breather from a rally amid the year-end window-dressing period.... At 9. 10am, the FBM KLCI was down

BEIJING: China’s commodities markets suffered through a turbulent year in 2021 as an energy crunch and subsequent government intervention roiled the prices of products from thermal coal to urea, whipsawing them from record highs to monthly lows in weeks. Still, the market is broadly set to end the year higher, notably tin, edible oils and thermal coal, though a second year of wild swings and sharp gains are unlikely amid expectations of more subdued economic growth.“ Factors such as the economic

KUALA LUMPUR: The FBM KLCI dipped in and out of negative territory entering midday as investors remained cautious over a decision on the country's next Prime Minister.... While investment sentiment noticeable improved since yesterday on expectations of a smooth transition and following the announcement that members of Parliaments must submit their choice of candidate by 4pm today, some investors have preferred to remain on the sidelines pending further clarity.... The Malay Rulers will hold a

KUALA LUMPUR: The FBM KLCI extended its retreat below the 1, 600 psychological level over the course of morning trading as investors took profit off a seven-day winning streak.... " Upside may be capped as the market may digest the recent gains before more sectors show significant recovery considering the recent overbought signals.... " Nevertheless, we believe resumption of business activities should bode well for the economy as more states are moving into Phase 3-4 of the National Recovery P

One of the highest-level visits between Turkey and the United Arab Emirates in years is giving the lira a reprieve from a freefall. President Recep Tayyip Erdogan is meeting Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan in Ankara, and the two nations are expected to sign cooperation deals for their wealth funds and stock exchanges. The lira’s rebound comes after an 11-day slide that put its year-to-date loss at 38 per cent, the worst performance among emerging markets tracked by Blo

KUALA LUMPUR: The FBM KLCI maintained its slight lead at midday as investors picked up some bargains following the recent rout.... However, analysts expect sentiment to be weak given the high inflation and growing uncertainty over the US Federal Reserve's outlook.... Plantation counters retreated with IOI falling 11 sen to RM4.20 and Kuala Lumpur Kepong dropping 24 sen to RM26.76....

KUALA LUMPUR: The share price of Redtone Digital Bhd was seen easing off multi-year highs after hitting a peak of 74 sen in early morning trade.... The share surged over 25% to close at 69 sen, its highest since November 2015, yesterday as investors bought up the counter in the hours leading up to news that the company had been appointed a universal service provider for the Jendela Phase 1( Part 2) project.... " This covers the design, supply, installation, testing, commissioning and operation

Finance minister Nirmala Sitharaman on Monday announced a year’s extension to the production linked incentive( PLI) scheme for the electronics manufacturing sector.... Apart from lockdowns, restrictions on movement of goods and personnel and supply chain bottlenecks delayed their production plans.“ Companies have been unable to meet incremental production conditions.... As per agreement, foreign players need to invest at least Rs 250 crore and grow production value by Rs 4, 000 over the base y

It would be no surprise if the jury in Donald Trump’s first criminal trial now sees his former fixer, Michael Cohen, as a profane social media troll and vengeful liar who dreams of seeing the boss he once worshipped behind bars. But jurors don’t have to like Cohen.... They just have to believe him. Trump’s self-described former “ thug ” came under a sustained attack from defense attorney Todd Blanche Tuesday in a cross-examination meant to shatter his credibility as the star witness to the ex-p

The recent gains in economic activity seemed to take a breather for the latest week.... Search