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Business 02 Oct 2013 | 1:06 PM

Dollar off 8-mth low after manufacturing boost, budget row weighs

TOKYO: Robust U.S. manufacturing data kept the dollar off eight-month lows against a basket of currencies, despite concerns over how long the partial U.S. government shutdown might last while lawmakers search for a compromise deal on the budget.

Business 02 Oct 2013 | 12:00 AM

Minimal impact on M'sia from US govt shutdown

PETALING JAYA: Malaysia’s economy and the local stock market are not expected to suffer any significant impact from the partial shutdown of the US government, so long as it is not long drawn.

Economy 02 Oct 2013 | 1:57 PM

Asian markets cautiously up on hopes of short shutdown

The US dollar treaded water and most Asian stock markets edged up on Wednesday as investors appeared hopeful the first partial US government shutdown in 17 years would be short-lived and not have a broader impact on the economy.

Business 04 Oct 2013 | 7:02 AM

U.S. shutdown drags on US$, stocks put up a fight

LONDON: The dollar hovered at an eight-month low on Thursday as the U.S. government shutdown dragged on, though stocks drew comfort from the view that major central banks may now have to keep monetary policy super-loose for longer.

Business 12 Oct 2013 | 12:34 PM

Malaysian ringgit likely to trade higher against US$ next week

KUALA LUMPUR: The ringgit is likely to trade higher against the US dollar next week on strong buying interest in the local unit, dealers said.

Business 04 Oct 2013 | 6:46 AM

Wall Street lower as shutdown continues for 3rd day

NEW YORK: U.S. stocks dropped on Thursday as investors worried that a budget stalemate in Congress would become entangled with much more critical legislation to raise the federal borrowing limit.

Business 12 Oct 2013 | 12:21 PM

Bursa to trade higher next week

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade higher next week, while pushing the resistance level of 1,800, in riding a possible breakthrough in the US debt-ceiling crisis and pre-UMNO election rally.

Commodities 03 Oct 2013 | 4:56 PM

Oil slips towards US$109 on US shutdown

Crude oil slipped to around US$109 a barrel on Thursday on worries that a prolonged US government shutdown would hurt demand in the world's biggest oil consumer.

Economy 17 Oct 2013 | 5:38 PM

Chinese agency downgrades US credit rating

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington's resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".

Business 04 Oct 2013 | 9:59 AM

Dollar languishes near 8-mth low, US debt limit looms

TOKYO: The dollar languished near an eight-month low on Friday as the U.S. budget standoff dragged on, heightening fears it could become embroiled in the likely struggle later this month to raise the U.S. borrowing limit.