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Ringgit to be less volatile this year as economy stabilises
KUALA LUMPUR: The ringgit will be less volatile this year compared with last year as the economy stabilises.
AmBank: Malaysian bonds to rally after selldown
KUALA LUMPUR: Malaysia’s sovereign bonds will rally in the next three months, spurred by demand from local insurers and pension funds, and an accommodative interest-rate policy, according to the nation’s top debt arranger.
Malaysian palm oil price reverses losses, tracks rising soyoil
KUALA LUMPUR: Malaysian palm oil rebounded from earlier losses on Wednesday evening, rising for a third session in four as it was lifted by stronger performing soyoil and in a technical correction.
Wall Street ticks lower as Trump tax priorities unveiled
New York U.S. stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.
P&G profit falls on strong dollar, slow consumer spending
BENGALURU: Procter & Gamble Co (P&G), maker of Ariel detergent and Gillette razors, reported an 8.3% fall in third-quarter profit, hurt partly by a slowdown in consumer spending in the United States and a stronger dollar.
Cagamas issues RM2.3bil worth of US dollar and ringgit bonds
KUALA LUMPUR: Cagamas Bhd, the national mortgage corporation, has surpassed half of its target issuance for the year following a RM2.3bil equivalent dual currency issuance over three days earlier this month.
PetChem to grow production capacity by 49% by 2020
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects to grow its production capacity by 49% or an increase of 5.3 million tonnes by year 2020 from 10.8 million tonnes currently.
China banks miss out on US investment banking bonanza
NEW YORK: As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.
