BENGALURU (Dec 11): Gold prices fell further on Monday as the dollar held firm, with investors looking forward to several major central bank meetings and US inflation data release this week for more clarity on the interest rate trajectory.

Gold slips ahead of central bank meetings, key US data this week

The European Union is considering reopening a case at the World Trade Organization against the US over a Trump-era steel and aluminum dispute that saw the allies hit each other with tariffs on more than US$10 billion (RM46.6 billion) of goods.

EU considers restarting WTO case against US over steel tariffs

BENGALURU (Dec 8): Gold prices were on track for their first weekly fall in four after the dollar firmed, although they held steady on Friday as markets looked ahead to key US jobs data to gauge the chance of a rate cut by the Federal Reserve as early as March.

Gold heads for first weekly drop in four ahead of US jobs data

BENGALURU (Dec 6): Gold prices inched higher on Wednesday, buoyed by lower bond yields, while investors awaited for a crucial US employment report that could set the tone for Federal Reserve's policy meeting next week.

Gold firms on weaker yields as focus turns to US jobs data

(Dec 5): China may be the world’s biggest buyer of iron ore, but even that powerful position doesn’t mean that Beijing can succeed in dictating prices for the steelmaking ingredient, said the head of No 2 producer Vale SA.

The comments by Vale chief executive officer Eduardo Bartolomeo ...

Mining giant Vale says China can’t control the price of iron ore

BENGALURU (Dec 4): Gold edged down after scaling a record high on Monday, with growing confidence that the US Federal reserve would cut interest rates early next year keeping bullion well above US$2,000.

Gold takes a breather after record run on rate cut bets

Gold rose over the key US$2,000 (RM9,369) level on Friday, logging its second consecutive weekly gain, see-sawing against a weaker US dollar on bets that the US Federal Reserve (Fed) is done with its interest rate-hiking cycle.

Gold leaps above US$2,000 as dollar weakens on Fed pause bets

BENGALURU (Nov 24): Gold held steady on Friday, set for its second consecutive weekly gain, supported by a weaker US dollar as markets grew confident that the Federal Reserve was done with its interest rate hikes.

Gold steadies; poised for second weekly gain on weaker dollar

BENGALURU (Nov 23): Gold prices rose on Thursday, hovering close to a key US$2,000 per ounce level, as a weaker US dollar and lower Treasury yields buoyed demand for bullion.

Gold gains as softer US dollar, yields lift demand

The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of aluminum extrusions from Malaysia, China, Colombia, Ecuador, India, Indonesia, Italy, Mexico, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates and Vietnam.

US investigating sale of aluminum extrusions from Malaysia, other countries

BENGALURU (Nov 20): Gold prices edged higher on Monday, as the dollar extended its slide after recent US economic data boosted bets that the Federal Reserve (Fed) was done with its interest rate hikes.

Gold ticks higher as dollar slips on Fed pause bets

Gold fell on Friday and was bound for a second straight weekly drop on cooling safe-haven demand and hawkish cues from Federal Reserve Chair Jerome Powell.

Autocatalyst palladium, meanwhile, extended its slump en route to its worst week in more than 15 months, hurt by excess stocks amid wider adoption of electric vehicles while automakers switch to cheaper platinum.

Gold retreats on Powell's hawkish cues, palladium slides further

Central banks have loaded up on more gold than previously thought this year, offering crucial support to prices that have faced pressure from global monetary tightening.

Central bank gold binge bigger than previously thought — world council

The Bank of Thailand views gold as a relative safe haven in an era of high inflation and growing geopolitical risks, according to a central bank official, as the Southeast Asian nation seeks to safeguard its US$210 billion (RM1 trillion) of foreign reserves from market turbulence.

Thai central bank favours gold to shield its US$210b reserve

Dry weather risks damaging Brazilian crops of the cheapest coffee bean variety, threatening to make instant coffee less affordable.

Instant coffee prices risk rising with dryness hurting Brazilian crops

Malaysia wants the Madrid Court to mete out a jail sentence on Gonzalo Stampa for allegedly committing contempt of court and repeatedly defying court orders annulling his appointment as an arbitrator in the Sulu dispute case.

Sulu claim: Malaysia wants Stampa to be jailed — Azalina

Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country's investment landscape and ecosystem to be more creative and investor-friendly.

Anwar wants Malaysia's investment landscape, ecosystem to be more creative and investor friendly

Microsoft Corp is teaming up with labour unions to create “an open dialogue” on how artificial intelligence (AI) will impact workers.

Microsoft, labour unions form ‘historic’ alliance on AI

Taiwan's military sent forces to watch a Chinese naval formation, led by the aircraft carrier Shandong, sailing through the Taiwan Strait on Monday, Taiwan's defence ministry said, as Beijing keeps up pressure ahead of elections next month.

Taiwan again reports Chinese carrier group in Taiwan Strait as election looms

Hamas said it was striking back against Israeli forces across Gaza on Monday and Palestinians and international relief agencies said public order was disintegrating as hunger spread, fuelling fears of a mass exodus to Egypt.

