[ KUALA LUMPUR: The ringgit ended the week on a better footing against the US dollar, likely due to the lower-than-expected first quarter US gross domestic product (GDP) data. At 6 pm, the ringgit improved to 4.7650/7710 against the greenback from Thursday’s close of 4.7745/7775. SPI Asset Management managing director Stephen Innes said the firmer … Read more
[ KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight. At 9 am, the ringgit eased slightly to 4.7770/7825 against the greenback from … 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
[ In a dazzling spectacle of intellect and insight, India’s leading Hindi news channel, News18 India, orchestrated its prestigious flagship summit, News18 India Chaupal, at ITC Maurya in Delhi on Monday. The eighth edition of this marquee initiative brought together a constellation of the nation’s luminaries, featuring thought leaders, policy strategists, news makers, industry … Read more
[ KUALA LUMPUR: The ringgit got an early Christmas gift and bounced against the US dollar on Friday as a downward revision of third-quarter US economic growth and Malaysia’s lowest inflation rate in almost three years lifted the local note. The jump against the greenback also came ahead of important US inflation data later tonight, … Read more
[ MUMBAI: The stock market bounced back on Thursday, supported by strong domestic buying initially and because of short covering during the closing trades. The sensex, after opening deep in the red following a 1,610-point slide from Wednesday’s high, recovered more than 1,000 points to an intraday high of 70,959 points and closed slightly off … Read more
