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Ringgit opens higher on firmer oil prices
KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, riding on the firmer crude oil prices fuelled by the Organisation of the Petroleum Exporting Countries+’s (OPEC+) production decision.
U.S. services sector expansion slows in November amid COVID-19 spikes
WASHINGTON, Dec. 3 (Xinhua) -- The U.S. services sector expanded in November for the sixth consecutive month, but the pace slowed down amid surging COVID-19 cases, the Institute for Supply Management (ISM) reported Thursday.
The Week That Was - Third quarter over-achievers
MORE than half of the big companies on Bursa Malaysia made more profits in the third quarter ended Sept 30 than they did in the same quarter last year.
Weaker 4Q GDP after November PMI dips
KUALA LUMPUR: Malaysia may see its economy growing at a slower pace in the fourth quarter (4Q) after the manufacturing Purchasing Manufacturing Index (PMI) contracted for the fourth straight month in November, AmBank Research points out.
Solid PMI in Asia drives ringgit higher by 70bps vs US$
KUALA LUMPUR: The ringgit reversed recent losses to open firmer against the US dollar on Wednesday, as it tracked other Asian currencies’ gains, lifted by a solid November manufacturing Purchasing Managers' Index (PMIs) in the region, along with stimulus and COVID-19 vaccine optimism.
Eurozone manufacturing sector expands at slower pace
BRUSSELS, Dec. 1 (Xinhua) -- The manufacturing sector in the euro area continued to expand in November, yet at a slightly slower pace compared to the previous month, according to the economic indicators released Tuesday by the IHS Markit, a London-based global information provider.
Manufacturing PMI at new low
PETALING JAYA: Malaysia’s November manufacturing purchasing managers’ index (PMI) fell to 48.4 from 48.5 in October, according to IHS Markit data.
Asian factories continue recovery from virus woes as China booms
TOKYO (Reuters): Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday (Dec 1), offering hope the region was shaking off the drag from the Covid-19 crisis.
Asian shares extend gains on recovery hopes, following stellar November
SYDNEY/NEW YORK: Asian share markets began the new month with a bang on Tuesday, buoyed by the prospect of a Covid-19 vaccine fueling a global economic recovery, buoyant Chinese factory activity and expectations of continuing fiscal and monetary support.
November manufacturing PMI dips to lowest since May
KUALA LUMPUR: Malaysia's November manufacturing purchasing managers’ index fell to 48.4 from 48.5 in October, according to IHS Markit data.
