Posted by irwan > 2016-10-04 10:48 | Report Abuse

Quek look retired....

Posted by wloo007 > 2016-12-16 22:54 |

Post removed.Why?

Posted by curious2 > 2016-12-30 04:13 | Report Abuse

Why profit drop share price can jump? What Golden Rule apply here?
http://klse.i3investor.com/servlets/stk/fin/5819.jsp

Posted by smartInvestor1 > 2017-01-22 15:21 | Report Abuse

growing like stable turtle

Posted by albertwarrior > 2017-03-14 10:25 |

Post removed.Why?

Posted by Pohsee > 2017-03-16 14:48 | Report Abuse

Don't worry it's a wind dragon, OK. :)

Posted by face > 2017-03-27 10:10 | Report Abuse

Tan sri qeuk

Posted by masterus > 2017-03-27 11:18 | Report Abuse

psiptek want to goreng now.

Posted by mikee > 2017-03-28 02:16 | Report Abuse

one have to imagined that this USD$50 billion or at least initial $10 billion from all e-trades permits approvals generate from DFTZ/Alibaba when start in 2018 or early 2019 is COMPULSORY/MUST pass tru DNEX (4456) e-services software platform tat currently been authorized by Gov to integrates with most gov agencies to get each items/goods pass on from shippers to consumers.
Just 1 segment from IT can rake up 1000% folds profits, haven't count others segments like O&G, Hydro Energy, Foreign Workers Permit, VEP and RFID profits.

go and read mind boggling good revelation about DNEX (4456) from Cruz......
https://klse.i3investor.com/blogs/kianweiaritcles/119083.jsp

Posted by albertwarrior > 2017-04-17 09:58 | Report Abuse

Psiptek rise from last week 0.17 to 0.20. Today highest 0.215.https://klse.i3investor.com/blogs/stockalliance/120744.jsp

Posted by albertwarrior > 2017-04-18 16:37 | Report Abuse

NEWS | Apr 17, 15:08 GMT
USD/CHF nears parity as US Dollar Index moves below 100
By Eren Sengezer
As the US Dollar Index continues to move lower in the NA session, the USD/CHF pair accelerates its bearish momentum towards the significant parity level. At the moment, the pair is down 0.35% at 1.0015.

The bearish momentum seems to be fueled mainly by the increasing selling pressure around the greenback. Today's macro data from the U.S. came in below expectations but the traders, coming back from a long weekend, might have been getting rid of their long USD positions because of Friday's data. On Friday, the consumer inflation in the United States recorded a drop after rising for thirteen straight months.

The weak inflation seems to have taken a toll on June rate hike expectations. The CME Group FedWatch shows the probability of a June rate hike now at 46.5%, which has been moving above 60% last week. The USD Dollar Index is down 0.57% on the day at 99.92.

Technical outlook

With a break below 1.0000 (psychological level), the pair could extend the fall towards 0.9970 (200-DMA) and 0.9920 (Mar. 21 low). On the upside, resistances are aligned at 1.0060 (100-DMA), 1.0100 (psychological level/Apr. 10 high) and 1.0160 (Mar. 9 high).

Posted by albertwarrior > 2017-04-20 12:21 | Report Abuse

Us dollar index 99.76

Posted by worldbaba > 2017-06-13 15:22 | Report Abuse

Time to buy ambank

Posted by masterus > 2017-06-14 07:46 | Report Abuse

FRANKFURT: The European Central Bank (ECB) said Tuesday it had exchanged part of its US dollar reserves for Chinese yuan for the first time, in a sign of the growing global importance of Beijing’s currency.

The Frankfurt institution “completed an investment equivalent to 500 million euros (RM2.4bil) of the ECB’s foreign reserves in Chinese renminbi (CNY) during the first half of 2017,” it said in a statement.

Justifying its decision, the ECB said that “the use of CNY as a global international currency has increased in recent years,” being declared a freely-usable currency by the IMF in 2015.

