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Gold Futures Set To Trade Cautiously Next Week Amid Rising US Yields, West Asia Tensions

KUALA LUMPUR, May 23 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade cautiously next week as United States Treasury yields continue to rise significantly amid ongoing tensions in West Asia.

Bursa Malaysia Seen Trading With Slight Uptrend Next Week

KUALA LUMPUR, May 23 (Bernama) -- Bursa Malaysia is expected to trade with a slight uptrend next week following the recent market pullback as bargain-hunting activities and improved investor sentiment may provide support to selected heavyweights.

Gold Futures Close Lower On Stronger US Dollar, Fed Rate-hike Bets

KUALA LUMPUR, May 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance in the United States COMEX market as the US dollar strengthened on higher crude oil prices which raised expectations for interest rate hikes by the US Federal Reserve.

Sarawak Consolidated Industries Completes RM113 Mln Subsidiary Disposal

KUALA LUMPUR, May 22 (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB) has completed the disposal of its subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113 million.

Ringgit Ends Three-day Rally Against US Dollar Amid Geopolitical Concerns

By Harizah Hanim Mohamed

KUALA LUMPUR, May 22  (Bernama) -- The ringgit retreated against the US dollar on Friday, ending a three-day winning streak as investors focused on geopolitical tensions and the increasingly hawkish stance adopted by central banks globally.

Bursa Malaysia Opens Higher Amid Wall Street Gains, Positive Economic Data

KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia opened higher today, tracking Wall Street’s overnight gains as hopes grew for a resolution of the West Asia conflict, coupled with positive domestic economic data.

Ringgit Opens Higher Against Greenback, Major Currencies

KUALA LUMPUR, May 22 (Bernama) -- The ringgit opened firmer against the US dollar and major currencies on Friday, supported by easing geopolitical tensions in West Asia and Malaysia’s improving macroeconomic outlook.

Ringgit Closes Higher Against US Dollar, Regional Peers

By Abdul Hamid A Rahman

KUALA LUMPUR, May 21 (Bernama) -- The ringgit closed higher against the US dollar today, supported by Malaysia’s favourable domestic fundamentals.

DR Congo Football Team Cancel Training In Kinshasa Due To Ebola

KINSHASA, May 21 (dpa) -- Democratic Republic of Congo’s national football team has cancelled a World Cup preparation camp and a public farewell in the country’s capital of Kinshasa after a severe Ebola outbreak in the country.

Rubber Market Ends Lower On Regional Declines

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 21 (Bernama) -- The Kuala Lumpur rubber market ended lower on Thursday, weighed down by declines in the regional rubber futures markets and a stronger ringgit against the US dollar amid mixed developments surrounding the West Asia conflict, a dealer said.

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia opened higher on Thursday, tracking overnight gains on Wall Street amid optimism after the United States signalled that the conflict with Iran could end soon.

Ringgit Opens Firmer Against US Dollar On Easing West Asia Tensions

By K. Naveen Prabu

KUALA LUMPUR, May 21 (Bernama) -- The ringgit opened firmer against the US dollar on Thursday, supported by easing geopolitical tensions in West Asia.