% to 96.7 largely after improving risk appetite in the global markets added with weaker-than-expected October ISM Manufacturing PMI, which came in at 57.7 points (previous: 59.8 points; cons: 59 points), signalling a slowing momentum in the US economy.

Ringgit pulls slightly higher ahead of Budget 2019

KUALA LUMPUR: The ringgit opened slightly higher against the greenback today, as traders remained optimistic, ahead of the 2019 Budget announcement scheduled for this afternoon, dealers said.

Unisem 9M results below CIMB Research forecast

KUALA LUMPUR: Semiconductor company Unisem’s 9M18 results were below expectation at 67% of CIMB Equities Research’s FY18 forecast due to weaker-than-expected sales in 3Q18, but in line with consensus at 73%.

nisem received a pre-conditional voluntary take-over offer of RM3.30 a share in September 2018, a joint offer from China-based TSHT, TH Group and existing major shareholders.

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