Saturday, March 30th, 2019

 

FBM KLCI to be reinvigorated next week

KUALA LUMPUR, March 30 — Bursa Malaysia is expected to be reinvigorated next week with the market range bound despite the gloomy global economic outlook, analysts said. Phillip Capital Management Malaysia senior vice-president (investment) Datuk…


Ringgit to trade cautiously next week as volatility hits emerging markets

KUALA LUMPUR, March 30 — The ringgit is expected to trade cautiously against the US dollar next week as volatility hits emerging markets due to the strengthening of the US dollar and political instability in Turkey. The greenback was holding its…


Ride-hailing company Lyft rises in Wall Street premiere

NEW YORK, March 30 — Lyft shares raced out of the starting gate but then throttled back slightly in a strong stock market debut yesterday, raising US$2.3 billion (RM9.38 billion) in an IPO that marks a turning point for the ride-hailing business…


Grab to double its headcount in Singapore by end-2020 when new HQ opens

SINGAPORE, March 30 — Ride-hailing giant Grab plans to double its Singapore staff strength by the end of next year, in time for the completion of its new headquarters. Head of people Ong Chin Yin said this yesterday at the groundbreaking ceremony…


White House calls for Fed to reverse US rate hikes

WASHINGTON, March 30 — US President Donald Trump said yesterday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the US economy and stock market. “Had the Fed not mistakenly raised…


Trade hopes buoy stocks, Brexit setback hits pound

NEW YORK, March 30 — Stock markets around the world moved higher yesterday following signs of progress in US-China trade talks, while the British pound fell after lawmakers rejected Prime Minister Theresa May’s Brexit agreement for the third…