Market News & Events

NEW YORK (May 26): Wall Street ended higher Wednesday after the release of minutes from the Federal Reserve's latest monetary policy meeting, which showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.

NEW YORK (May 26): Global shares rose on Wednesday after notes from the U.S. Federal Reserve's early May meeting showed a strong likelihood that the world's most powerful central bank will approve two more half-percentage-point rate hikes in coming months.

KUALA LUMPUR (May 25): The ringgit strengthened against the Singapore dollar on Wednesday (May 25) after weakening past 3.2 against the Singapore dollar for the first time a day earlier when the exchange rate closed at 3.2060.

KUALA LUMPUR (May 25): Bursa Malaysia opened higher in the early trading session on Wednesday (May 25), buoyed by renewed buying interest, amid mixed sentiment on regional markets, dealers said.

KUALA LUMPUR (May 24): Bursa Malaysia was slightly higher in the early session on Tuesday (May 24), driven by mild buying interest after finishing in the red on Monday, in line with the weaker regional market sentiment, dealers said.

KUALA LUMPUR (May 24): Penang-based electronics manufacturing solutions provider Cnergenz Bhd made a firm debut on the ACE Market of Bursa Malaysia on Tuesday (May 24), emerging as one of the most actively traded stocks on the local bourse.

KUALA LUMPUR (May 24): The ringgit opened slightly lower against the US dollar on Tuesday (May 24) as sentiment for the greenback strengthened in tandem with positive developments for the equity market in the US, an analyst said. 

HONG KONG (May 23): Asian stocks weakened on Monday as investors worried inflation and rising interest rates would hamper the global economic outlook and China's Covid-19 situation weighed on sentiment, with tech firms particularly hit.

KUALA LUMPUR (May 23): The ringgit opened unchanged against the US dollar amid the Cabinet meeting on Monday (May 23) to discuss cost of living and food supply issues, said an analyst.