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WASHINGTON: Federal Reserve officials have said little to take a third straight interest-rate cut off the table when they meet this month.
THE US dollar depreciated by 0.71% to 97.607 following a confluence of factors.
KUALA LUMPUR: Investors will maintain a cautious outlook on the toll road sector, due to a lack of details and uncertainties concerning the takeover plans for Gamuda Bhd and PLUS Malaysia Bhd highways, says Franklin Templeton GSC Asset Management Sdn Bhd.
LONDON: US equity-index futures turned higher with European stocks on Thursday as a new Brexit deal was announced and investors digested a string of corporate results. The pound surged.
KUALA LUMPUR: JF Apex Research expects Cypark Resources Bhd, MISC Bhd, Axiata Group Bhd, Careplus Group Bhd and WZ Satu Bhd to be among the stocks to watch on Friday.
Zurich: In the Swiss canton of Zug, officials are going to extremes to avoid getting penalised by the world’s lowest interest rate.
KUALA LUMPUR: The government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers, says the World Bank Group.
BANGKOK: Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed
Purchases of Treasurys will rebuild reserve buffer after recent funding market volatility
DENVER: Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act "as appropriate" amid an economy that he said is likely to continue to expand.