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Business 26 Jul 2019 | 2:14 AM

Ringgit slips against US$ following hold on ECB policy rate

KUALA LUMPUR: The ringgit was lower against the US dollar in the early session today as buying sentiment for the local note was hampered by a stronger greenback.

Business 23 Jul 2019 | 10:14 PM

Earnings and trade optimism push Wall St. toward record high

NEW YORK: The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.

Business 20 Jul 2019 | 12:00 AM

Global forex market

The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.

World 23 May 2019 | 2:46 AM

Budget talks not affected by Trump refusal to negotiate with Congress - CNBC

WASHINGTON (Reuters) - President Donald Trump's refusal to negotiate with Congress does not extend to his administration's effort to reach a deal on must-pass debt ceiling and funding bills, CNBC reported on Wednesday, citing an unidentified senior administration official.

Business 01 May 2019 | 10:45 PM

US$ rises as Fed's Powell cools bets on rate-cut

NEW YORK: The dollar rose against a basket of other currencies on Wednesday as U.S. Federal Reserve Chairman Jerome Powell said the central bank's current policy stance is appropriate, reducing expectations for a rate cut.

Corporate News 10 Mar 2019 | 10:52 PM

In Monday's budget, Trump to ask Congress for $8.6bil for border wall

WASHINGTON: President Donald Trump on Monday will ask the U.S. Congress for an additional $8.6 billion to help pay for his promised wall on the U.S-Mexico border to combat illegal immigration and drug trafficking, officials familiar with his 2020 budget request told Reuters.

World 10 Mar 2019 | 7:38 PM

Exclusive: In budget, Trump to ask Congress for $8.6 billion for border wall

WASHINGTON (Reuters) - President Donald Trump on Monday will ask the U.S. Congress for an additional $8.6 billion to help pay for his promised wall on the U.S-Mexico border to combat illegal immigration and drug trafficking, officials familiar with his 2020 budget request told Reuters.

Corporate News 26 Feb 2019 | 10:33 PM

Fed's Powell says 'no rush' to hike rates in 'solid' but slowing economy

WASHINGTON: The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing.

Business 04 Feb 2019 | 12:00 AM

Rates experts decode implications of Fed’s plan

Balance sheet policy changes make traders to rethink views on markets

Markets 18 Jan 2019 | 11:11 PM

World markets themes for the week ahead

NEW YORK: Following are five big themes likely to dominate thinking of investors and traders in the coming week.