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KUALA LUMPUR: The ringgit opened higher against the US dollar today, spurred by fresh buying interest for the local note despite the greenback being near a two-week high on relatively strong United States growth data, a dealer said.
NEW YORK: The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects.
THE news this week that Permodalan Nasional Bhd (PNB) declared its lowest ever return sent reverberations among many households in Malaysia.
SOON after Jalil Rasheed took the helm of Permodalan Nasional Bhd (PNB) two-and-a-half months ago, one of the first things he initiated was a corporate Malaysia summit.
THE global economic environment remains fraught with uncertainties.However, one thing is clear, and that is, the risk of a global recession in 2020 remains low.
PETALING JAYA: Umno leaders say the all-time low income distribution by Amanah Saham Bumiputra (ASB) shows that investors and businesses are troubled by the political instability in Malaysia.
PETALING JAYA: After a disappointing year for the local stock market, dragged down by lacklustre corporate results, MIDF Research expects earnings to improve by 5% next year compared to the 1% it estimated for this year.
NEW YORK: Wall Street stocks notched record closing highs on Monday as cooling trade tensions between Washington and Beijing and upbeat economic data from China boosted investor sentiment.
Business news in brief.
PETALING JAYA: The Employees Provident Fund (EPF) reported a total investment income of RM13.5bil in the third quarter ended Sept 30, 2019 which is a drop of 7.6% from the same quarter a year ago.