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KL shares drop after higher opening

KUALA LUMPUR, May 24 — Bursa Malaysia opened higher, but retreated thereafter on continued selling in selected heavyweights, and amid mixed sentiment among regional peers, dealers said. At 9.34am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)…


Asia markets lower on renewed US-China trade concerns

SHANGHAI, May 24 — Asian shares moved lower today as investors fretted about new setbacks in US-China trade talks, but negative sentiment was tempered by US Federal Reserve meeting minutes suggesting it would not raise the tempo at which it…


Emerging-market rout has traders caught in grim feedback loop

NEW YORK, May 24 — A feedback loop is taking hold across financial markets as the emerging-market selloff intensifies, helping to support the greenback and giving Treasury bears more ammo. It goes like this: A rebounding US dollar this year has…


Oil falls on shock US stock builds, Opec supply worries

NEW YORK, May 24 — Oil benchmarks fell yesterday after an unexpected build in US crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in Opec crude output to cover any shortfalls in supply from Iran and…


Wall St ends up as Fed seen keeping gradual approach to rate hikes

NEW YORK, May 24 — US stocks ended with small gains yesterday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate…


Stock futures dip as Trump's comments spark trade talk uncertainty

NEW YORK, May 23 ― US stock index futures were lower today on fresh uncertainty over US-China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes. Earlier optimism of trade talks…


KLCI tumbles 1.6% on renewed public debt worries

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KUALA LUMPUR (May 23): The FBM KLCI tumbled to its lowest level in three months on renewed concerns over national debt levels, following recent statements by Prime Minister Tun Dr Mahathir Mohamad and Finance Minister Lim Guan Eng which signalled the national debt had breached RM1 trillion. At 12.30pm, the FBM KLCI tumbled 1.6% or 28.67 points to 1,816.36. Losers thumped gainers by 516 to 97, while 568 counters traded unchanged. Volume was 1.42 billion shares, valued at RM1.25 billion. Top losers included Petronas Dagangan Bhd, Panasonic Manufacturing Malaysia Bhd,Read More


Wall St slips on US-China trade talk uncertainty, energy falls

NEW YORK, May 23 — US stocks ended lower yesterday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares. President Donald Trump yesterday said he…


Wall Street gains as US-China trade talks gather pace

NEW YORK, May 22 — US stocks rose today, adding to gains from a day earlier, as the United States and China made progress on reducing trade tensions after agreeing to put their differences on hold. Washington neared a deal to lift its ban on US…


Wall St rises on trade war truce, industrials lead

NEW YORK, May 22 — US stocks rose yesterday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. US Treasury…