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PETALING JAYA: The International Islamic Liquidity Management Corporation (IILM) said it has successfully completed the auction of US$1.35bil short-term sukuk.
The dollar started the week and the final quarter of 2020 on softer footing
THE US dollar depreciated by 0.49% to 97.60 due to resurgent coronavirus infections in the US, and the prospect of improving growth abroad, souring investors’ appeal on the dollar.
THE US dollar strengthened 0.73% to 100.466, benefiting from safe haven flows as investors turned wary over a potential second wave of the Covid-19 infection as many countries eased their lockdowns. The dollar also received additional impetus following:
THE dollar depreciated 1.26% to 99.11 largely due to the month-end rebalancing added with the dovish Federal Open Market Committee (FOMC) meeting after the Federal Reserve (Fed) opened the door for more monetary easing and dampened expectations for a quick economic recovery from the coronavirus crisis.
Amid a short working week in conjunction with President’s Day, the dollar climbed 0.75% to 99.865, marking a near three-year high. The broad strength in the dollar was supported by demand for safe-haven assets in view of the coronavirus conundrum.
Separately, the Fed’s Powell in his testimony acknowledged the rising risk of coronavirus (Covid-19) while viewing the underlying strength of the US economy, added with a series of rate cuts last year, is appropriate to withstand the rising challenges on the external front.
PETALING JAYA: China Automobile Parts Holdings Ltd’s (CAP) executive chairman Wang Yu Yun and two of the company’s directors have been publicly reprimanded and fined by Bursa Malaysia Securities Bhd for breaching the stock exchange’s rules.
KUALA LUMPUR: China Automobile Parts Holdings Ltd’s (CAP) executive chairman Wang Yu Yun and two of the company’s directors have been publicly reprimanded and fined by Bursa Malaysia Securities Bhd for breaching the stock exchange’s rules.