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There seems to be a trend for companies to go into the money-lending business.
CONSTRUCTION companies are having a tight cash flow situation with the dearth of projects and tight margins. The situation is even worse for construction companies like Vertice Bhd that has the bulk of its projects in Penang.
STOCK markets hitting record highs again must mean investors are up to their eyeballs in equity, right? Well, not yet it seems – or at least not everyone.
TOKYO: The dollar steadied against major currencies yesterday, as traders looked to more data for a gauge on the health of the global economy and the Federal Reserve’s (Fed) annual Jackson Hole retreat for guidance on the outlook for United States monetary policy.
BENGALURU: Investors stacked up bullish bets on most Asian currencies, a fortnightly Reuters poll found on Thursday, as worries the coronavirus pandemic is hobbling a nascent recovery in the U.S. economy clouded the dollar's outlook.
NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
SYDNEY: Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.