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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.
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.
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.
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.
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.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.
KUALA LUMPUR: The ringgit pared earlier losses to end higher against the US dollar today despite the better performance of the greenback.
KUALA LUMPUR: Bank Negara's international reserves rose US$1.9bil to US$107.6bil over the two weeks to Dec 31, 2020.