• Filter by

KLCI, oil prices slump on rising prospect of trade war

KUALA LUMPUR: Global equities slumped on Wednesday following the resignation of White House economic advisor Gary Cohn, and fanning fears that US steel and aluminium tariffs will proceed as planned.

Ringgit rises on positive regional sentiment

KUALA LUMPUR: The ringgit opened higher against the US dollar today on positive regional sentiment and on the back of surprising news that North Korea is open to denuclearisation, said a dealer.

Cool that Hong Kong peg talk

HONG KONG: Rumours of the Hong Kong dollar peg’s impending demise have always been vastly exaggerated. This time is no different.

Ringgit supported by renewed interest, rising oil prices

KUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying interest in the local note, as news on proposed US tariffs on aluminium and steel continued to linger over the market, said a dealer.

Kenanga maintains outperform on PIE Industrial

KUALA LUMPUR: Kenanga Research maintained outperform on PIE Industrial Bhd with an unchanged target price of RM2.10, underpinned by better earnings visibility in 2018.

Ringgit firms up amid spectre of trade war

KUALA LUMPUR: The ringgit opened higher against the US dollar today on a weakening of the greenback, amid concerns of a global trade war, dealers said.

US dollar outlook darkens as trade war looms

NEW YORK: The U.S. dollar could face headwinds if President Donald Trump's proposals to impose stiff tariffs on steel and aluminum imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning U.S. deficits.

The biggest risk for the dollar stems from the possible exodus of capital flows, analysts said.

Ringgit rises on renewed concerns over US$

KUALA LUMPUR: The ringgit rebounded from Thursday'ss losses to be higher against the US dollar early Friday, as investors reacted on renewed concerns over the greenback's outlook, dealers said.

A dealer said that the US dollar retreated from its six-week high following US President Donald Trump's decision to impose tariffs on steel and aluminium.