Ringgit continues decline against US dollar
KUALA LUMPUR, Aug 14 — The ringgit opened lower against the US dollar today as foreign banks continued to offload the local note, a currency trader said.
At 9.20am, the ringgit was quoted at 4.0360/0430 against the greenback from 4.0080/0130 at…
KL shares up slightly at opening
KUALA LUMPUR, Aug 14 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street’s overnight performance, said a dealer.
At 9.10am, the index was 3.44 points better at 1,625.06, after opening…
Asian stocks head for fourth weekly fall after yuan devalues
TOKYO, Aug 14 — Asian stocks headed for a fourth weekly decline as investors weighed the impact of China’s devaluation and the timing of a US interest rate increase.
The MSCI Asia Pacific Index fell less than 0.1 per cent to 138.35 as of 9.08am…
Wall Street ex-trader swaps arbitrage for AirAsia’s ambitions
KUALA LUMPUR, Aug 14 — Aireen Omar juggled numbers as an arbitrage trader on Wall Street more than a decade ago.
Now, as chief executive officer of Malaysia’s low-cost carrier AirAsia Berhad, her juggling act extends beyond figures.
She’s…
Worst of yuan rout over as China in control, Nomura says
BEIJING, Aug 14 — The biggest selloff in China’s yuan in two decades inevitably evoked the memory of the Asian crisis during the late 1990s.
Such a comparison is unwarranted as China has enough firepower to control its currency market, according…
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