Gazans say hunger is causing social breakdown, fuelling fears of exodus into Egypt

The UN's climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, which includes a range of actions countries could take to reduce emissions.

New COP28 draft text does not mention phase out of fossil fuels

Moody's Investors Service on Monday affirmed the long-term foreign currency deposit ratings of HSBC Bank Malaysia Bhd (HSBC Malaysia) at A2 and Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) at Baa1.

Moody's affirms all ratings of HSBC Malaysia, StanChart Malaysia with stable outlook

The Communications and Digital Ministry (KKD) will carry on blocking social media platforms with content that can influence, affect and compromise public morals.

KKD will continue to block social media platforms that compromise public morals — Fahmi

AT&T Inc’s choice of Ericsson AB for a US$14 billion (RM65.56 billion) revamp of its sprawling mobile network marks a coming of age for flexible wireless technology that promises to bring competition to infrastructure markets dominated by two companies.

AT&T’s US$14b Ericsson deal signals open networks’ arrival

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

PM set to announce Cabinet reshuffle tomorrow, EPF CEO tipped to be finance minister II — sources

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

Supermax says shareholders without board posts can't speak for company as family strain resurfaces over jet buy

KUALA LUMPUR (Dec 11): Shares in YTL Power International Bhd continued their upward momentum on Monday toward their highest since the company’s listing in 1997, after it announced its partnership with US-tech giant Nvidia Corp to build an artificial intelligence (AI) data centre in Johor.

YTL Power, YTL Corp hit fresh record highs on AI hub tie-up with Nvidia

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Huawei phone shows China replacing US suppliers of 5G tech

Abang Abdillah Izzarim Abang Abdul Rahman Zohari has stepped down as executive chairman of Sarawak Consolidated Industries Bhd (SCIB), just six months after he was appointed to the position.

Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

Malacca Securities deems BPlant’s takeover price unfair but recommends shareholders accept it

theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

The contract value of local companies' involvement in the East Coast Rail Link (ECRL) project has reached RM12.99 billion, surpassing the set target of RM10.8 billion, according to Transport Minister&nbsp;Anthony Loke Siew Fook.

ECRL: Local company contract value reaches RM12.99b, surpasses RM10.8b target, says Loke

KUALA LUMPUR (Dec 11): The move towards&nbsp;de-dollarisation could have positive impacts on the Malaysian economy, said&nbsp;Socio-Economic Research Centre executive director Lee Heng Guie.&nbsp;

De-dollarisation could have positive impacts on Malaysian economy — expert

Yang di-Pertuan Agong&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah officiated the installation of the first&nbsp;track of the East Coast Rail Link (ECRL) project here on Monday.

King officiates installation of first ECRL track

DRB-Hicom Bhd has entered into an agreement to form a joint-venture (JV) company with China’s auto giant Zhejiang Geely Holding Group Co Ltd for the overall operation and management of the development and construction of the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely form JV to develop Automotive Hi-Tech Valley project

KUALA LUMPUR (Dec 11): Jentayu Sustainables Bhd’s second generator of its 40MW (megawatt)&nbsp;Telekosang run-of-river hydropower plant in Tenom, Sabah, has achieved its initial operation date on Dec 9, with the feed-in-tariff commencement date (FiTCD) targeted in the next 30 days.

Jentayu sees Telekosang Hydro 2 feed-in-tariff in one month, to rope in partner for 170MW Project Oriole

Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance, said an analyst.&nbsp;

Late buying lifts Bursa to end at intraday high

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Hong Leong Industries Bhd (HLI) has sold its investment holding firm HLI Trading Ltd (HLIT) to Guoline International Ltd (GIL) for US$7.78 million (RM36.22 million) in a related-party cash transaction.

HLIB sells investment holding unit to major shareholders’ firm

Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million.

Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB

KUALA LUMPUR (Dec 11): Bursa Malaysia Derivatives Bhd (BMD) has&nbsp;launched its first currency futures contract, the Mini&nbsp;USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

Bursa Malaysia Derivatives launches first currency futures contract through HKEX collaboration

Penang has reportedly&nbsp;proven its allure to both new and existing investors, with an investment inflow of RM34.6 billion in the manufacturing sector in the third quarter of 2023 (3Q2023), a 421% year-on-year (y-o-y)&nbsp;increase.

Penang saw RM34.6b manufacturing-sector investment inflow in 3Q, says Chow

Malaysia-headquartered property company United Overseas Australia (UOA) said on Monday its Vietnamese unit had inked a joint-venture (JV) agreement with CapitaLand (Vietnam) Holdings for a US$247.1 million (RM1.16 billion) property project.

UOA, CapitaLand ink JV for US$247m property project in Vietnam

Malaysia’s government can’t rule out whether a local charity funnelled millions of dollars to Hamas, according to officials familiar with the matter, as it probes the group for allegedly supporting a conservative Islamist organisation in the Southeast Asian nation.

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