Ringgit opens easier vs US$, firmer vs major currencies
KUALA LUMPUR: The ringgit opened lower against the US dollar due to the strengthening of the US dollar index but rose…
Union at Samsung Electronics in South Korea to take strike action
SEOUL: Samsung Electronics' union in South Korea has declared it will start taking strike action, including advising members as an initial…
Australia inflation quickens to 5-month high, sounding rate alarm
SYDNEY: Australian consumer price inflation unexpectedly picked up to a five-month high in April due in part to increases in petrol,…
Bursa Malaysia slumps as US inflation report stokes rate fears
KUALA LUMPUR: The selling on Bursa Malaysia accelerated alongside declines across global markets as US consumer data sparked a surge…
China’s state banks step in to support as yuan weakens to six-month low, sources say
BEIJING/SHANGHAI: China's major state-owned banks were acquiring U.S. dollars in the offshore foreign exchange market before selling them in the…
Cyclone toll in India and Bangaldesh rises to 65
A powerful cyclone that smashed into low-lying Bangladesh and India killed at least 65 people, including in torrential rain storms…
Oil advances as major producers expected to keep output cuts in place
NEW DELHI: Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a…
BOJ policymaker hints at rate hike if yen’s impact on inflation is big
TOKYO/KUMAMOTO: The Bank of Japan may raise interest rates if sharp falls in the yen boost inflation or the public's…
FBM KLCI hits intraday low; Lagenda Properties dives on MACC probe
KUALA LUMPUR: The benchmark FBM KLCI settled in the negative territory on Wednesday while technology counters were in focus.