global economic

 
 

Trade minister unveils plan to make UK export ‘superpower’

LONDON, Aug 21 — Britain will bid to become an “exporting superpower” after Brexit, Trade Secretary Liam Fox said today as he unveiled the government’s future export strategy. The country, which is set to leave the European Union in March…


Shares climb on hopes for US-China trade talks, Turkish lira falls

LONDON, Aug 20 — Global stocks rose today amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara….


Malaysian stocks rebound as PM takes off for China

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KUALA LUMPUR (Aug 17): Malaysian stocks closed higher today with the FBM KLCI up 6.2 points or 0.35% at 1,783.47 points, but underperforming its regional peers as investors here remained in profit-taking mode. “The big event to watch out for next week will be the prime minister’s official visit to China,” TA Securities senior technical analyst Stephen Soo told theedgemarkets.com. He opined that the market is likely to continue trading sideways as investors await signals from the visit, amid global economic concerns. “The momentum going forward may be softer, withRead More


Oil edges higher on anticipated US-China trade talks

NEW YORK, Aug 17 — Signs of easing tensions between the world’s two largest economies helped to lift oil a little after the US reported a surge in crude stockpiles yesterday and futures flirted with a key technical level. Oil in New York was…


Ringgit decline in line with fall in global currencies

KUALA LUMPUR: The decline in the value of the ringgit against the US dollar is in line with the fall in other global currencies, caused by the global economic uncertainties, said Prime Minister Tun Dr Mahathir Mohamad. He said among these uncertainties was the trade war between the United States (US) and China. “The currencies […]


Ringgit decline in line with fall in global currencies – Dr Mahathir

KUALA LUMPUR: The decline in the value of the ringgit against the US dollar is in line with the fall in other global currencies, caused by the global economic uncertainties, said Prime Minister Tun Dr Mahathir Mohamad. He said among these uncertainties was the trade war between the United States (US) and China. “The currencies of many […]


KLCI down 0.5% in line with regional markets

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KUALA LUMPUR (Aug 16): The FBM KLCI pared losses for a 8.26-point or 0.5% drop in line with Asian share markets after China said it will hold trade talks with the US this month. Such sentiment raised hopes that the China-US trade war will ease. Reuters reported that China on Thursday said a delegation led by its vice commerce minister would travel to the United States for talks in late August at the invitation of Washington. That helped Chinese stocks pare losses, with the Shanghai Composite Index and Hong Kong’s HangRead More


KLCI slides at the open as uncertainty over Turkey continues

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KUALA LUMPUR: Asian markets opened to red again on Thursday as Turkey’s fiscal troubles continued to raise investor concerns over emerging markets. This was compounded by a decline in technology stocks overnight on Wall Street as Tencent’s US-based shares led the sector lower. Japan’s Nikkei slipped to a loss of 1.1% in early morning trade, hot on the heels of pullbacks in all major US and European indices. At 9.05am, the FBM KLCI was down 4.46 points to 1,781.48. Trading volume was 136.07 million shares valued at RM50.39mil. There wereRead More


Kemp: Global economic outlook is darkening

LONDON, Aug 16 — Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is likely to moderate, especially for distillates like diesel….


Indonesia central bank hikes rates as Turkey crisis bites

JAKARTA, Aug 15 — Indonesia’s central bank hiked interest rates today in a bid to shield the slumping rupiah from a selloff in emerging market currencies as Turkey’s financial crisis roils global markets. Bank Indonesia raised its benchmark…