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SYDNEY: Stocks are expected to stay buoyant on Monday while the dollar is seen likely to extend its downward trend as Democrat Joe Biden won the U.S. presidential election in a move that analysts say would prop up risk assets.
KUCHING: Jaya Tiasa Holdings Bhd’s priority is to sell logs before processing them in view of the weak demand for timber products.
NEW YORK: An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday's elections.
NEW YORK/LONDON: Global stock markets edged higher and the dollar sank to a two-month low on Friday as investors awaited final vote processing in the U.S. presidential election that more and more showed Joe Biden on the verge of winning the White House
THE dollar fell 1.61% to 92.53 – the lowest in a week – due to ongoing uncertainties over the election outcome.
PETALING JAYA: Under Budget 2021, measures were announced to stop the tobacco black market and disrupt the supply of illegal cigarettes which have resulted in billions in lost tax revenue.
AXIATA Group Bhd, the blue-chip regional telecommunications giant, has seen its market capitalisation shrink from RM40bil last year to RM29.34bil currently.
KUALA LUMPUR: Stocks on Bursa Malaysia continued to ramp up in the hours ahead of Budget 2021 on hope of new measures to help bolster the economy.
SYDNEY: Australia says it is closely monitoring trade flows to China amid "deeply troubling" reports from industry that Chinese buyers have been told not to purchase seven categories of Australian produce from Friday.