Petronas, Turkmenistan Strategic Partnership Opens New Chapter In Bilateral Economic, Energy Relations

From Sharifah Hunaini Syed Ismail

ASHGABAT (TURKMENISTAN), June 19 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim and Turkmenistan President Serdar Berdimuhamedov today witnessed the signing of a strategic partnership between Petronas and Turkmenistan authorities, marking a new chapter in economic and energy relations between the two countries.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia ended the morning trading session lower, weighed down by selling in heavyweight stocks, led by the financial services sector.

Bursa Malaysia Opens Lower On Profit-taking

KUALA LUMPUR, June 19 (Bernama) -- Bursa Malaysia opened lower on Friday as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street.

Ringgit Opens Higher Against US Dollar

KUALA LUMPUR, June 19 (Bernama) -- The ringgit opened higher against the US dollar today, recovering from yesterday's sharp decline amid cautious market sentiment following the US Federal Reserve's (Fed) latest policy decision.

ACE Market-bound RT Pastry's IPO Oversubscribed By 59.96 Times

KUALA LUMPUR, June 18 (Bernama) -- RT Pastry Holdings Bhd’s initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.

Gold Futures Close Lower As Hawkish Fed Lifts US Dollar

By K. Naveen Prabu

KUALA LUMPUR, June 18 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Thursday as a hawkish outlook by the United States Federal Reserve (Fed) boosted the US dollar and weighed on demand for the precious metal.

Ringgit Closes Lower Against Greenback On Fed Rate Hike Expectations

By K. Naveen Prabu

KUALA LUMPUR, June 18 (Bernama) -- The ringgit closed lower against the US dollar on Thursday as expectations of a possible US Federal Reserve (Fed) interest rate hike later this year boosted demand for the greenback.

Rubber Market Closes Mixed On Weaker Regional Futures, Lower Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, June 18 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Thursday, tracking losses in regional rubber futures markets and lower benchmark crude oil prices.

Sustained Buying Lifts Bursa Malaysia Higher At Midday

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia ended higher at midday, supported by continued buying interest in heavyweights, amid mixed regional market performance.

Bursa Malaysia Rises At Open Despite Wall Street Weakness

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia opened higher on Thursday, underpinned by buying in selected heavyweight stocks despite weaker overnight performance on Wall Street.

Ringgit Opens Easier Against US Dollar

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 18 (Bernama) -- The ringgit opened lower against the US dollar on Thursday as sentiment turned cautious after the US Federal Reserve (Fed) adopted a hawkish tone, driving US Treasury yields higher.

Interest Rate Normalisation In Japan Seen As Having Greater Impact On Asia Than Europe

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 17 (Bernama) -- The Bank of Japan’s (BOJ) ongoing policy normalisation is likely to have a greater impact on Asian financial markets than the European Central Bank’s (ECB) higher-for-longer interest rate stance.