KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade within a tight range of between RM1,900 and RM1,920 a tonne next week on trade war strain, said a dealer.
THE dollar’s strength was broad-based, supported by safe-haven play after President Donald Trump tweeted about raising current tariffs from 10% to 25% on US$200bil worth of Chinese imports and accused the Chinese of backpedalling on trade talks. However, the US dollar erased its weekly gains after April core producer prices unexpectedly edged lower to 0.1% month-on-month (m-o-m) from 0.3% m-o-m in March (consensus: 0.2%).
LONDON, May 11 ― European shares rose yesterday, with surging shares of Thyssenkrupp and robust defensive stocks helping equities on the continent avert the losses seen among their US peers, which s...
HOUSTON: Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising U.S. refining demand
Comment by Pankaj C. Kumar
Much has been commented about the housing market overhang as well as oversupply the past week, mostly coming from the recently released Property Market Report 2018 by National Property Information Center (Napic).
Glovemaker Hartalega Holdings Bhd may be the harbinger of lacklustre financial results for the other players who will be announcing their quarterly results soon.
NEW YORK, May 10 — Wall Street stocks dipped early today as the United States followed through on a threat to increase tariffs on Chinese imports, while investors awaited the market debut of Uber.
WASHINGTON, May 10 — US consumer prices rose in April but underlying inflation remained muted, suggesting the Federal Reserve could keep interest rates unchanged for a while.
LONDON, May 10 — Britain’s economy grew by 0.5 per cent in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed today.
HONG KONG, May 10 — Shanghai led gains across most Asian and European markets today at the end of a torrid week for equities, with investors keeping a nervous eye on China-US trade talks after Washi...
KUALA LUMPUR: The FBM KLCI continued to price in the breakdown in trade negotiations between the US and China and slumped noticeably after the passing of the 12 noon deadline for US trade tariffs.
SINGAPORE (May 10): Malaysia’s ringgit is set for a second weekly decline as investors await industrial production data to gauge the outlook for the economy.
SINGAPORE: Singapore's second-biggest listed lender Oversea-Chinese Banking Corp Ltd reported an 11 percent rise in quarterly profit on Friday that beat market estimates, driven by broad-based growth, rounding up a strong quarter for local banks.
(May 10): Asian equities are set for a mixed start to trading Friday, still on track for their worst week since October, as the U.S. and China began a pivotal round of trade negotiations.
KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent in late trade on Thursday, charting a second session of losses, as worries over U.S.-China trade relations weighed on prices.
KUALA LUMPUR (May 9): Malaysian palm oil futures fell more than 1% in late trade on Thursday, charting a second session of losses, as worries over U.S.-China trade relations weighed on prices.
LONDON, May 9 — World stock markets sank again today on heightened China-US tensions before make-or-break trade talks in Washington, dealers said.
KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday, pressured by concerns over the Sino-U.S. trade conflict and as the ringgit strengthened.
KUALA LUMPUR (May 8): Malaysian palm oil futures fell on Wednesday, pressured by concerns over the Sino-U.S. trade conflict and as the ringgit strengthened.
SINGAPORE: Most emerging Asian currencies weakened on Wednesday, as fresh doubts about whether the United States and China can end their trade war rekindled worries about global growth.
MP SPEAKS | When the Quarterly Confidence Indicator for the Q1 of 2019 was published by the Department of Statistics, Malaysia (DOSM), in the Business Tendency Survey report, this figure dropped to -2...
KUALA LUMPUR (May 8): The FBM KLCI opened lower today with Asian shares after crude oil and US equities' overnight drop on Tuesday amid China-US trade war concerns.
KUALA LUMPUR: Bursa Malaysia came under selling pressure early Wednesday, in line with the weaker key Asian markets, as fresh anxiety weighed on investor sentiment due to the US-China trade conflict.
TOKYO: Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.
