Forex

Ringgit opens little changed against US$ on mixed global sentiment

KUALA LUMPUR: The ringgit opened nearly unchanged against the US dollar on Monday, as mixed global sentiment capped gains while investors assessed political developments and major currency moves.

Markets

FBM KLCI tracks strong Wall Street recovery

KUALA LUMPUR: The FBM KLCI rose strongly on Monday, tracking Wall Street's Friday bounce as fears over AI's disruptive impact on the tech sector eased.

Corporate News

Trading ideas: CIMB, Affin, WCT, Ireka, Midtown, AWC, Matang, AutoCount, Greentronics, Teladan, PLS, Sapura Industrial, IJM, Senheng, Bank Islam, GDB

KUALA LUMPUR: CIMB Group Holdings Bhd has deployed more than RM4.2bn within the Johor–Singapore Special Economic Zone to support customers and society through cross-border growth and SME expansion.

Forex

Yen slide deepens as Takaichi triumph in Japan election paves the way for more stimulus

SINGAPORE: The yen extended a string of recent losses in early Asian trading on Monday after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday's election, easing the path to further fiscal stimulus.

Corporate News

Tesla ramps up hiring to support Musk’s solar expansion

NEW YORK: Tesla is hiring to support founder Elon Musk's recently announced plan to become what would be the biggest US manufacturer of solar energy components, according to online posts by senior executives at the company.

Cryptocurrency

Bitcoin loses gains as crypto market volatility signals uncertainty

BITCOIN could drop further after wiping out all of its price gains since the election of US President Donald Trump as liquidity is expected to remain thin for the near future.

Commodities

If I were a rat in an oil palm estate

IF I were a rat in an oil palm estate, I would wake before dawn – long before your estate bell, your WhatsApp reminders, or your morning musters with kopi still too hot to drink.

Markets

Purbaya pushes back against rating warning

JAKARTA: Indonesia's Finance Minister Purbaya Yudhi Sadewa pushed back after Moody's Ratings lowered the outlook on the nation's credit rating to "negative" and triggered further selling of local stocks, bonds and the rupiah.

Markets

Bursa poised for selective bargain-hunting this week 

KUALA LUMPUR: Bursa Malaysia is expected to trade with selective bargain-hunting, even in the absence of oversold technical conditions, following three consecutive sessions of mild decline, says an economist.

Markets

China’s international standards conversion at 88.9%

BEIJING: China's market regulator said it accelerated efforts last year to align domestic rules with international standards, further energise business entities and promote fair competition, as part of a broader drive to support high-quality economic growth and a more unified national market.

Corporate News

Toyota Motor appoints CFO Kenta Kon as new CEO

TOKYO: Toyota Motor Corp appointed a lieutenant of Akio Toyoda as chief executive officer (CEO) in a surprise leadership reshuffle that signals the automotive scion's tightening control over his business empire and an intensifying push for profitability.

Commodities

Malaysia to remain reliable palm oil supplier to India 

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's commitment to remain a reliable supplier of sustainable palm oil to India.

Economy

Interim framework brings US, India closer to broader trade deal

WASHINGTON: The United States and India moved closer to a trade pact, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.

Economy

US$85mil Vietnamese industrial park breaks ground

HANOI: Construction of Phase 1 of the Hai Long Industrial Park (VSIP Nam Dinh) infrastructure project has officially begun last Friday.

Corporate News

India's investors eye earnings after trade clouds clear

MUMBAI: After two trade deals lifted a key overhang on Indian equities, investor attention is shifting back to the market's persistently weak earnings outlook.

Corporate News

Hubline committed to fleet renewal programme to improve efficiency

KUCHING: Hubline Bhd's ongoing yearly tug-and-barge fleet renewal and expansion programme will continue in 2026.

Economy

Bank of England risks job market to tame inflation

LONDON: The Bank of England (BoE) believes it has got on top of Britain's inflation problem. Now it runs the risk of a jobs crisis.

Corporate News

Capital A eyes HK listing, subsidiary spin-offs

PETALING JAYA: Maybank Investment Bank Research (Maybank IB) has maintained a "buy" call on Capital A Bhd, citing its various corporate exercises.

Economy

Overcapacity a concern for rubber glove sector

PETALING JAYA: The rubber glove sector is unlikely to see meaningful recovery despite improving utilisation rates, as persistent overcapacity and pricing pressure continue to weigh on the industry, says BIMB Research.

Forex

Ringgit likely to trade in tight range amid data wait

KUALA LUMPUR: The ringgit is expected to trade in a tight range, hovering around RM3.95 to RM3.96 this week, as the market anticipates more catalysts, including the upcoming US economic data.