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NEW YORK: America’s labour market unexpectedly rebounded in May, signalling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
THE US dollar witnessed a sell-off, down 1.7% to 96.677, marking a two-month low as risk-on sentiment permeates global markets after US-China tension dwindled as President Donald Trump’s measures were seen not as severe as feared.
KUALA LUMPUR: The ringgit advanced against the US dollar in the early session today on better demand for the local note, as the greenback, a safe haven-linked currency succumbed against the backdrop of firm risk-on sentiment.
NEW YORK: The euro jumped to a 12-week high against the U.S. dollar on Thursday after the European Central Bank increased stimulus to shore up economies hurt by the coronavirus pandemic.
KUALA LUMPUR: Berjaya Corp Bhd (BCorp) is seeking shareholder ratification for the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for 50.79 billion yen (about RM2.06bil).
NEW YORK: Stocks slumped in the U.S. and Europe as concern the recent rally had gone too far too fast overshadowed new stimulus measures and encouraging economic data.
KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) is seeking shareholder ratification of the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for Japanese yen 50.79 billion (about RM2.06 billion).
SYDNEY: Japanese stocks drifted near their more than three-month highs on Thursday on signs of an economic rebound from a coronavirus-led slump and a weakening yen, with the rally losing steam as investors locked in profits.