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Deal or no deal, the damage has already been done for the pound

LONDON: Whether Theresa May gets her Brexit agreement or not, the pound’s troubles look far from over.

Ringgit slides post-rally as profit-taking persists

KUALA LUMPUR: The ringgit was marginally lower against the US dollar early Friday on lack of demand for the local note, dealers said.

The ringgit was higher against a basket of currencies except the euro.

AirAsia X aims to improve on cost efficiencies

KUALA LUMPUR: AirAsia X Bhd expects operational cost per available seat-kilometre (CASK) excluding fuel to be lower in the coming quarters due to cost-saving initiatives.

Slight profit-taking stalls FBM KLCI's advance

KUALA LUMPUR: Mild profit-taking was seen on Bursa Malaysia on Thursday morning, on the heels of the FBM KLCI's 20-point advance in the previous session.

Ringgit slips on profit-taking after hitting six-month high

KUALA LUMPUR: The ringgit opened marginally lower versus the US dollar this morning on profit-taking after it closed at the highest level in more than six months, which was last seen on Aug 1, 2018 yesterday.

AmInvest Research downgrades Public Bank to Hold from Buy

KUALA LUMPUR: AmInvestment Bank Research is downgrading its call on Public Bank to Hold from Buy with a lower fair value of RM25.60 a share from RM26 a share.

Axiata to take hit for future punch

PETALING JAYA: Over a RM1bil additional write-off can be expected to be added to Axiata Group Bhd’s 2018 full-year financial results, which is likely to see the regional company making a total technical impairment of about RM5bil.

Axiata is expected to report a lower set of financial results this Friday, as it has also been hit by forex translation losses and write-offs, said an industry exective.

IOI Corp Q2 earnings down 68% on forex loss, lower operating profit

KUALA LUMPUR: IOI Corporation Bhd's net profit fell 68% in the second quarter ended Dec 31, 2018 due to lower operating profit and net foreign currency translation loss on foreign currency denominated borrowings and deposits .

The US not China the real currency manipulator

US President Donald Trump should take a look in the mirror. China isn’t the currency manipulator.

US President Donald Trump should take a look in the mirror. China isn’t the currency manipulator.

KLCI rallies on growing sentiment, PChem lifts

KUALA LUMPUR: The FBM KLCI broke out of its sideways trading channel on Wednesday and hit a 3.5-month high as investors turned more positive over the ongoing US-China trade talks.