LONDON: A roller-coaster 2025 is entering its final weeks. The one-year anniversary of Donald Trump's victory in the U.S. presidential election arrives alongside key central bank decisions and earnings that could set the short-term tone for markets. Here's a look at the week ahead from Gregor Stuart Hunter in Singapore, Alden Bentley in New York and...
Gold prices moved past $4,100 to a record high on Tuesday on increased prospects of U.S. Federal Reserve rate cuts, while resurgent U.S.-China trade woes boosted safe-haven bets, including those for silver, which also scaled an all-time peak. Spot gold rose 0.2% to $4,117.72 per ounce at 0716 GMT, after hitting an all-time high of $4,179.48...
KUALA LUMPUR: The FBM KLCI opened lower and slipped below the key 1,600 level this morning, despite the U.S. Federal Reserve’s widely expected interest rate cut. The FBM KLCI fell 11.86 points, or 0.74%, to 1,599.84 at 9.11 am, after opening 4.84 points lower at 1,606.86, dragged down by PETRONAS-linked counters. Among the losers, Nestle slid 84...
The Taiwan dollar led Asian currency declines on Friday, logging a seventh straight session of losses and slipping to a more than three-month low, as foreign investors sold local stocks and the island's residents bought overseas bonds. The Taiwan dollar weakened 0.6% to 30.682 per U.S. dollar and is on track for its worst weekly percentage...
SYDNEY: Major stock indexes plunged in Asia on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting rates as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in...
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd’s research arm, MIDF Research, expects the ringgit to appreciate with an average rate of RM4.23 versus the US dollar this year. In a note today, MIDF Research said that, however, the strengthening in the local note is expected to be at a more gradual pace on the back of...
Bill Dudley, the former chief of the New York Fed, warned against holding Bitcoin as a reserve and urged a focus on regulation. Dudley criticized a proposed federal Bitcoin btc1.77%Bitcoin reserve championed by Donald Trump during his presidential campaign. In a Bloomberg op-ed, Dudley argued that the plan would fail to benefit most Americans and could destabilize the economy. Dudley acknowledged Bitcoin’s appeal as...
KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset. The company’s leadership explained that the move enhances financial resilience. KULR’s Bitcoin purchases will be influenced by market conditions and...
Bitcoin price is under the spotlight as markets anticipate a potential Federal Reserve rate cut that could drive fresh momentum. Notably, the CME FedWatch Tool has indicated a 74.5% possibility of a 0.25% rate cut by the Federal Reserve at its forthcoming Dec. 18 meeting. This comes after the 50 bps rate cut in September and 25 bps last month. If...
KUALA LUMPUR: Bursa Malaysia’s benchmark index rebounded on late buying to finish higher after falling into negative territory at midday amid dampened sentiment in the regional markets stemming from weaker United States (US) consumer confidence data. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.01 points, or 0.18 per cent, to settle at 1,673.38 compared with...