BEIJING: China’s foreign exchange reserves unexpectedly fell for the first time in six months in April, despite recent data that suggested the world’s second-largest economy is starting to steady in response to stimulus measures.
KUALA LUMPUR: Axiata's and Digi's rally chalked up a healthy rebound for the FBM KLCI amid a chaotic outlook resulting from US-China trade talks.
MANILA: Philippine annual inflation slowed for a sixth consecutive month in April, reinforcing views the central bank will loosen its grip on monetary policy to support economic growth.
SHANGHAI: Chinese investors, caught off guard by U.S. President Donald Trump’s tariff threats, dumped stocks and sold the country’s yuan on Monday as a fresh deterioration in Sino-U.S. trade tensions roiled Asian financial markets.
KUALA LUMPUR (May 4): Industry experts “believe the property market is finally showing signs of stabilising, which may lead to a slight recovery this year”, reported The Edge Malaysia in its lates...
WHILE the level of residential overhang in the country continues to rise in spite of fewer launches last year, things may finally be looking up for the Malaysian property market.
IT IS unlikely that the cement industry would make a comeback anytime soon, as the sector is still being hit by the state of oversupply and weak domestic demand.
PARIS, May 3 — Profits sagged at Societe Generale at the start of this year but its share price rose today as investors welcomed the French bank reinforcing the capital it holds to absorb possible l...
LONDON, May 3 — London’s stock market rose and eurozone indices steadied at the open today awaiting the release of key US jobs data.
KUALA LUMPUR (May 3): Malaysian palm oil futures bounced back from near five-month lows on Friday as traders covered short positions, but were headed for their biggest weekly drop since early November...
WASHINGTON, May 3 — US employers likely maintained a strong pace of hiring in April while steadily increasing wages for workers, pointing to solid economic growth and moderate inflation pressures.
KUALA LUMPUR (May 3): The FBM KLCI reversed its earlier loss and climbed at the midday break today, lifted by gains including at Hartalega Holdings Bhd and AirAsia Group Bhd.
KUALA LUMPUR (May 3): Malaysian exports decreased 0.5% to RM84 billion in March 2019 from a year earlier as the nation sold less electrical and electronic products and commodity-based items.
KUALA LUMPUR, May 3 — Malaysia has recorded the highest month-on-month (m-o-m) export growth since April 2010 when exports in March this year grew by 26.2 per cent while total trade surged by 25.9 p...
KUALA LUMPUR: Total Malaysian exports in March fell 0.5% year-on year (y-o-y) to RM84.05bil, beating consensus expectations for a 3.4% decline.
KUALA LUMPUR (May 3): The FBM KLCI fell 0.29% at mid-morning today, against the backdrop of subdued regional markets.
SYDNEY, May 3 — Asian share markets were subdued today amid thin holiday trade although the dollar found support as investors pared expectations for a US rate cut this year while oil prices loitered...
KUALA LUMPUR: Blue chips got off to a lacklustre start on Friday, continuing from the previous day in the absence of strong leads, with Hong Leong Bank and Public Bank weighing on the FBM KLCI.
SYDNEY: Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a U.S. rate cut this year while oil prices loitered near one-month lows on oversupply fears.
By Hakim Hassan PETALING JAYA: Despite the market slowdown in 2018 for the property segment, Napic sees that sector to bounce back in 2019 based on the slight growth in volume and transaction in 2018 ...
LONDON, May 2 — European stock markets opened mixed today, with Frankfurt and Paris resuming trading after the May Day break.
KUALA LUMPUR (May 2): The FBM KLCI fell 0.33% at the midday break today against the backdrop of mixed regional markets, dragged by index-linked blue chips.
SINGAPORE: Most Southeast Asian stock markets fell on Thursday, in line with global equities, after the U.S. Federal Reserve chairman's remarks cooled expectations of a rate cut, while Philippines gained after S&P Global upgraded the country's credit rating.
LONDON, May 1 — London’s blue chip share index rose today as Sainsbury’s surged following a profit beat and banking group Lloyds climbed after revising its capital guidance.
