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Business 23 Jul 2019 | 1:08 AM Premium

Rate easing hopes prop up Asian, global stocks(Update)

TOKYO: Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Business 23 Jul 2019 | 12:54 AM Premium

Sterling on back foot due to growing concern about no-deal Brexit

TOKYO: Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy.

Business 23 Jul 2019 | 12:00 AM Premium

Asian markets down on Fed interest rate cut worry

PETALING JAYA: Equity markets appear to be bracing for a disappointment and are expecting a smaller interest rate cut by the US Federal Reserve (Fed) come the end of this month.

Business 23 Jul 2019 | 12:00 AM Premium

Sterling dives as markets ramp up bets on no-deal Brexit

LONDON: Sterling fell nearly half a percent with the outlook turning bleak as traders increased their bets on a no-deal Brexit before the result of the Conservative party’s leadership election.

Business 22 Jul 2019 | 10:40 PM Premium

Oil prices strengthen more than 1% on Iran risk

NEW YORK: Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.

Business 22 Jul 2019 | 10:27 PM Premium

Tech leads US stocks higher

NEW YORK: U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing.

Business 22 Jul 2019 | 10:05 AM Premium

KLCI closes off lows, Fed set to cut interest rates lesser than hoped

KUALA LUMPUR: Blue chips closed off Monday's low while key Asian markets ended in the red as the US Federal Reserve was set to cut interest rates lesser than expected.

Business 22 Jul 2019 | 4:52 AM Premium

KLCI slips on Fed rate cut anxieties

KUALA LUMPUR: The FBM KLCI started the week on a negative note as global equities stumbled on expectations of a lower policy rate cut by the US Federal Reserve.

Business 22 Jul 2019 | 2:13 AM Premium

Ringgit drifts lower against US$ in anticipation of US GDP data

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as investors waited on a widely expected US rate cut to give a clear lead.

Business 22 Jul 2019 | 1:26 AM Premium

Weak start for KLCI as key Asian markets slump

KUALA LUMPUR: Bursa Malaysia started Monday on a cautious note, tracking the weaker key Asian markets as investors expected a smaller interest rate cut by the US Federal Reserve.