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Money
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Nafas to raise fertiliser production at Lahad Datu plant, says chairman
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China suspends planned tariffs on US goods
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US, China mini-deal offers ‘breathing space’ for Chinese economy
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Foreign funds sold RM327.1m this week
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Report: Renault offers CEO job to SEAT’s Luca De Meo
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China top diplomat says China-US trade deal good news for all
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Bursa seen to trade in tight range, investors await key data
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Ringgit to maintain structural stability next week
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US-China trade deal gets tepid reception
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Sources: French want PSA-Fiat board guarantee in US$50b merger
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US says ‘committed’ to trade deal with post-Brexit Britain
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Key points in the US-China ‘phase one’ deal
WASHINGTON, Dec 14 — After nearly two-years of bare-knuckle battling, Washington and Beijing yesterday at last announced a bargain to end the dispute. The agreement came two...
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European stocks surge on Johnson election triumph, US trade deal
NEW YORK, Dec 14 — London stocks and the British pound jumped yesterday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring...
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Trump: US to suspend scheduled tariffs after reaching deal with China
WASHINGTON, Dec 13 — US President Donald Trump today said the United States had reached a so-called Phase One trade deal with China in which Washington would suspend tariffs on...
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Wall Street treads water amid US-China trade confusion
NEW YORK, Dec 13 — US stocks wobbled at the open today, with investors unsure which way to turn as optimism over a US-China trade deal once again turned to hazy uncertainty. The...
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EU warns of post-Brexit rival Britain after Johnson win
BRUSSELS, Dec 13 — European leaders warned today that Britain could become a formidable rival, just hours after a big victory by Prime Minister Boris Johnson’s conservatives...
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US, China close to trade war deal
WASHINGTON, Dec 13 — The United States and China appeared close today to a “phase one” deal to de-escalate a trade war that has caused tensions between the superpowers and...
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Trade optimism, UK election bolster Bursa to end higher
KUALA LUMPUR, Dec 13 — Bursa Malaysia ended higher for the third straight day, underpinned by fresh hopes for progress after news that the US has agreed in principle to the...
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EPF posts lower investment income in Q3 amid challenging market
KUALA LUMPUR, Dec 13 — The Employees Provident Fund (EPF) posted an investment income of RM13.50 billion for the third quarter (Q3) ended Sept 30, 2019, down 7.6 per cent from...
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US consumer spending disappoints in November
WASHINGTON, Dec 13 — US retail spending was unexpectedly sluggish in November as consumers held back at the start of the holiday shopping period, according to a government...
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Donor support for Ethiopia economic reforms reaches US$9b, says govt
ADDIS ABABA, Dec 13 — Ethiopia announced today that it had secured roughly US$9 billion in outside financing for ambitious economic reforms which analysts say could underpin the...
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Outlook for oil and gas industry challenging, says Petronas
KUALA LUMPUR, Dec 13 — The outlook for the oil and gas industry remains challenging amid geopolitical upheavals, prolonged trade tensions, and a global economic slowdown...
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Ringgit ends higher versus US dollar on trade optimism
KUALA LUMPUR, Dec 13 — The ringgit ended higher against the US dollar today, spurred by positive external developments following news that the US has agreed in principle to the...
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IWC, Ekovest top active counters after fresh news on Bandar Malaysia
KUALA LUMPUR, Dec 13 — Iskandar Waterfront City Bhd (IWC) and Ekovest Bhd are the top two actively traded counters on Bursa Malaysia today following news on the latest...
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GSK’s ViiV seeks marketing licence for baby-friendly HIV pill
LONDON, Dec 13 — British drugmaker GSK applied on Friday for a licence to market its HIV drug dolutegravir in a formulation designed to be easier for babies and children who are...
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Delivery Hero leaps on US$4b food app deal to buy S.Korea’s Woowa
SEOUL, Dec 13 — Germany’s Delivery Hero agreed a US$4 billion deal to buy South Korea’s top food delivery app owner Woowa Brothers, ratcheting up consolidation in the...
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US sources say terms set for China trade deal, but Beijing mum
WASHINGTON, Dec 13 — Washington will suspend some tariffs on Chinese goods and cut others in return for Beijing buying more American farm goods, US sources said yesterday,...
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Xinghe completes RM100m acquisition, eyes seafood retailing next
KUALA LUMPUR, Dec 13 — Xinghe Holdings Bhd, which currently relies on its edible vegetable oil business in China, is transforming into an aquaculture-based food producer...
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Brexit’s next battle: The trade deal
BRUSSELS, Dec 13 — After the decisive victory of Prime Minister Boris Johnson’s Conservatives, Brussels now expects Britain to exit the EU on January 31 as he has promised....
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Russia eyes temporary import curbs on Chinese citrus fruit
MOSCOW, Dec 13 — Russia’s agriculture safety watchdog may put temporary restrictions on imports of citrus fruit and potatoes from China after finding pests in several...