LONDON: Sainsbury’s was alone among Britain’s big four supermarket groups in seeing sales fall in the 12 weeks to April 21, industry data showed yesterday.
LONDON, April 30 — Sterling reached a one-week high back above US$1.30 (RM5.37) today after media reports that the tone of Brexit talks between the British government and the main opposition party h...
KUALA LUMPUR (April 30): The FBM KLCI gained 4.89 points or 0.3% to close at 1,642.29, partially lifted by gains in banking stocks including Hong Leong Financial Group Bhd (HLFG) and Malayan Banking B...
BRUSSELS, April 30 — The eurozone economy expanded by a better than forecast 0.4 per cent in the first quarter of 2019, official data showed today, dampening talk that a recession in Europe is aroun...
KUALA LUMPUR (April 30): Malaysia's financial institutions are well-positioned to withstand "severe macroeconomic and financial shocks", with excess capital buffers of RM154 billion as at March 2019, ...
KUALA LUMPUR: Fund buying of bank stocks Maybank, CIMB and power giant Tenaga Nasional enabled the FBM KLCI to end a volatile April on a firmer note on Tuesday.
KUALA LUMPUR (April 30): Malaysia’s financial institutions are well-positioned to withstand severe macroeconomic and financial shocks, with excess capital buffers of RM154 billion as at March 2019, ...
kopiandproperty.com attended the Malaysia Property Market Report launching ceremony today in INSPEN.
KAJANG (April 30): The Malaysian property market has gradually improved over 2018 and is expected to stabilise this year, on the back of increases in volume and value of total transactions at the end ...
The OnePlus 7 Pro is definitely coming with a triple-camera setup as confirmed by its latest teaser.
KUALA LUMPUR, April 30 — Malaysia’s financial institutions are well-positioned to withstand severe macroeconomic and financial shocks, with excess capital buffers of RM154 billion as at March 2019...
KUALA LUMPUR (April 30): Malaysian palm oil futures eased during the first half of trade on Tuesday, in line for a fourth consecutive day of declines, on bearish outlook for stocks from a leading palm...
KAJANG, April 30 ― Finance Minister Lim Guan Eng is optimistic that more people will be buying Malaysian houses and commercial property this year.
PUTRAJAYA (April 30): Malaysia's residential property overhang increased 30.6% in volume to 32,313 units in 2018 compared to 24,738 units in 2017, up 27% in value to RM19.86 billion.
BANGI: Finance Minister Lim Guan Eng says the volume and value of property transactions increased by a marginal amount in 2018.
SHANGHAI (April 30): Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue t...
SHANGHAI: Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy.
KUALA LUMPUR: Bursa Malaysia was in the red at the start of Tuesday trade, in line with the cautious key Asian markets, while weighing down the FBM KLCI were Hong Leong Bank and Tenaga Nasional.
KUALA LUMPUR: Public Bank’s Q1, FY19 net profit was below CIMB Equities Research’s expectations at 23% of its full year forecast due to lower-than-expected topline growth.
THE recent decision to allocate places at universities based on a racial quota will lead not to a culture of meritocracy but one of mediocrity.
NEW YORK: Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran
PETALING JAYA: Public Bank Bhd’s net profit for the first quarter ended March 31, 2019 (1Q19) came in slightly higher at RM1.41bil from the RM1.405bil reported in the same period a year ago.
KUALA LUMPUR: Malaysian palm oil futures extended losses on Monday to hit a one-month low, weighed down by weaker related oils and crude oil.
WASHINGTON, April 29 — US consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain...
NEW YORK, April 29 — US stocks were on course to open lower today after hitting another closing high in the previous session, as investors awaited inflation data and a fresh batch of earnings.
KUALA LUMPUR (April 29): Malaysian palm oil futures extended losses on Monday to hit a one-month low, weighed down by weaker related oils and crude oil.
