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KUALA LUMPUR: The FBM KLCI clawed its way back into positive territory on the strength of financial heavyweights after spending the mid-morning in the red.
Ringgit poised for technical correction against US dollar this week; to trade between RM4.15 to RM4.16
The ringgit is expected to experience some technical correction in the coming days, trading in the range of RM4.15 to RM4.16 against the US dollar during the holiday-shortened week, an analyst said.
Tencent Holdings Ltd imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy.
NEW YORK: The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell and weighed on the index even though the bank beat earnings expectations.
Shares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation.
THE industrial production index (IPI) and manufacturing sales for August 2021 are the main focus during this relatively light week for economic data.
PUTRAJAYA: With ambitions to grow the sports industry in Malaysia, Prime Minister Datuk Seri Ismail Sabri Yaakob launched three key initiatives to increase women’s participation in sports, discover new talents and generate economic growth for the country.
PUTRAJAYA: The government has launched new initiatives to promote women, youth and talent development in sports.