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THE US Federal Reserve (Fed) has signalled it would tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.
KUALA LUMPUR: Malaysia’s leading index (LI) rose at a faster pace in February, hinting at improved sentiment and an upbeat near-term economic prospect.
SINGAPORE: DBS Group on Friday trumped market forecasts with a 72% jump in first-quarter earnings as business forged ahead on all fronts with faster loan growth and record fee income.
THE dollar weakened by 0.27% to 90.61, marking the fourth consecutive week of decline.
The financially-challenged have struggled to put a roof over their heads, but hopefully, that can be changed
THIS week, the government has launched the National oil and gas services and equipment (OGSE) Industry Blueprint 2021-2030 to help revive the industry.
KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst.
WASHINGTON: The Federal Reserve on Wednesday took a rosier view of the U.S. economic recovery and the nation's war against the coronavirus, but said it was too early to consider rolling back its emergency support with so many workers still left jobless by the pandemic.