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Ringgit opens easier as US dollar index strengthens

KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) gained 0.1 per cent to 104.153 points as traders betted on an early rate cut by the European Central Bank, strengthening the greenback. ....

United Kingdom , Kuala Lumpur , Mohd Afzanizam Abdul Rashid , Bank Muamalat Malaysia Bhd , European Central Bank , Muamalat Malaysia Bhd , Us Dollar ,

Myanmar's central bank to no longer set forex rates

Myanmar's central bank will no longer set exchange rates for foreign currencies and will allow banks and dealers to decide rates themselves, according to state media, in a rare easing of some of its tight forex controls. With Myanmar's economy in tatters after a 2021 coup and foreign reserves under pressur ....

Zaw Min Tun , Min Tun ,

Ringgit lower against US dollar for third consecutive day

KUALA LUMPUR: The ringgit ended lower against the US dollar for the third consecutive day despite signs that a weak labour market in the United States (US) could tilt the US Federal Reserve’s (Fed) monetary stance towards an easing bias. ....

United States , United Kingdom , Kuala Lumpur , Mohd Afzanizam Abdul Rashid , Mohd Afzanizam , Market Committee , Bank Muamalat Malaysia Bhd , Labor Turnover , Job Opening , Labor Turnover Survey , Muamalat Malaysia Bhd , Federal Open Market Committee , Job Opening Rate , Average Hourly Earnings , Us Dollar , Bank Muamalat ,

1st LD-Writethru: China's forex reserves up in November

China foreign exchange reserves came in at 3.1718 trillion U.S. dollars at the end of November, up from 3.1012 trillion dollars at the end of October,... ....

Administration Of Foreign Exchange , State Administration , Foreign Exchange , Forex Reserves , Regulator Said , Foreign Exchange , The Regulator ,

Belt and Road: Italy pulls out of flagship Chinese project

ROME Italy will pull out of China's flagship Belt and Road Initiative (BRI), the government has confirmed.Prime Minister Giorgia Meloni's administration notified Beijing that it would cease. ....

Ar Riya , Saudi Arabia , United States , Al Soulia , Giorgia Meloni , Eu Commission , Hind Al Soulia , Road Initiative , Minister Giorgia Meloni , Chinese President Xi Jinping , President Ursula , Gulf Daily News , Ubai News Website , Gulf News , Orld Muslim Prayer Timings , Ubai Labour News , Dubai Metro , Urj Dubai News , Haleej Times Online , Used Cars , Gold Rates , Ravel Info , Ubai Property , Ulf Newspaper , United Arab Emirates , Middle East ,