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KUALA LUMPUR: The ringgit continued to open higher against the US dollar today, as regional risk sentiment improves on the heels of the signing of the Regional Comprehensive Economic Partnership (RCEP) last Sunday.
THE signing of the Regional Comprehensive Economic Partnership (RCEP) shows that multilateral trading system is vital in defending the global trading order in fighting against rising protectionism in advanced economies.
LONDON: US President-elect Joe Biden has been warned not to tinker with the dollar’s standing in world markets given the parlous state of the country’s finances - but his new Treasury chief may be equally advised against talking up the currency too much.
NEW YORK: Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of a new round of lockdowns.
US election victory seen pushing more capital towards region
HONG KONG: Hong Kong's stock exchange operator posted a 52% rise in third-quarter net profit on Wednesday, lifted by higher trading revenue and listing fees.
NEW YORK: The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.
NEW YORK: The S&P 500 and the blue-chip Dow indices followed world equity indexes higher and U.S. Treasury yields surged on Monday, as progress in the development of a coronavirus vaccine sparked a surge of optimism that the global economy will stage a solid recovery as life returns to normal,
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.
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