Two-day bitcoin plunge shakes faith in cryptocurrency boom

NEW YORK: The white-knuckle bitcoin ride took another twist as a two-day tumble in the digital currency stoked concern that the polarising cryptocurrency boom may run out of steam.

Stability remains watchword for monetary policy in 2021

BEIJING: China’s monetary authorities will maintain consistent policies and ensure financial stability in 2021, leaving space for conventional measures to fuel robust economic growth, according to analysts.

Worst Bitcoin plunge since March shakes faith in crypto boom

THE white-knuckle Bitcoin ride took another twist Monday as the worst two-day tumble in the digital currency since March stoked concern that the polarizing cryptocurrency boom may run out of steam.

The Week Ahead - IPI, jobless rate, China data, US Banks, BoK,

KEY economic data for this week will be the growth of industrial production and unemployment rate that will help investors and economists gauge the recovery of the economy.

Does the market need short-selling?

Experts say this will achieve market efficiency

Bank Negara foreign reserves rise to US$107.6bil

Gold price eases as stronger dollar, higher yields weigh

GOLD inched lower yesterday as the US dollar and Treasury yields firmed, although hopes for additional stimulus in the world’s largest economy kept bullion on course for a second straight weekly gain.

Treasury Pulse - Forex, Treasuries, Bonds, ringgit

THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.

Ringgit pares earlier losses to end higher vs US$

KUALA LUMPUR: The ringgit pared earlier losses to end higher against the US dollar today despite the better performance of the greenback.

Bank Negara foreign reserves rise to US$107.6bil as at Dec 31, 2020

KUALA LUMPUR: Bank Negara's international reserves rose US$1.9bil to US$107.6bil over the two weeks to Dec 31, 2020.