My Sinchew/ Biz

Trump fear fans dollar rally as emerging markets sink

The dollar soared against high-yielding currencies and Asian emerging markets sank Friday on the prospect of higher US interest rates, with dealers betting Donald Trump's planned huge spending policies will fire inflation.


BNM: Too early to predict Trump's downside risks on Malaysian economy

It's too early to predict the possible downside risks to Malaysia's economy following Donald Trump's victory in the US presidential election, said Bank Negara Malaysia (BNM) Governor Datuk Muhammad Ibrahim.


BNM won't peg ringgit

Bank Negara will not peg the ringgit despite the recent volatility the currency has been facing due to the external environment.


Q3 GDP up 4.3%

Malaysia's economy expanded 4.3 per cent in the third quarter driven mainly by domestic consumption and net exports, Bank Negara Malaysia Governor Datuk Muhammad Ibrahim announced today.


Local markets tumble ahead of GDP report

According to the exchange rates by Xe.com, the ringgit touched a low of 4.53473 against the greenback this morning before recovering some of the losses.


Malaysia will be affected if TPP collapses: Mustapa

Malaysia may be affected if the Trans-Pacific Partnership (TPP) were to be discontinued following Donald Trump's victory in Tuesday's US presidential election.


Asia markets track global surge as Trump fears ease

Asian equities soared Thursday, joining a goldrush across world markets as the initial shock of Donald Trump's election win was replaced by hopes his plan to kickstart the US economy will succeed.


Global stocks rise on expectations of Clinton victory

Global equities markets gained more ground Tuesday on investor expectations that Hillary Clinton would clinch the US presidency after a raucous campaign that had seen stocks seesaw on political developments.


China replaces finance minister

China Monday replaced finance minister Lou Jiwei, state media reported, with some analysts predicting more fiscal stimulus in the world's second-largest economy.


Divided Fed to leave rates untouched as US vote looms

Despite some division in its ranks, the US Federal Reserve is expected to leave interest rates unchanged Wednesday as policymakers gathered in the shadow of the hotly contested presidential election.


 

Copyright © 2018 MCIL Multimedia Sdn Bhd (515740-D).
All rights reserved. Contact us : [email protected]