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Money
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US Fed resumes meeting with no rate hike expected
WASHINGTON, March 20 — The US Federal Reserve today resumed its second meeting of the year, having all but assured markets it will leave benchmark interest rates untouched. But...
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Brexit delay request sends pound reeling
LONDON, March 20 — The pound fell sharply today after British Prime Minister Theresa May announced it was seeking a delay to its exit from the European Union until June 30,...
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Google fined US$1.7b for search ad blocks in third EU sanction
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With 737 MAX grounded, airlines face daily scheduling challenges
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Vietnam’s FastGo revs into Singapore’s ride-hailing market
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BMW plans massive cost cuts to keep profits above water
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Lazada organising sales campaign to mark 7th birthday
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Socso paid out RM3.7b in benefits to contributors in 2018, says CEO
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Toyota to build new hybrid cars in Brexit-facing UK
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Key Jet Airways lender SBI says bankruptcy ‘last option’, rescue almost ready
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World shares face end to winning streak as Fed looms
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Ringgit continues upside bias against US dollar
KUALA LUMPUR, March 20 — The ringgit continued its upside bias to end higher against the US dollar today for the third consecutive day, ahead of the statement from the two-day...
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KL shares end lower on Fed meeting, Feb CPI concerns
KUALA LUMPUR, March 20 — Bursa Malaysia ended lower for a second consecutive day today, weighed down by concerns about the Federal Reserve’s Open Market Committee (FOMC)...
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Investors flee Bayer after second glyphosate trial blow
FRANKFURT AM MAIN, March 20 — The threat to German chemical giant Bayer and subsidiary Monsanto from US litigation swelled today, when its share price plunged after a jury ruled...
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Zimbabwe tobacco output set to dip to 240m kg after drought
HARARE, March 20 — Zimbabwean farmers are expected to sell up to 240 million kg of tobacco this year, a 5 per cent dip from 2018 due to drought, an industry official said today...
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Likely Brexit delay ushers more uncertainty for the pound
LONDON, March 20 — Sterling fell by a third of a per cent today as investors remained wary about the prospects of the British currency as Prime Minister Theresa May requests a...
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Bayer shares plunge on new US cancer ruling
FRANKFURT AM MAIN, March 20 — Shares in German chemicals and pharmaceuticals giant Bayer plunged as markets opened yesterday, after a second US jury ruled that blockbuster...
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Most Asia markets down as dealers spooked by trade, Brexit
HONG KONG, March 20 — Asian markets mostly fell today with nervous investors keeping tabs on developments in China-US trade talks and the Brexit saga, while awaiting the...
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Penang business events industry rakes RM1.3b last year
GEORGE TOWN, March 20 — Business events industry in Penang has raked in an estimated economic impact (EEI) valued at about RM1.3 billion last year, announced Penang Convention...
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Xi says China ready to take ties with Italy into new era
MILAN, March 20 — China is ready to strengthen its “global strategic partnership” with Italy, Chinese President Xi Jinping wrote in an Italian daily on the eve of his visit...
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MIDF expects country’s economic growth at 4.9pc this year
KUALA LUMPUR, March 20 — Malaysia’s economy is expected to expand 4.9 per cent this year due to the upbeat performance of domestic and external trade sectors, said MIDF...
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Sime Darby Plantation gets takeover interest in loss-making Liberia operations
KUALA LUMPUR, March 20 — Sime Darby Plantation Bhd says it has received takeover interest from a few parties in its loss-making operations in Liberia in West Africa. Deputy...
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Germany to create fund to foil foreign takeovers after China moves
BERLIN, March 20 — Germany plans to pass legislation by the end of 2019 to create a state-owned fund that can protect key companies from takeovers by Chinese and other foreign...
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Asian shares slip from six-month high ahead of Fed policy decision
TOKYO, March 20 — Asian shares slid today as investors took profits ahead of a policy decision by the US Federal Reserve which is expected to shed more light on its interest...
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As Xi heads to Italy, China takes Belt and Road controversy in its stride
BEIJING, March 20 — Misunderstandings over China’s Belt and Road Initiative (BRI) are “hard to avoid”, a senior Chinese diplomat said today ahead of a trip to Europe by...
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Oil majors rush to dominate US shale as independents scale back
EDDY COUNTY (New Mexico), March 20 — In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to...
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US Fed’s balance sheet plan, economic outlook under microscope
WASHINGTON, March 20 — The US Federal Reserve today is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release...
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Shared prosperity is Malaysia's key message at Apec 2020
KUALA LUMPUR, March 20 — After more than two decades, Malaysia will be hosting the Asia Pacific Economic Cooperation (Apec) leaders’ summit in 2020, with the key message...
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Rags-to-riches Skoda mulls post-Brexit sales woes
MLADÁ BOLESLAV, March 20 — Once the butt of jokes, Czech-made Skoda cars have won over Brits, but the UK’s looming exit from the European Union could deal a heavy blow to the...
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Poll: Asian business sentiment lingers near three-year low as trade war drags
SEOUL, March 20 — Confidence among Asian companies held near three-year lows in the first quarter as a US-China trade dispute dragged on, pulling down a global economy that is...