”The ECB’s investment also reflects the importance of China as one of the euro area’s largest trading partners,” it added.

Its purchase of the Chinese cash was paid for with “a small portion of its US dollar holdings, which remain the largest portfolio,” it added.

The ECB’s foreign reserves, held in US dollars, Japanese yen, Chinese renminbi, and International Monetary Fund Special Drawing Rights (SDRs), remained at the same overall size.

Figures released last month showed that the ECB’s official reserves stood at over 68 billion euros at the end of April, including 47.7 billion euros in foreign currencies and 18.8 billion euros in gold.

The ECB only publishes figures on its holdings of individual currencies in its annual report at the end of each year.

In December 2016, the central bank held US$46.8bil in US dollars (41.7 billion euros), and 1.1 trillion Japanese yen (8.8 billion euros). - AFP

Posted by masterus > 2017-06-14 17:28 | Report Abuse

In rare feud, Singapore PM Lee under attack by his siblings
The younger siblings of Singaporean Prime Minister Lee Hsien Loong have accused him of abusing power in a public statement.
The PM, currently on leave, has denied the allegations.
Nyshka Chandran | @nyshkac
4 Hours Ago
CNBC.com
73
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A rare feud between Singaporean Prime Minister Lee Hsien Loong and his siblings has publicized the deep divisions weighing on the island-nation's first family.

In an explosive statement on Wednesday, Lee Wei Ling and Lee Hsien Yang — the PM's younger sister and brother, respectively — accused their elder brother of abusing power and exploiting their father's legacy for political gain.

The city-state's first PM and father to all three siblings, Lee Kuan Yew (LKY) passed away in March 2015.

Prime Minister Lee Hsien Loong of Singapore
Getty Images
Prime Minister Lee Hsien Loong of Singapore
"Since the passing of LKY, we have felt threatened by Hsien Loong's misuse of his position and influence over the Singapore government and its agencies to drive his personal agenda," Wei Ling and Hsien Yang said.

Wei Ling has long been a vocal critic of PM Lee — last year, she denounced him for using LKY's one-year death anniversary as a political tool in a series of Facebook posts — but Hsien Yang, chairman of the country's Civil Aviation Authority, has steered clear of public family spats until now.

In their statement, widely carried on social media and local newspaper the Straits Times, the siblings expressed fear that state organs would be used against them. Hsien Yang said he was leaving Singapore, citing the PM as the sole reason for his departure.

"If Hsien Loong is prepared to act thus against us, both contributing members of Singapore's establishment, to advance his personal agenda, we worry for Singapore."

Instead of demolishing LKY's house as the former leader desired, the PM has sought to make the residence his personal home — a move that would enhance his political capital, the siblings continued.

The PM and his wife Ho Ching — CEO of Temasek Holdings, Singapore's $196 billion sovereign wealth fund — also harbored political ambitions for their son Li Hongyi, the statement said.

19% Singapore workers fear losing jobs to automation: Survey

Posted by masterus > 2017-06-15 10:42 | Report Abuse

US dollar hit after inflation, retail sales data disappoint

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YESTERDAY by: Adam Samson
The US dollar came under pressure on Wednesday morning after two key economic reports missed Wall Street expectations.

Consumer prices grew at a year-on-year rate of 1.9 per cent in May, the labour department said, down sharply from the 2.2 per cent rate the previous month and missing estimates of 2 per cent. The core gauge, which excludes food and energy prices, was up 1.7 per cent on the same basis, compared with expectations that the rate would hold steady at 1.9 per cent.

Meanwhile, retail sales dropped 0.3 per cent, according to the commerce department, badly missing estimates that it would hold steady. Excluding the volatile autos component, sales were down by the same margin, versus expectations of a 0.1 per cent pick-up .


The data come just hours before the Federal Reserve releases its latest policy decision. Analysts expect the central bank to raise rates for the second time this year.

The euro jumped 0.4 per cent on the dollar after the news, with the pound up 0.2 per cent. The buck was off by 0.4 per cent against the Japanese yen.

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Posted by masterus > 2017-06-15 12:13 | Report Abuse

Chinese yuan strengthens to 6.7852 against USD Thursday
Source: Xinhua| 2017-06-15 09:47:51|Editor: Mengjie

BEIJING, June 15 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 87 basis points to 6.7852 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Posted by masterus > 2017-06-22 13:13 | Report Abuse

The US Dollar continued to slide against the Japanese Yen Thursday despite a lack of obvious catalysts and, indeed, a rather “dovish” speech form the Bank of Japan’s Deputy Governor Kikuo Iwata.

There was nothing new in his comments to business leaders. He reminded them, as if they needed it, that the inflation outlook remains skewed to the downside and that, in his view, the BoJ must carry on with its “powerful” monetary easing. He noted that inflation remains low despite record corporate profits and a domestic labor market near full employment.

Consumer prices were rising at an annual 0.4% in Japan at last official look, clearly way below the 2% target, which hasn’t been neared since 2015.

Still, at the very least this sort of commentary underlines the fact that the central bank is nowhere near considering any exit from its extraordinary levels of monetary accommodation. It has been under pressure to explain how it would unwind some of its stimulus as the bonds bought in the name of that program have seen the BoJ’s balance sheet surpass the Gross Domestic Product of Japan.

Nevertheless USD/JPY faded further as the Asian session went along. The greenback made three-week highs on Tuesday but has retreated gradually since

.

Posted by masterus > 2017-06-22 16:27 | Report Abuse

(File pix) Ringgit appreciated against the Singapore dollar to 3.0838/0878 from Wednesday’s close of 3.0843/0869 and strengthened against the yen to 3.8532/8582 from 3.8574/8608 yesterday. Reuters Photo
By Bernama - June 22, 2017 @ 10:18am
KUALA LUMPUR: The ringgit opened higher against the US dollar today on mild buying, dealers said.

At 9 am, the local unit stood at 4.2840/2880 against the greenback from 4.2860/2890 on Wednesday.

A dealer said the market sentiment was lifted by better economic data from the Department of Statistics which showed that inflation in May rose 3.3 per cent year-on-year as compared to 4.4 per cent in April.

The ringgit, however, was traded mixed against a basket of major currencies.

It appreciated against the Singapore dollar to 3.0838/0878 from Wednesday’s close of 3.0843/0869 and strengthened against the yen to 3.8532/8582 from 3.8574/8608 yesterday.

The local unit eased against the British pound to 5.4283/4342 from 5.4085/4131 yesterday and edged down against the euro to 4.7818/7871 from 4.7759/7809 on Wednesday. -- Bernama

Posted by masterus > 2017-06-26 13:03 | Report Abuse

[TOKYO] The US dollar sagged against its major peers on Monday, losing traction as US Treasury yields stayed low amid fading expectations that the Federal Reserve to hike interest rates again later this year.

The US dollar index against a basket of six major currencies was a fraction lower at 97.239, adding to Friday's losses when it fell 0.4 per cent.

The index had climbed to a one-month peak of 97.871 earlier last week, supported by expectations that the Fed, fresh from a mid-June rate hike, would tighten policy again as early as September.

Posted by masterus > 2017-06-26 13:08 | Report Abuse

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Business Insider

MONEY & MARKETS
The US dollar is falling out of favour with traders even with the Fed continuing to hike rates

DAVID SCUTT
JUN 26, 2017, 9:25 AM


Photo: Scott Halleran/Getty Images
The US dollar is falling out of favour with currency traders, even with the US Federal Reserve continuing to lift interest rates.

According to data released by the US Commodity Futures Trading Commission on Friday, net long speculative positioning in the greenback fell for a fifth consecutive week in late June, leaving it sitting at the lowest levels since September last year.

