Malaysia’s ringgit rose to a one-week high and bonds rallied after weekend protests calling for the resignation of Prime Minister Najib Razak ended peacefully. An overnight surge in oil prices also... more
China's central bank plans to tighten rules on trading of currency forwards from October, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and volatility after... more
Gold rose for the first time in four days on signs that the U.S. Federal Reserve may hold off on raising interest rates. Funds backed by the metal saw the biggest increase in assets since January.... more
Oil advanced as Asian markets rallied while U.S. government data showed crude inventories unexpectedly shrank in the world’s biggest oil consumer. Futures rose as much as 2.5 percent in New York,... more
Bursa Malaysia extended its upside momentum at mid-day today buoyed by bullish external sentiment following the overnight rally on Wall Street, dealers said. At 12.30 pm, the FTSE Bursa Malaysia KLCI... more
Palm oil entered a bear market as a slowdown in the Chinese economy hurts demand for the commodity used in everything from chocolates to cosmetics and exacerbates a global glut. The benchmark futures... more
Iran, the world’s fifth largest crude producer, has set aside almost nothing for oil investments this year because of the drop in prices. Money put into the industry dropped from about $40 billion... more
The yen fell along with the Swiss franc as demand for haven assets waned after Asian stocks snapped their longest losing streak in almost a year. The yen weakened versus the dollar after a volatile... more
Shares on Bursa Malaysia extended higher at mid-day today boosted by positive external developments, dealers said. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.27 points higher at 1,... more
Crude at $40 a barrel is unsustainable and prices will have to rise as supply drops out of the market, according to Norway’s Oil Minister. “There has developed a surplus capacity on the production... more