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KUALA LUMPUR: The firmer US dollar backed by a market drop in risk appetite in the US and the European equity markets amid COVID-19 fears has led to a weaker demand for the ringgit at today's opening.
NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
KUALA LUMPUR:The ringgit traded slightly lower at the opening today on profit-taking after it closed at a seven-month high last Friday against the US dollar while tracking the movement of the Chinese renminbi.
SYDNEY: Asian shares held to tight ranges on Monday, as did currencies, as investors awaited developments on U.S. fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe.
LONDON: London Stock Exchange entered exclusive talks on Friday to sell Borsa Italiana to Euronext, with the French operator seeing off bids by Deutsche Boerse and Switzerland's Six as it looks to add another bourse to its European network.
KUALA LUMPUR: The ringgit opened at a seven-month high against the US dollar in early trade today as the weakening greenback spurred demand for emerging currencies and riskier assets, dealers said.
THE recent obsession with seemingly modest euro exchange-rate gains has more to it than meets the eye.
TOKYO: Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.
LONDON: The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet, according to the OECD.