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KUALA LUMPUR: Affin Hwang Capital research maintained its hold call and target price of RM137 on Nestle (Malaysia) Bhd following the release of its latest quarterly earnings.
TOKYO: In a disappointing third quarter earnings season for Japan Inc, one prominent theme is that moves in the yen have been a particular headache.A total of 438 Tokyo-listed companies have cut their full-year earnings guidance, according to data compiled by Bloomberg. Fifty-six of them announced a change to their currency expectations in addition to their lowered profit forecasts.
KUALA LUMPUR: Investors cashed in on the recent rally as they awaited further confirmation over whether the US and China will sign a deal to roll back some of the existing tariffs at the centre of a trade dispute.
NEW YORK: Oil rose above US$62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.
PETALING JAYA: Glovemaker Careplus Group Bhd’s losses continued for the second consecutive quarter as lower sales volume and higher costs took a toll on the company’s bottom line in the July-September 2019 period.
NEW YORK: The U.S. dollar and crude prices rose on Tuesday, spurred by optimism that a U.S.-China trade deal may be near, but a rally in global equity markets paused after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
THE US dollar weakened by 0.49% to 97.352 after a report that Chinese officials were unsure if a longer-term trade deal with the US can be reached, one day after Fed chairman Jerome Powell hinted a pause in its rate cut cycle. The switch in trade narrative and better economic release elsewhere triggered the selling in dollar.
KUALA LUMPUR: Profit-taking set in on the local market after a winning streak that was capped off with a surge in banking stocks yesterday.
BUENOS AIRES (Reuters) - Argentina's central bank is setting a price floor under the volatile peso in hopes to avoid a sharp plunge in the currency after an opposition-won presidential election last Sunday shifted the country firmly back to the left.
KUALA LUMPUR: Domestic banks jumped on news that the US Federal Reserve had slashed its interest rate by 25bps for the third time this year, sending the FBM KLCI higher for the third straight session.