PASADENA (Reuters) -A late strike from Antoine Griezmann handed Atletico Madrid a 1-0 win over Botafogo on Monday but the victory could not save the LaLiga side from a group stage exit at the Club World Cup.
PETALING JAYA: The ringgit is expected to weaken in the immediate aftermath of the US-Israel-Iran conflict, but analysts believe the depreciation will be short-lived, says economist Prof Emeritus Dr Barjoyai Bardai.
Prof Barjoyai said the US dollar might strengthen in the short term due to perceived dominance but this trend is unlikely to last. If implemented, the move could send Brent crude prices soaring well above US$100 per barrel, according to analysts from JPMorgan, Goldman Sachs and Deutsche Bank. He said businesses, particularly wholesalers, retailers, SMEs and microenterprises would likely raise their prices due to higher fuel costs, as diesel and petrol are key to their operations.
Yesterday, Iran’s parliament announced plans to possibly close the Strait of Hormuz in retaliation for recent US and Israeli strikes on its nuclear and military facilities. He said Malaysia sources nearly 30% of its oil and gas from the Persian Gulf, with the strait acting as a vital artery for global supply.He believes that oil prices could possibly hit US$150 or more per barrel and petrol prices soaring beyond €2.5 per litre.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kanye West makes brief court appearance to support Sean Combs in sex trafficking trialNEW YORK, June 14 — US rapper Kanye West showed up at a Manhattan federal courthouse yesterday to support music mogul Sean Combs, who is on trial for alleged sex trafficking and...
Read more »
Thousands rush aid centre in Gaza amid chaotic scenes, Israel cites brief loss of controlRAFAH, May 28 — Thousands of Palestinians rushed into a new aid distribution centre run by a US-backed group in southern Gaza yesterday, AFP journalists reported, leading to...
Read more »
After brief X outage, Musk says refocusing on businessesFree Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs, business, economy, lifestyle, news and analysis.
Read more »
Early Morning Thunderstorms Bring Brief Respite From Scorching Heat In Parts Of MalaysiaA welcome break.
Read more »
PM Anwar approval rating rises to 55% on the back of economic, political factors, says Merdeka Center(Reuters) -Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters.
Read more »
Burning of PM caricature 'desperate stunt' due to lacklustre turnout, says PKR division chief(Reuters) -Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters.
Read more »