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KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Wednesday, supported by a weaker US Dollar Index (DXY) as investors reassessed the outlook for US interest rates following signals that the Federal Reserve may adopt a less aggressive monetary policy stance.
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Wednesday, supported by a weaker US Dollar Index (DXY) as investors reassessed the outlook for US interest rates following signals that the Federal Reserve may adopt a less aggressive monetary policy stance.
KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have warned the public against deepfake videos impersonating their senior officers to promote private investment schemes and financial products.
NEW YORK: Gold prices edged lower on Tuesday, while investors awaited key US inflation data and remarks from the Federal Reserve chair due later this week to gauge the outlook on monetary policy.
NEW YORK: Wall Street stocks were mostly lower at the end of a choppy session Tuesday, digesting solid results from US banks and a pullback in Asian markets prompted by worries over the AI investment boom.
LONDON/SINGAPORE: Oil prices were mixed on Tuesday as hopes the US-Russia diesel deal could free up more supplies from Moscow offset attacks in Saudi Arabia and Yemen that could result in additional supply disruptions.
KUALA LUMPUR: Malaysia must turn European investments into a catalyst for technology transfer, skilled job creation and stronger local industries as it seeks to move up the global value chain amid intensifying US-China competition, economists said.
The government has effectively firmed up the national grid system access charge (SAC) for third parties at 18 sen per kilowatt-hour (kWh), sources told The Edge, in an about-turn less than a month after announcing a cut in the rate to 14 sen/kWh.