European stocks climb as Italy responds to EU

LONDON, Oct 2 — European stock markets climbed today, helped by solid gains on the Milan index as investors looked beyond a credit downgrade for Italy, which has told Brussels it will stick to a controversial budget. The dollar rose against major…

Not out of the bearish trend

The market rebounded as expected after the FBM KLCI found support at 1,683 points in the sell down two weeks ago. The local market performance was in line with global markets which have also rebounded from a bearish market. The FBM KLCI increased only 0.1 per cent in a week to close 1,732.14 points last […]

Euro, pound rally on Brexit concession; stocks dip

NEW YORK, Oct 20 — Stocks dipped yesterday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. Oil prices rose on…

Oil below US$70 as stockpile gain counters US-Saudi row


Political tension: A Royal Dutch Shell Plc attendant working at a gas station, operated by Sahel, in Dhahran, Saudi Arabia. Saudi-US tension is mounting over the disappearance of criticKhashoggi. — Bloomberg SINGAPORE: Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the US and Saudi Arabia over a missing critic of the kingdom. Futures in New York were little changed, after plunging 3% Wednesday, the biggest drop since August. US crude inventories rose 6.49 million barrels last week, the EnergyRead More

Asia shares extend slump as global sentiment sours

SHANGHAI, Oct 19 ― Stocks in Asia fell today as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher US interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session….

Global stocks tumble on souring sentiment, oil falls

NEW YORK, Oct 19 ― Stocks fell sharply yesterday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-US trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia. European…

Asia stocks falter as China knocked by renewed trade war fears

TOKYO, Oct 18 — China's benchmark stock index skidded to four-year lows and dragged Asian equities down today, as renewed fears of a broadening economic impact from an escalating Sino-US trade conflict sapped confidence. The US dollar, however,…

Asia stocks capped, US dollar at week high

TOKYO, Oct 18 — Asian stocks were capped and the US dollar rose to a one week-high in early trade today after the minutes of the Federal Reserve's latest meeting showed broad agreement among board members on the need to raise borrowing costs…

US data drags oil lower, US dollar up after Fed minutes

NEW YORK, Oct 18 — Oil prices fell yesterday after US crude inventories rose by much more than expected and exports fell, while the US dollar added to gains after minutes showed Federal Reserve policy makers largely united on the need to raise…

Budget 2019 likely to be belt tightening

KUCHING: Budget 2019 is highly expected to be a ‘belt-tightening’ budget as the government prioritises on overhauling its fiscal positions to trim the current high debt level. As at 2017, the official total government debt, lease payments for public-private partnership projects and government guarantees amounted to RM686.8 billion, RM201.4 billion and RM199.1 billion respectively, adding […]