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NEW YORK: U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up stocks that would benefit from an economic recovery and shrugged off worries about rising prices, for now.
Wall Street's major averages fell on Wednesday after stronger-than-expected inflation data stoked fears of tighter monetary policy to combat a possibly longer period of inflation.
NEW YORK/LONDON: Commodity prices jumped, the dollar slid to a two-month low and major global equity indexes scaled record peaks on Friday after weak U.S. jobs data for April tamped down fears that a booming economy would spark inflation and higher interest rates.
NEW YORK: Commodities prices jumped to new highs as signs of economic recovery raised hopes of renewed energy demand and a weaker dollar stoked investor appetite for precious metals.
PETALING JAYA: The Malaysian hotel industry, which has been hit hard by the Covid-19 pandemic, is expected to almost double its average occupancy rate (AOR) during the Hari Raya week later this month.
PUBLIC-listed companies are discouraged from appointing active politicians, such as Members of Parliament and state assemblymen to their board of directors, the Securities Commission (SC) said in its latest update on the Malaysian Code of Corporate Governance (MCCG) released on Wednesday.
NEW YORK: Investors have received some reassurance that the Federal Reserve will not imminently reduce its support of the US economic recovery, but they expect the Fed to provide more concrete clues on a tapering of bond purchases in the months ahead.
HONG KONG (AFP): Asian markets rallied Thursday (April 29) as traders welcomed blockbuster earnings from Wall Street titans, and after the Federal Reserve painted a rosy picture of the US economic outlook, repeating a pledge to stick to its guns with an ultra-low monetary policy.