[ BEIJING/NEW DELHI: Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as 98 cents, or … Read more
[ SINGAPORE: Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 … Read more
[ KUALA LUMPUR: The ringgit lost ground slightly against the US dollar as the market awaits more macro data releases this week, including the US advance gross domestic product (GDP) for the first quarter and March Personal Consumption Expenditures (PCE) data to gauge the future interest rate outlook. The S&P Flash US Services and Manufacturing … Read more
[ TOKYO: Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Gold and the safe-haven dollar eased back from near their peaks, and crude oil prices declined as the potential for a major supply disruption waned. Iran … Read more
[ KUALA LUMPUR: The ringgit traded lower against the US dollar in early trade on Monday amid the ongoing Middle East tension that has kept crude oil prices elevated, resulting in further challenges for central banks to meet their inflation goal this year that would result in a higher for longer interest rate environment, especially … Read more
[ Emerging Asian equities and currencies were sharply lower on Friday as reports Israel attacked Iran in an escalation of tensions in the Middle East led investors to flee to safe-haven assets, including the U.S. dollar. South Korea’s won fell 0.7% against the dollar by 0634 GMT, leading regional declines. The Indonesian rupiah depreciated as … Read more
[ The UK Government has ruled out any attempt to revive the Iran nuclear deal in light of Tehran’s growing aggression towards Israel and other neighbours. Iranian generals warned on Thursday that they may step up their attempts to build a nuclear weapon if Israel continues to threaten strikes on the sites where they are … Read more
[ The yearly average of rainfall hit Dubai in just one day, in a record weather event which left its airport incapacitated by flooded runways. On Tuesday, the UAE witnessed a record rainfall of 254mm in less than 24 hours, with more than 120mm in Dubai, the most since data collection began in 1949. Dubai … Read more
[ KUALA LUMPUR: The ringgit continued its downtrend today to end lower against the greenback due to continued positive sentiment for the US dollar, which was bolstered by strong United States retail sales data in March amid concerns over the Middle East tension, said an analyst. At 6 pm, the ringgit fell to 4.7945/7970 against … Read more
[ KUALA LUMPUR: The Higher Education Ministry will be discussing with the relevant parties for any further actions following the conflict in the Middle East, including considering the repatriation of Malaysian students from the countries involved. In a statement on Monday (April 15), the Higher Education Ministry said based on current records there are 1,872 … Read more
