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KUALA LUMPUR: The ringgit slipped lower against the US dollar as investors remain uncertain over the reinstatement of the Movement Control Order (MCO 2.0) and state of emergency.
KUALA LUMPUR: OCBC Bank Research expects Bank Negara Malaysia to likely reduce the Overnight Policy Rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook.
NEW YORK: The US dollar rebound is picking up pace, with signs that speculative traders are busy covering short positions after US Treasury yields surged.
NEW DELHI: India’s key money-market rates and yields on short-term debt rose after the central bank took its first small step toward unwinding emergency pandemic measures.
SAUDI Arabia’s decision last week to deliver a surprise cut of one million barrels a day in its crude production shocked the oil market.In abandoning a policy of collective responsibility and letting other members of the Opec+ grouping increase output while reducing its own, the kingdom took the entire burden of balancing supply and demand on its shoulders.
KUALA LUMPUR: Shares of Bintai Kinden Corp Bhd rose almost 6% in early trade Monday following its appointment as the exclusive distributor for Greenie Medi Cold Chain Box.
DESPITE zero experience in the food and beverage industry (F&B), Sasha Kamila took the plunge and opened Butterbee Cafe just two weeks before Malaysia was engulfed by the Covid-19 pandemic.
IT has been more than a month since the widely anticipated Singles’ Day passed, but its success - evident in its phenomenal growth year-on-year - demonstrates the undeniably rapid acceleration of technology adoption worldwide, with the hero being the technology that underpins e-commerce platforms: cloud computing.
HOUSTON: A decision by the Organisation of the Petroleum Exporting Countries (Opec) and allied countries to cut crude production through March delivered a late Christmas present for United States shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer.
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.