(Reuters) - Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com due to a shortage of parts, a spokesperson for the electric vehicle manufacturer said on Friday.
KUALA LUMPUR: The Malaysian economy’s robust expansion at 5.9 per cent in the second quarter of 2024 has driven the ringgit to close higher against the US dollar today.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the local note was well supported after the 2Q 2024 gross domestic product announcement today, whereby Malaysia’s economic activities accelerated more than expected. Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour said the local note has been appreciating of late, with financial market participants expecting imminent policy rate cuts from the United States Federal Reserve, which has softened the US dollar and alleviated pressure on regional currencies including the ringgit.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid GDP Abdul Rasheed Ghaffour
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.
Reuters poll: Strong exports and consumption drive Malaysia’s fastest growth in six quartersBENGALURU Aug 14 — Malaysia’s economy likely grew at its fastest pace in 18 months in the second quarter of 2024, thanks to a strong rebound in exports and higher household...
Read more »
Anticipation of better 2Q GDP data drives ringgit up vs US$ at the close(Reuters) - West Ham United have signed right back Aaron Wan-Bissaka from Manchester United on a seven-year contract, the London Premier League club said on Tuesday.
Read more »
Ringgit rises ahead of 2Q GDP releaseLONDON (Reuters) - Britain's aviation regulator has selected six projects, including one by e-commerce giant Amazon, to test the use of drones in deliveries, inspection of infrastructure and emergency services, it said on Thursday.
Read more »
Malaysia’s GDP to hit 6pc in Q2 2024 amid consumption, tourism boost, says Bank IslamKUALA LUMPUR, Aug 14 — Bank Islam Malaysia Bhd anticipates Malaysia’s gross domestic product (GDP) growth to reach 6.0 per cent in the second quarter (2Q) of 2024, which is...
Read more »
2Q GDP growth likely to surpass 6%(Reuters) - Manchester United have signed Dutch centre back Matthijs de Ligt and Morocco full back Noussair Mazraoui from German side Bayern Munich on a contract until June 2029 and June 2028, respectively, the Premier League club announced on Tuesday.
Read more »
New Science, Technology and Innovation Act could mandate R&D funding to be 2pc of GDPKUALA LUMPUR, Aug 11 — A proposed new act could be a big shot in the arm for Malaysia’s research and development (R&D) sector by mandating a minimum spending of 2 per cent of...
Read more »