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LONDON: Asia's trade-exposed currencies held firm on Monday as data showed China's economic rebound from the pandemic accelerated in the third quarter, with the yuan staying close to its recent 1-1/2-year high.
KUALA LUMPUR: Foreign selling of local equities on Bursa Malaysia from Monday to Thursday remained modest at RM86.0 million net compared with RM27.8 million for the whole of the preceding week.
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
KUALA LUMPUR: Mah Sing Group’s proposed venture into glove making and related healthcare saw the share price surging in early Friday trade and helping to lift investors’ mood.
Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.
WASHINGTON: President Donald Trump on Thursday said he is willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in the U.S. Congress, but the idea was shot down by his fellow Republican, Senate Majority Leader Mitch McConnell.
WASHINGTON: A former fundraiser for U.S. President Donald Trump is expected to plead guilty next week to charges of illegally lobbying Trump to drop an investigation into a massive Malaysian embezzlement scandal, according to court documents filed Thursday.
NEW YORK: Oil prices eased on Thursday as new restrictions to stem a surge in COVID-19 infections dimmed the outlook for economic growth and fuel demand.
NEW YORK/LONDON: Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.