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Forex 18 Nov 2016 | 2:49 AM Premium

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today weighed down by regional sentiment as US Federal Reserve (Fed) Chair Janet Yellen signalled an increase in interest rates would come ‘relatively soon’, dealers said.

Corporate News 18 Nov 2016 | 2:33 AM Premium

Wall street stocks lifted by data, earnings Yellen remarks

NEW YORK: The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Economy 18 Nov 2016 | 2:23 AM Premium

Yellen says Fed could raise interest rates 'relatively soon'

WASHINGTON: The election of Donald Trump as US president has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon," Fed chair Janet Yellen said on Thursday in Congressional testimony that included a pledge to serve out her term.

Business 18 Nov 2016 | 12:00 AM Premium

BlackRock, Fidelity, Pimco issue inflation warnings

They are recommending TIPS ahead of auction

Business 18 Nov 2016 | 12:00 AM Premium

Yuan watchers lower forecasts

Analysts say the currency will weaken to seven against the greenback next year

Business 18 Nov 2016 | 12:00 AM Premium

Prince Alwaleed sees Saudi currency depeg as last resort

NEW YORK: Saudi billionaire Prince Alwaleed Bin Talal raised the possibility that the kingdom may depeg its currency as the country undergoes unprecedented social, political and financial change.

Business 18 Nov 2016 | 12:00 AM Premium

Ringgit continues slide

Currency tumbles against US dollar, hits new one-year low against baht, Singapore dollar

Business 17 Nov 2016 | 3:08 PM Premium

Wall St edges up; Yellen’s testimony awaited

NEW YORK: US stocks edged up at the open on Thursday after Federal Reserve chair Janet Yellen said the central bank could raise interest rates “relatively soon”.

Economy 17 Nov 2016 | 2:03 PM Premium

Yellen says Fed could raise interest rates ‘relatively soon’

WASHINGTON: The Federal Reserve could raise US interest rates “relatively soon” if economic data keeps pointing to an improving labor market and rising inflation, Fed chair Janet Yellen said on Thursday in a clear hint the US central bank could hike next month.

Business 17 Nov 2016 | 8:02 AM Premium

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm