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KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade in a tight range of between 1,525 and 1,535 next week, with the fiscal stimulus package by the government to be the focus among local traders
JAKARTA: Indonesia’s central bank cut its benchmark interest rate after a three-month pause as the spread of the coronavirus threatens growth in South-East Asia’s biggest economy.
SINGAPORE (Bloomberg) -- Gold reached a new seven-year high as investors sought safety assets on concerns the coronavirus outbreak will hurt global growth and amid speculation the Federal Reserve will ease monetary policy before year-end.
SINGAPORE: Gold traded near a seven-year high on concern that the coronavirus outbreak will retard global growth, coupled with speculation the Federal Reserve will ease monetary policy before the year-end.
SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
SINGAPORE: Palladium surged above US$2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
MUMBAI: Gold exchange-traded funds (ETFs) are popular again, as risks to the global economy escalate even as jewellery sales languish in the world’s second-biggest consumer of the precious metal.
PETALING JAYA: Boosted by its liquified natural gas (LNG) business and a turnaround in its petroleum segment, MISC Bhd posted a net profit that came in RM8.7% higher to RM1.42bil for the financial year ended Dec 31,2019 (FY19) from the RM1.31bil a year ago.
PETALING JAYA: Banks in Malaysia may see further compression in net interest margin (NIM) by three to four basis points (bps) should the central bank cut interest rates again in the coming months to support the country’s slowing economy.