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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 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.
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 news this week that Permodalan Nasional Bhd (PNB) declared its lowest ever return sent reverberations among many households in Malaysia.
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.
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.