“Dollar selling was mostly broad-based except against the EUR,” said Khoon Goh and Rini Sen, strategists at ANZ Bank.

Goh and Sen said net long USD positions were reduced by $US2.5 billion to $US6.7 billion, while net long positioning in the ICE US Dollar Index fell by $US2.2 billion to $US5.5 billion, leaving it sitting at a three-year low.

The US dollar index has lost 6.3% from the multi-year high of 103.82 struck on January 3, undermined by doubts over the ability of the Trump administration to deliver wide-ranging tax reforms.

As seen in the chart below, those doubts, leading to sharply lower US treasury yields, has seen long US dollar positioning among speculators fall sharply.

Posted by masterus > 2017-06-28 11:16 | Report Abuse

US dollar dives, stocks tumble on Draghi comments, US healthcare vote delay
US dollars being counted at a bank.
US dollars being counted at a bank.PHOTO: REUTERS
PUBLISHED3 HOURS AGOUPDATED3 HOURS AGO
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NEW YORK (REUTERS, BLOOMBERG) - The US dollar slid to 10-month lows against the euro on Tuesday (June 27) after the head of the European Central Bank opened the door to steps that might begin to reduce the central bank's stimulus and after a vote on healthcare legislation was delayed in the United States.

Speaking to a conference in Portugal, ECB President Mario Draghi said the ECB could adjust its policy tools of sub-zero interest rates and massive bond purchases as economic prospects improve in Europe. The euro rose about 1.5 per cent, its biggest daily percentage gain against the dollar in more than a year.

But any change in the bank's stance should be gradual, as"considerable" monetary support is still needed and the rebound in inflation will also depend on favorable global financing conditions, he added.

Posted by masterus > 2017-06-28 11:24 | Report Abuse

NEWS | Jun 27, 19:30 GMT
US Dollar Index drops sharply, eyes lowest close since October
By Matías Salord
The USD continued to slide during the American session, despite the rise in US bond yields. The rally in EUR/USD led the decline of the greenback in the market, that during the last hours it even trimmed gains versus the yen and emerging market currencies.

The DXY dropped to 96.00, reaching the lowest intraday level in a week and is headed toward the lowest daily close since October.

Not even Federal Reserve official’s comments, about another rate hike and temporary weakness in inflation, stopped the slide in the value of the greenback. It accelerated the decline after falling below the relevant short-term support seen around 96.50 and resumed the long-term bearish move, that started in January from multi-year highs.

Posted by Tan Issac > 2017-06-28 14:10 | Report Abuse

bonus issue on the way, buy now and keep

Posted by masterus > 2017-06-29 09:09 | Report Abuse

The Ringgit Is Easily Asia's Strongest Currency
By Y-Sing Liau and En Han Choong
June 29, 2017, 6:00 AM GMT+8
Samsung Asset buys banks, construction stocks before election
Benchmark index soared to a two-year high as earnings improved
Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

Posted by masterus > 2017-06-29 09:12 | Report Abuse

Psiptek nta 0.59. Market price 0.165.

Posted by masterus > 2017-06-30 07:14 | Report Abuse

Investing.com -

Investing.com - The dollar remained on the downside against the other major currencies on Thursday, as the release of upbeat U.S. economic growth data failed to boost demand for the greenback.

EUR/USD was up 0.33% at a one-year high of 1.1415.


Official data showed that U.S. gross domestic product rose 1.4% in the first quarter, revised up from the previous reading of a 1.2% expansion. Analysts had expected growth to remain unchanged from the prior revision.

Posted by masterus > 2017-06-30 07:17 | Report Abuse

The U.S. dollar dropped to a 12-month low against the euro and weakened against the pound on the prospect for shifts in monetary policy at both the European Central Bank and the Bank of England.

The ICE Dollar Index DXY, -0.50% a measure of the currency against a basket of six major rivals, was down less than 0.4% to 95.62, falling for a third straight session to a nine-month low. The WSJ Dollar Index BUXX, -0.04% which gauges the greenback against a wider basket of currencies, fell 0.3% to 87.74.


The euro and the pound on Thursday were building on notable moves made this week, during which the European Central Bank hosted central-bank governors and others at a forum in Sintra, Portugal.

On Thursday, the euro also got support from preliminary inflation figures in Germany, which showed consumer prices are expected to rise at an annualized 1.6% in June, from 1.5% in May. European Commission’s economic-condition sentiment indicator also came in better than expected.

“We may be seeing a change in the positioning of the U.S., U.K. and Europe as to who will be tightening and when. The Fed seems close to concluding all they can do for the dollar this year, with only one more rate hike on the cards, which traders now think will come in September or December,” said Konstantinos Anthis, a researcher at ADS Securities.

The euro EURUSD, -0.0087%  bought $1.1429, trading above $1.14 for the first time in more than a year. That is the highest level in 12 months. Late Wednesday, the shared currency was at $1.1379.

The pound GBPUSD, +0.0077%  hit an intraday high of $1.13008, its best level since late May. Late Thursday, it changed hands at $1.2991, up from $1.2927 on Wednesday.

The euro “is benefiting from market’s expectations that the ECB has started thinking about reducing their stimulus in light of the improving conditions in the eurozone. And, in the U.K., the Bank of England joins the club of banks turning hawkish after Governor [Mark] Carney suggested yesterday that there’s a limit to the BOE’s tolerance for above-target inflation,” wrote Anthis.

Posted by masterus > 2017-06-30 12:59 | Report Abuse

KUALA LUMPUR, June 29 (Xinhua) -- BMI Research, a Fitch group company, upgraded Malaysian ringgit forecast for these two years on Thursday after it sees some stability in Chinese yuan.
"A more stable yuan will be positive for the ringgit given that China is one of Malaysia's largest trade partners," said BMI Research in a report.
The yuan and the ringgit have continued to move in the same direction, said the research house, adding that it believes that a stable yuan reduces tail risks facing the ringgit, as significant yuan weakness would likely impose downward pressure on the ringgit.
The research house said it has upgraded yuan forecast and has also forecast that the ringgit could hit 4.200 against U.S. dollar in 2017 and it could hit 4.100 against U.S. dollar in 2018 from 4.350 and 4.200 respectively, to reflect the ringgit's stronger-than-expected performance thus far.

Posted by masterus > 2017-07-03 14:50 | Report Abuse

Crude oil prices rise on first drop in US drilling activity

REUTERS
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SINGAPORE, JULY 3:
Oil prices rose on Monday, lifted by the first fall in US drilling activity in months, although the gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures climbed 16 cents or 0.3 per cent to $48.93 per barrel by 0248 GMT, after jumping 5.2 per cent last week, its first weekly gain in six weeks.

US West Texas Intermediate (WTI) crude futures rose 24 cents or 0.5 per cent to $46.28 per barrel, adding to last week's 7 per cent gain.

Posted by masterus > 2017-07-03 15:06 | Report Abuse

KUALA LUMPUR: The ringgit opened higher today due to bearish sentiment for the US dollar after the release of its first-quarter gross domestic product (GDP) data last week, a dealer said.

At 9am, the ringgit was traded at 4.2900/2970 against the greenback from 4.2920/2950 on Friday.

The dealer said at the beginning of this year, the Donald Trump-fuelled US dollar rally left the currency vulnerable to heavy losses and after six months, the greenback still lacks “attitude.”

The US also released better-than-expected GDP data last week which showed that the US economy advanced 1.4 per cent. Corporate profits, however, declined despite the upbeat data. Overall, investors remained focus on the central banks’ intentions to tighten monetary policies.

