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- Gulf central banks cut rates by 25 basis points after Fed move
- Bahrain All Share Index, Islamic Index close higher
- AI bubble? Opinions divided on tech's trillion dollar question
- Kuwait CB reduces discount rate by 25 basis points
- Divided Fed lowers rates, signals pause and one cut next year
- Qatari-Omani Joint Committee explores economic and investment cooperation
- QSE upward trend continues with influx of new liquidity
- Vodafone Business launches enhanced features on MyVodafone Portal
- QSE index closes higher
- Saudi Industrial Production Jumps 8.9% in October, Driven by Mining Sector
30/04/2011 00:00 AST
The ringgit, which has remained firm at 2.96 per US dollar, is likely to extend its present uptrend next week.
A dealer said the ringgit was able to stay above the 3.00 mark due to continuous weakening of the US dollar and high commodity prices fueling speculation that policy makers in Asia would step up tightening efforts.
"With the speculation that Asian central banks will raise interest rates and US dollar remaining weak, ringgit will stay firm depending on Bank Negara Malaysia's stance," he said.
Such expectations would attract foreign funds seeking higher returns from the widening interest rate differentials between Malaysia and developed nations, especially the US which has keep rates low for an extended period.
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Business Times
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
12/12/2025
Investors are on guard for signals that demand for artificial intelligence is tailing off or that the massive spending is not paying off as anticipated.
Investments in AI, which have outstri
Reuters
12/12/2025
A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months. Fed Chair Jerome Pow
AFP
12/12/2025
Cryptocurrencies plummeted on Thursday, with bitcoin slipping below the $90,000 level as fresh concerns about artificial intelligence profits weighed on technology stocks.
According to Reute
Khaleej Times
11/12/2025
Asian investors are piling into Gulf bonds and loans this year, reflecting both deepening trade and finance ties with the fast-growing region and an uncertain outlook elsewhere, including the world's
Reuters
11/12/2025
lon Musk's SpaceX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker's valuation to over $1 trillion, a person familiar wit
Reuters
Financial Information Co.
Saudi Arabia