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Corporate News

Gold advances as investors weigh Powell as next Fed chief

SINGAPORE: Gold rose as investors contemplated the prospect of Jerome Powell taking the top job at the Federal Reserve, weighing the outlook for interest rates and the US dollar under the leadership of a policymaker who’s been supportive of current chair Janet Yellen’s strategy of gradual tightening.

Community

3,000 illegal telcom towers in Perak; Ipoh and Manjung lead

There are an estimated 3,000 illegal telecommunication towers in the state, and they represent a loss in revenue amounting to millions.

Forex

Ringgit volatility rises before U.S. CPI report

KUALA LUMPUR: A gauge of anticipated ringgit volatility rises for a second day before a U.S. inflation report on Friday that may provide guidance about when the Fed will resume raising interest rates.

Business

Global Forex Market

THE US dollar continued to rally ahead of Friday’s US jobs report as all eyes are on wages instead of payrolls for Fed’s rate hike path growth.

Business

Dollar up, stocks stall as Trump's comments offset data

NEW YORK: The dollar rebounded from its weakest level against six major rivals since mid-November on Thursday, while world equity markets were mixed as investor concerns about the Trump administration's aggressive posture offset strong data on the world economy.

Nation

Hindu temples to benefit from telco MoU signing

KUALA LUMPUR: Hindu temples in the country will have a stronger financial footing as telecommunication towers will be built within its vicinity.

World

Leader of Fiji opposition party arrested - media reports

MELBOURNE (Reuters) - Authorities in Fiji on Saturday detained the leaders of two opposition parties and a senior trade union official after they took part in an event critical of the Pacific island nation's constitution, an opposition party official said.

Business

Asian markets dip in early trade Monday, US$ at 7-month high

TOKYO: Asian stocks slipped and the dollar stood at a 7-month high against its peers early on Monday after robust U.S. jobs data bolstered expectations of a Federal Reserve interest rate hike in December.

Business

Asia stocks rise as weak US jobs dampen prospects of near-term Fed hike

TOKYO: Asian stocks rose early on Monday after the prospect of an imminent interest rate hike by the Federal Reserve faded after Friday's weaker-than-expected U.S. employment data.

Corporate News

Asia FX turns higher after dismal China trade data

SINGAPORE: Most emerging Asian currencies firmed on Friday as China's disappointing trade data raised hopes that Beijing will deliver more stimulus, while regional units headed for weekly losses amid mounting caution growing ahead of a key U.S. jobs data.