Against a basket of major currencies, the ringgit was traded mixed. It rose against the Singapore dollar to 3.1155/1210 from 3.1181/1220 on Friday, and strengthened against the yen to 3.8194/8267 from 3.8328/8365. It fell against the British pound to 5.5787/5904 from 5.5757/5801, and eased slightly against the euro to 4.8970/9055 from 4.8963/8015 on Friday. – BERNAMA

Posted by Apollo Ang > 2017-07-04 15:38 | Report Abuse

if collapse hang seng down 3900pts not 390pts, please don't misled people

Posted by Apollo Ang > 2017-07-04 21:19 | Report Abuse

some market 10% pause....I don't think 5%....remember dow jones flash crash 1000 pts just a few years ago?

Posted by Apollo Ang > 2017-07-04 21:21 | Report Abuse

u mean easier not collapse is it?

Posted by masterus > 2017-07-06 13:48 | Report Abuse

KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

Posted by masterus > 2017-07-09 14:45 | Report Abuse

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

Posted by masterus > 2017-07-09 22:56 | Report Abuse

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Posted by masterus > 2017-07-12 13:14 | Report Abuse

US dollar pressured by Trump Jr emails, focus on Yellen testimony
Wednesday, July 12, 2017 - 09:11

2017-05-17T023921Z_1426918253_RC14402E6220_RTRMADP_3_GLOBAL-MARKETS.JPG The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign. PHOTO: REUTERS
[TOKYO] The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Ms Yellen will give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for or clues on when the Fed will start reducing its massive balance sheet.

The US dollar index, which measures the US currency against a basket of six major rivals, was slightly lower on the day at 95.641.

Against its Japanese counterpart, the US dollar slipped 0.2 per cent to 113.675 yen, moving away from a four-month high of 114.495 yen marked on Tuesday.

Posted by masterus > 2017-07-12 13:15 | Report Abuse

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
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U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.

Posted by masterus > 2017-07-12 22:56 | Report Abuse

Oil rally eases as data show big drop in US crude stockpiles, rise in production
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels.
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day.
OPEC said its oil output rose by 393,000 barrels per day in June, led by a rebound in Nigeria and Libya.

Posted by masterus > 2017-07-14 07:25 | Report Abuse

Oil Prices Could Head Back Over $50 Before Year End
Jul. 13, 2017 1:55 PM ET| Includes: USO

HiddenValueInvestor
Long only, value

(916 followers)
Summary

Growing U.S. petroleum exports could balance U.S. oil supply and demand more quickly than the market expects.
Oil and fuel storage in the U.S. could return to the middle of the range of the five-year-average based on the growth in exports.
The easiest and most direct way for investors to participate in a near-term rise in oil prices is to buy shares in the United States Oil Fund on the stock-market.
A surge in exports of oil and finished petroleum products could send West Texas Intermediate crude oil prices back over $50 per barrel before the end of the year. A recent New York Times article highlighted the new oil export terminal in Corpus Christi, Texas. According to the paper, "Suddenly buyers from all over the world are purchasing the new American supplies, from South Korea to India - even oil-rich Venezuela, which uses the light sweet crude that comes out of American shale to blend with its gooey heavy crude. The light crude is highly prized even while global oil markets are saturated."

Posted by masterus > 2017-07-15 16:01 | Report Abuse

S&P 500 2,459 +11.44 +0.47%
Home Markets U.S. & Canada Futures Movers
Oil ends higher to tally a gain of more than 5% for the week
By Myra P. Saefong and Sara Sjolin
Published: July 14, 2017 3:06 p.m. ET

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8

Nigeria supply setback, higher crude demand forecast lift prices
Getty Images
Oil scored a weekly gain of more than 5% on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks.

August West Texas Intermediate crude CLQ7, +1.30% rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange. It rose roughly 5.2% for the week and settled at its highest since July 3, according to FactSet data. September Brent crude LCOU7, +1.38% on London’s ICE Futures exchange climbed 49 cents, or 1%, to $48.91 a barrel, with prices up about 4.7% from a week ago.

