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KUALA LUMPUR: Bursa Malaysia is likely to trade in cautious mode next week as investors will be focusing on the release of Malaysia’s first-quarter 2021 (Q1 2021) gross domestic product (GDP) next week.
NEW YORK/LONDON: Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
Sustainable electricity supply essential for operations
For the first time after 11 consecutive months, the number of employed persons registered a positive year-on-year growth of 0.6% (+96,900 persons) in March.
NEW YORK: Payments firm Square Inc handily beat Wall Street expectations for quarterly profit on Thursday, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its peer-to-peer payment service Cash App.
LUXEMBOURG: ArcelorMittal SA reported its highest quarterly profit in a decade as steel prices soared amid a commodities boom that’s touched everything from copper to corn.
LONDON: Britain’s economy is heading for a much stronger recovery this year than expected and the Bank of England (BoE) might start to slow its pandemic emergency support.
Figure is the highest increase since mid-2013
THE global rally in commodities has seen some like copper and iron ore probe record highs, but when it comes to the companies producing natural resources the gains in their share prices have been largely lagging and uneven.