FRANKFURT, April 29 — The pace of growth in lending to eurozone households and businesses fell back in March, European Central Bank data showed today, in a fresh pointer towards slowing growth acros...
KUALA LUMPUR (April 29): Malaysian palm oil futures extended losses on Monday to a one-month low, weighed down by weaker related oils and crude oil.
KUALA LUMPUR (April 29): Public Bank Bhd reported today a 0.36% increase in net profit at RM1.41 billion for the first quarter ended March 31, 2019 (1QFY19) from RM1.405 billion a year earlier mainly ...
INVESTORS in Asian and emerging markets (EMs) that had rebounded strongly since the rout last year, may have to buckle up as the froth builds up in global equities.
NEW YORK: Global stock markets rose and the S&P 500 notched a record closing high for the second time this week on Friday as data showed U.S. economic growth accelerated in the first quarter, while the dollar fell against a basket of currencies.
TOKYO, April 26 — Japanese airlines ANA and JAL said today that soaring demand for international travel had boosted their bottom line as the country enjoys a tourism boom ahead of the 2020 Olympics.
KUALA LUMPUR (April 26): Malaysian palm oil futures declined nearly 2% in early trade on Friday to their lowest in nearly a month, weighed down by weaker performing related edible oils.
KUALA LUMPUR: PublicInvest research is optimistic of longer-term prospects for CIMB Group Holdings Bhd's Jakarta arm, and maintained its outperform call on the group with an unchanged target price of RM6.50.
AllianceDBS Research is keeping a “buy” call on MMC Corp on the back of actively pursing the listing of its port business, MMC Ports as well as better earnings delivery.
KUALA LUMPUR: Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight U.S. soyoil prices and on forecasts of slower-than-expected declines in output.
TOKYO (April 25): Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp r...
TOKYO, April 25 — Asian shares slipped today as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-u...
KUALA LUMPUR: Genting Bhd and Petronas Dagangan helped the FBM KLCI eke out marginal gains early Thursday as investors looked towards institutional players to take the lead.
TOKYO: Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.
KUALA LUMPUR (April 25): AmBank Research said as expected, Malaysia’s headline inflation moved back into the positive region in March after staying in the deflationary zone for the past two consecut...
SEOUL, April 25 — South Korea's economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previo...
NEW YORK, April 24 — Emerging-market currencies fell today against a dollar strengthened by US economic data.
SHANGHAI, April 24 — Equity markets in Asia faltered today amid losses in South Korea and uncertainty over China's plans for further stimulus as the economy shows signs of regaining its footing.
KUALA LUMPUR: Kuala Lumpur recorded the highest inflation rate among the other states in the country in March at 0.9% from a year ago, compared with the national average of 0.2%.
PETALING JAYA (April 24): Boustead Plantations Bhd is looking to pare down its gearing ratio to 0.2 times by 2022, and achieve this target in part by selling plantation land close to urban areas.
KUALA LUMPUR (April 24): Malaysia's inflation rate, as measured by the Consumer Price Index (CPI), rose 0.2% in March 2019 to 121.1 from 120.9 in March 2018.
SHANGHAI, April 24 — Equity markets in Asia rose this morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated fro...
KUALA LUMPUR (April 24): CIMB Research has downgraded DiGi.Com Bhd to “Hold” at RM4.53 with a lower target price of RM4.40 (from RM4.80) and said DiGi’s 1Q19 EBITDA/core EPS fell 3.1%/5.1% quart...
KUALA LUMPUR (April 23): Yayasan Wilayah Persekutuan (YWP), the owner of the land near Taman Rimba Kiara on which a controversial development has been proposed has finally broken its silence to clear ...
LETTER | It is time to clear up the misconceptions and inaccurate reporting over the proposed development in Taman Rimba Kiara.
KUALA LUMPUR (April 23): Yayasan Wilayah Persekutuan (YWP), the owner of the land near Taman Rimba Kiara (pictured) on which a controversial development has been proposed has finally broken its silenc...