Thu02232017

LAST_UPDATEWed, 22 Feb 2017 11pm

Ringgit To Stay Under Pressure Next Week

KUALA LUMPUR: The ringgit is expected to remain under pressure next week and may hit the 4.50-level against the US dollar on continued foreign fund outflows from the emerging markets, said a dealer.

Read more: Ringgit To Stay Under Pressure Next Week

Malaysia, Thailand, Indonesia Sign Mous On Local Currency Settlement Framework

BANGKOK: Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand Friday concluded the signing of two bilateral Memoranda of Understanding (MoUs) on using local currencies for trade, a key milestone in regional central banking cooperation, Thai News Agency (TNA) reported.

Read more: Malaysia, Thailand, Indonesia Sign Mous On Local Currency Settlement Framework

Halliburton Shareholder Class Action To Settle For $100 Million

Halliburton Co (HAL.N) on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court.

Read more: Halliburton Shareholder Class Action To Settle For $100 Million

Amazon Starts Flexing Muscle In New Space: Air Cargo

A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season.

Read more: Amazon Starts Flexing Muscle In New Space: Air Cargo

China's War On Smog Sends Shivers Across Commodities Sector

Pic: ReutersBEIJING: China's crackdown on exhaust-spewing factories that shut or slashed output this week at sites including steel mills, textile and cement factories and coal-fired power plants will ripple across major bulk commodity markets into 2017.

Read more: China's War On Smog Sends Shivers Across Commodities Sector

Bank Negara To Work Closer With Regional Central Banks

KUALA LUMPUR: Bank Negara Malaysia (BNM) aims to deepen cooperation with regional central banks to further unlock the region's growth potential and support a stronger, more resilient economic community.

Read more: Bank Negara To Work Closer With Regional Central Banks

How Deutsche's Big Bet On Wall Street Turned Toxic

Pic: ReutersFRANKFURT: Deutsche Bank's pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the extent of its decline since 2008 when its then chief executive claimed it was one of the "strongest banks in the world".

Read more: How Deutsche's Big Bet On Wall Street Turned Toxic

BNM, Bank Indonesia & Bank Of Thailand Ink MoUs On Local Currency Settlement Framework

KUALA LUMPUR: In a move to further strengthen regional central banking cooperation, Bank Negara Malaysia (BNM), Bank Indonesia and the Bank of Thailand today signed two bilateral Memoranda of Understanding (MoUs) on local currency settlement framework.

Read more: BNM, Bank Indonesia & Bank Of Thailand Ink MoUs On Local Currency Settlement Framework

Oil Slips Below $55 As Dollar, Libyan Production Boost Weigh

Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other producers.

Read more: Oil Slips Below $55 As Dollar, Libyan Production Boost Weigh

EPF To Open 10 More RAS Offices Next Year

BANGI: The Employees Provident Fund (EPF) will open 10 more new Retirement Advisory Service (RAS) offices nationwide next year in its bid to extend such services to the public.

Read more: EPF To Open 10 More RAS Offices Next Year