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Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin and crypto have been catapulted into the spotlight as investors wager the incoming Trump administration will usher in a friendlier regulatory environment.
Mon Dec 16 2024
Euphoria all around as Bitcoin vaults above $100,000, stocks hit record highs

Euphoria all around as Bitcoin vaults above $100,000, stocks hit record highs

World stocks hits fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell.
Thu Dec 05 2024
Ringgit strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

Ringgit strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.
Wed Oct 09 2024
US rate cut, Malaysia's structural reforms and economic outlook fuelling ringgit recovery - BNM

US rate cut, Malaysia's structural reforms and economic outlook fuelling ringgit recovery - BNM

Datuk Seri Abdul Rasheed said Malaysia's positive economic outlook and structural reforms are also propelling the ringgit's rise.
Fri Sep 20 2024
Ringgit rebounds to open higher vs US dollar

Ringgit rebounds to open higher vs US dollar

US Federal Reserve chair Jerome Powell said the central bank will not wait until inflation hits two per cent to cut interest rates.
Tue Jul 16 2024
Bursa Malaysia starts firmer despite Wall Street's mixed performance

Bursa Malaysia starts firmer despite Wall Street's mixed performance

Investors focused on the US Federal Reserve's semi-annual testimony to assess the US economic growth and monetary policy paths.
Tue Jul 09 2024
Ringgit easier vs US dollar amid expectations of tight US monetary policy

Ringgit easier vs US dollar amid expectations of tight US monetary policy

A chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to move in a narrow range today.
Mon May 13 2024
Khazanah Nasional records better profit from operations of RM5.9 bln in FY2023

Khazanah Nasional records better profit from operations of RM5.9 bln in FY2023

Its stronger performance driven by higher dividends and distributions from investee companies, fair value gains and capital preservation.
Mon Mar 11 2024
Ringgit opens lower vs US dollar, stronger against other major currencies

Ringgit opens lower vs US dollar, stronger against other major currencies

The ringgit continued to open lower against the U.S. dollar amid higher-than-expected U.S. inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady.
Wed Feb 14 2024
Ringgit opens higher vs greenback amidst Fed's interest rate decision

Ringgit opens higher vs greenback amidst Fed's interest rate decision

The ringgit opened higher against the US dollar on Friday after the United States Federal Reserve decided to maintain its interest rate at 5.5 per cent.
Fri Feb 02 2024
US Fed leaves interest rates unchanged amid surging Treasury yields

US Fed leaves interest rates unchanged amid surging Treasury yields

The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 per cent, as yields on long-term US Treasury bonds have spiked in recent months, reported Xinhua.
Thu Nov 02 2023
US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

The Fed raised its benchmark interest rate by another 25 basis points despite a banking crisis causing turmoil in the US financial sector.
Thu Mar 23 2023
Asian shares subdued after Fed hints at rate pause

Asian shares subdued after Fed hints at rate pause

Asian shares inched higher after the Fed Reserve hinted it could pause interest rate hikes following turmoil in the banking sector.
Thu Mar 23 2023
Ringgit extends gains against greenback on expectation of slower US interest rate hike pace

Ringgit extends gains against greenback on expectation of slower US interest rate hike pace

The ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve downshift to a 25 basis points interest rate hike.
Mon Jan 16 2023
US Fed says higher interest rates will remain

US Fed says higher interest rates will remain

Higher interest rates will stay in place until the US Federal Reserve is confident that surging inflation is on a path toward stability, according to a Fed meeting summary released this week.
Fri Jan 06 2023
Sim: Malaysia's labour market faces significant challenges posed by three paradoxes

Sim: Malaysia's labour market faces significant challenges posed by three paradoxes

Steven Sim says the first paradox is the low median wage, which does not align with the country's low unemployment rate.
Mon Jan 20 2025
Mugshot, khaki uniform and solitary cell for South Korea's detained President Yoon

Mugshot, khaki uniform and solitary cell for South Korea's detained President Yoon

Here's some facts about the facility and what is expected to unfold for the former prosecutor-turned-president.
Mon Jan 20 2025
Trump says to repeal Biden's multiple executive orders within hours of inauguration

Trump says to repeal Biden's multiple executive orders within hours of inauguration

Trump says the executive orders he is about to sign includes border security, energy, federal government spending, TikTok, DEI programmes.
Mon Jan 20 2025
Trump's return adds new twist to Western firms' Russia exit dilemma

Trump's return adds new twist to Western firms' Russia exit dilemma

Donald Trump's mere arrival may give some companies the political cover to stay on in Russia.
Mon Jan 20 2025
Slim chance of Trump 2.0 reversing Biden's proposed AI chip export controls

Slim chance of Trump 2.0 reversing Biden's proposed AI chip export controls

Investment bank says it sees "little chance" for a complete overturn of that decision by the incoming Trump administration.
Mon Jan 20 2025
PM to lead ASEAN’s global voice at WEF 2025

PM to lead ASEAN’s global voice at WEF 2025

This will be Datuk Seri Anwar Ibrahim's first participation in WEF since assuming the role of Prime Minister.
Mon Jan 20 2025
Malaysia calls for ASEAN cybercrime task force to tackle rising digital threats - Ahmad Zahid

Malaysia calls for ASEAN cybercrime task force to tackle rising digital threats - Ahmad Zahid

Datuk Seri Dr Ahmad Zahid Hamidi says must implement AI-driven predictive policing and real-time urban surveillance.
Mon Jan 20 2025
Trump says he will quickly release JFK, Robert Kennedy, MLK assassination files

Trump says he will quickly release JFK, Robert Kennedy, MLK assassination files

Donald Trump did not specify which documents would be released, and he did not promise a blanket declassification.
Mon Jan 20 2025
Suspected Bangladeshi arrested in stabbing of Bollywood star Saif Ali Khan

Suspected Bangladeshi arrested in stabbing of Bollywood star Saif Ali Khan

Primary evidence suggests that the accused is a Bangladeshi citizen and after entering India illegally he changed his name, police says.
Mon Jan 20 2025
Floods: More victims in Sarawak, situation in Sabah unchanged

Floods: More victims in Sarawak, situation in Sabah unchanged

All the flood victims are residents of Rumah Tembawai Kapok, a longhouse in the Awik area of Saratok.
Mon Jan 20 2025