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Money
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Trump, EU clash over trade at G7 opening
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Govt to continue driving Love MY Palm Oil campaign, says deputy minister
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Trump says he won't stop Jerome Powell from resigning as Fed Chair
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Trump: US will tax French wine in response to digital tax
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On-off trade tariffs wreak havoc on US company planning
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Bursa Malaysia to trade higher next week on bullish divergence
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Ringgit to trade within tight range next week
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What tools can Trump use to get US firms to quit China?
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Nikkei: Japan, US reach framework trade pact, no tariff cuts on Japan cars
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From phone makers to farmers, the toll of Trump's trade wars
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World needs to end risky reliance on US dollar, says BoE's Carney
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Global trade disputes likely to thwart unity at G7 summit in France
PARIS, Aug 24 ― Leaders of the G7 nations arrive in France today for a summit as a brewing US-China confrontation over protectionism highlighted President Emmanuel Macron's...
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Wall Street tumbles as US-China trade war intensifies
NEW YORK, Aug 24 ― Wall Street tumbled yesterday after the US-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek...
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Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments
NEW YORK, Aug 24 ― FedEx Corp, United Parcel Service Inc and the US Postal Service said yesterday they are already working to stop traffickers from using their services after US...
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Britain wants US trade deal quickly, but terms have to be right, says UK spokeswoman
LONDON, Aug 24 ― Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said yesterday...
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Global stocks fall, yen rallies as US and China escalate trade war
NEW YORK, Aug 24 ― Stocks, the dollar and oil prices fell yesterday while safe havens rose after President Donald Trump demanded US companies look at alternatives to China for...
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Mercosur reaches trade deal with European countries
BUENOS AIRES, Aug 24 ― South American trade bloc Mercosur reached a free trade agreement yesterday with four European countries, Argentine officials and Brazil's President Jair...
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IMF to hold weekend meetings in Argentina with advisers for Macri, Fernandez
BUENOS AIRES, Aug 24 ― The International Monetary Fund (IMF) said yesterday that a team will meet with the economic advisers to Argentina's main presidential contenders,...
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Trump heaps another 5pc tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON, Aug 24 ― US President Donald Trump yesterday lashed back at a new round of Chinese tariffs by heaping an additional 5 per cent duty on some US$550 billion (RM2.3...
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China strikes back at US with new tariffs on US$75b in goods
BEIJING, Aug 23 — China said today it will impose retaliatory tariffs against about US$75 billion (RM314 billion) worth of US goods, putting as much as an extra 10 per cent on...
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Powell: Fed will act ‘as appropriate’ to sustain US expansion
WASHINGTON, Aug 23 — Federal Reserve Chair Jerome Powell stressed today that the central bank will act to ensure the US economic expansion continues, even in the face of...
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US stocks open lower as China announces new tariffs
NEW YORK, Aug 23 — Wall Street stocks opened lower today after China announced another round of tariffs on US goods, the latest escalation in the protracted trade war between...
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US fines Deutsche Bank US$16m to settle China, Russia corruption charges
WASHINGTON, Aug 23 — Deutsche Bank has agreed to pay more than US$16 million (RM67 million) to settle charges that it violated US corruption laws by hiring relatives of foreign...
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Irish PM: Ireland could try to block Mercosur trade deal on Amazon concerns
DUBLIN, Aug 23 — As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union and...
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As bond e-trading takes off, debt sales business may be ripe for automation
LONDON, Aug 23 — With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking — the business of helping companies and...
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DRB-Hicom turns black in Q1 with RM46.21m net profit
KUALA LUMPUR, Aug 23 — DRB-Hicom Bhd returned to the black with a net profit of RM46.21 million in the first quarter (Q1) ended June 30, 2019 after having chalked up a net loss...
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Petronas Dagangan Q2 net profit slips to RM172.75m
KUALA LUMPUR, Aug 23 — Petronas Dagangan Bhd’s net profit slipped to RM172.75 million in the second quarter ended June 30, 2019 (Q2 2019) from RM314.42 million, mainly due to...
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Ringgit ends easier in cautious trade
KUALA LUMPUR, Aug 23 — The ringgit closed lower against the US dollar today as market players await more clues on the global monetary policy direction from the...
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Hasbro to buy ‘Peppa Pig’ owner for US$4 billion
WASHINGTON, Aug 23 — US toymaker Hasbro announced yesterday that it is acquiring studio Entertainment One, which owns popular cartoon series Peppa Pig among other children’s...
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Swedish regulator delays Swedbank money-laundering probe report
STOCKHOLM, Aug 23 — The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of...