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Nasdaq surges as investors return to tech
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.
Insight - Will Biden have a ‘strong dollar’ mantra?
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.
Insight - Can RCEP defend the global trading order?
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.
Ringgit opens higher on improved risk sentiment
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.
GLOBAL MARKETS-Stocks slip from record as investors gauge vaccine hope
NEW YORK: A gauge of global stocks edged lower from a record on Tuesday, as rising coronavirus cases raised concerns about fresh lockdown measures and tamped down recent optimism over promising vaccine trial results.
KLCI stays ahead of 1,600 as rally takes pause
KUALA LUMPUR: Profit-taking halted the rally on Bursa Malaysia as global markets tracked Wall Street lower amid rising coronavirus cases.
KLCI recovers from weak start, glove stocks rebound
KUALA LUMPUR: The FBM KLCI swung higher one day after profit-taking sent equities sharply into the red, reaffirming expectations of market consolidation.
Sime Darby Plantation posts net profit of RM190mil in 3Q
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) posted a net profit of RM190mil in the third quarter ended Sept 30, against a net loss of RM243mil in the same period last year.
Sime Darby Plantation rides on high CPO prices
KUALA LUMPUR: Sime Darby Plantation Bhd posted a net profit of RM190mil in the third quarter ended Sept 30, against a net loss of RM243mil in the same period last year.
