Sunday, December 24th, 2017

 

Digital coins resume selloff after one-day recovery fizzles

NEW YORK, Dec 24 — The biggest cryptocurrencies resumed their decline today, almost a week after bitcoin ended its unprecedented rally by failing to break above US$20,000 (RM81570). “The West is what’s causing this selloff,” said Mati…


Gulf slips in thin trade, Egypt hits record high

DUBAI, Dec 24 — Gulf stock markets slipped today as trading volumes were mostly low because of the absence of many foreign investors for Christmas holidays. Egypt rose to a record high but volume was very low there too. The Saudi index fell…


Iraq reaches initial deal with China’s Zhenhua to develop East Baghdad oilfield

BAGHDAD, Dec 24 — Iraq reached an initial deal with China’s state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil field, the oil ministry spokesman said today. Iraq is seeking the help of Zhenhua Oil to increase…


Crude Palm Oil Weekly Updates – December 23, 2017

Malaysian palm oil erased last week’s gain, declining to its lowest level since August last year on concerns about rising production and growing stockpiles amid soft demand, while weakness in rival oils compounded the bleak picture. The benchmark crude palm oil futures (FCPO) contract rose 2.27 per cent to RM2,458 on Friday, which was RM57 […]


Bitcoin climbs, finding floor after worst selloff since 2015

MADRID, Dec 24 — Bitcoin rebounded yesterday along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated US$500 billion market that’s frequently called a bubble. The double-digit…


Could the ‘curve’ be warning of a US recession?

NEW YORK, Dec 24 — The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead. Even though President Donald Trump is touting unemployment…


Malaysia bond market weekly updates 24 December 2017

The focus of the Thomson Reuters BPAM All Bond Index Performance  this week was the US Tax Reform plan, which was passed in both House and Senate on Wednesday. The approval of US$1.5 trillion tax cut plan was the most drastic changes to the US tax code since 1986, which includes permanent tax breaks for […]


Global Equities Market Weekly Updates – Stronger gains in US equities amid tax cut and job act discussion

Global equities ticked upwards for the third consecutive week, with the MSCI AC World index rising 0.54 per cent over the week ended December 15, 2017. Amid continued discussions regarding tax cuts and Jobs Act over in the US Congress, US equities, as represented by the S&P 500 Index, gained 0.86 per cent over the […]


Bitcoin climbs, finding floor after worst selloff since 2015 (VIDEO)

MADRID, Dec 24 — Bitcoin rebounded yesterday along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated US$500 billion market that’s frequently called a bubble. The double-digit…


Keep on trucking

Automotive technology has always been the highlight at any international motorshow, especially when it comes to smart driving. So when Tesla chief executive Elon Musk unveiled its all-electric heavy-duty truck in November, it got the whole global trucking community talking. In fact, the company has already received pre-orders for its electric big-rig from major players […]