BUSINESS
Local & World Business News
BUSINESS
Bursa opens lower on cautious trading
Investors exercised caution ahead of next week’s US Federal Reserve rate decision, says analyst.
World Business
BUSINESS
Dollar set to snap 9-day losing streak, yen near 2-1/2 week high
BUSINESS
Indexes end near flat, supported by Fed hopes but dragged by Amazon
The plan seeks to unify EU financial markets to reduce reliance on the US, shifting crypto oversight to the European Securities and Markets Authority.
The European Commission investigates Meta over concerns its policy might restrict third-party AI services on WhatsApp.
IndiGo said unforeseen challenges, including weather, technical problems, and new labour rules, disrupted its operations.
After New York’s advance, Tokyo rallied more than two percent, with Hong Kong, Sydney, Taipei and Bangkok also up, along with London, Paris and Frankfurt, while others slipped.
Local Business
Weaker US economic data, especially the sharp ADP employment drop, has raised expectations of a US interest rate cut, says analyst.
Markets focus on upcoming jobless and consumer sentiment data to shape the Fed’s economic outlook, says analyst.
The main index inches up to 1,622.97 amid rising expectations of US monetary easing next week.
Strong domestic demand and an anticipated export recovery after a US trade deal also position the economy for growth.