Posted by masterus > 2017-07-15 16:04 | Report Abuse

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US Dollar Add to myFT
US dollar hits lowest point in nearly 10 months

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13 HOURS AGO by: Jessica Dye
The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017.

The dollar index — which measures the greenback against a basket of peer currencies — has declined 0.6 per cent on Friday, taking it to 95.15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27.

The weak reports have thrown into question whether policymakers at the Federal Reserve have been right to see other soft economic data since the start of the year as “transitory”, justifying their decision to forge ahead, for now, on a planned course of interest-rate increases in 2017.

Posted by masterus > 2017-07-16 10:05 | Report Abuse

Dollar falls after US CPI, retail data disappoint
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Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.

Posted by masterus > 2017-07-17 12:11 | Report Abuse

The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

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US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.

Posted by masterus > 2017-07-19 14:04 | Report Abuse

PETALING JAYA: With scale being an increasingly important factor in the local banking industry, talk has now emerged that Alliance Financial Group Bhd (AFG) could be looking to merge with Hong Leong Bank Bhd (HLB).

The twist, though, is that AFG, which is the smallest financial institution in Malaysia in terms of asset size, could be the acquirer in the potential merger and acquisition (M&A) exercise, instead of being the target company to be acquired, according to UOBKayHian Research.

“Scale has always been a stumbling block for AFG. Without scale, the group has to stay competitive by targeting niche segments, while investments would require longer payback periods without the benefits of economies of scale ... as such, it is not surprising that the latest market rumours involve a potential merger with HLB and AFG being the potential acquirer,” the brokerage wrote in its report.

HLB is the fifth-largest lender by assets in Malaysia. The 64%-owned unit of Hong Leong Financial Group Bhd is listed as the main earnings driver for its parent company.

Meanwhile, AFG last Thursday dismissed speculation that it was the subject of a merger. The bank, which saw some changes in shareholding, said it was financially sound and looking to lift its returns to shareholders.

In rationalising the potential M&A between AFG and HLB, UOBKayHian said completion of the exercise would result in a quantum leap in AFG’s scale, with its branch network increasing from 94 to 394 branches. This would outpace Malayan Banking Bhd’s 363 domestic branches.

In addition, the merged entity would be valued at RM266bil in terms of total assets. This would make it the fifth-largest institution after the merged RHB Bank Bhd-AMMB Holdings Bhd.

“Such a merger will likely be near-term dilutive, but the potential synergies that can be derived from the quantum leap in scale and cross-selling opportunities arising from a low level of customer duplication and expertise would be highly beneficial for AFG over the longer term,” UOBKayHian explained.

“Given AFG’s small scale, duplication can be well-contained and the cultural similarities of both banks will ensure lower execution risk post-merger,” it said.

AFG’s strength lies in the small and medium enterprise (SME) segment, which provides for a strong SME CASA (current and savings account) base, whereas HLB’s strength is within the more affluent consumer segment, which provides for a strong retail deposit base.

“In terms of structural similarities, both banks have a fairly strong liquidity franchise and cost discipline, with HLB having a slightly stronger asset quality edge,” UOBKayHian said.

Posted by masterus > 2017-08-09 13:10 | Report Abuse

Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.

Posted by masterus > 2017-08-16 15:02 | Report Abuse

Londonbisc net total assets is 2.18. Share price currently at 0.765. Soon will fly.

Posted by diehardunited > 2017-09-10 18:41 | Report Abuse

I'd rather bet into this stock. Giant in the making! Get ready for the LIMIT UP SOON!
http://klse.i3investor.com/m/blog/warrenbuffet/131824.jsp

Posted by masterus > 2017-09-14 07:24 | Report Abuse

China Prepares Sale of $2 Billion in U.S.-Dollar Bonds


The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.