(Reuters) - Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block.
KUALA LUMPUR: The ringgit extended yesterday’s losses to close lower against the greenback on Tuesday, as the global economic outlook prompted investors to shift interest towards safe haven currencies, an analyst said.
SPI Asset Management managing director Stephen Innes said that the BRICS tariff threat still casts a shadow over regional markets, particularly as the Chinese yuan exerts downward pressure across regional currencies. "Amidst this financial turbulence, Trump’s unpredictable social media posts continue to inject a sense of tension and caution among traders, especially in Malaysia, leaving those betting against the US dollar in a particularly precarious position,” he told Bernama today.
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