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Money
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US, China bicker over ‘extravagant expectations’ on trade deal
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Western buyers freeze Russian payments over dirty oil outage
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NYT: Deutsche Bank staff flagged Trump, Kushner transactions for watchdog
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EU firms ‘caught in crossfire’ of US-China trade war
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Chipmakers weigh on European markets as Huawei fallout spreads
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Oil majors keep FTSE 100 afloat, turbulence hits Ryanair
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Sterling rises off five-month lows after biggest weekly drop this year
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Most Asian markets up but trade row rumbles on
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Intel, Qualcomm and other US companies comply with government order, cease supplying Huawei
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EU firms ‘caught in crossfire’ of US-China trade war
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China’s tech transfer problem is growing, EU business group says
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Will he, won’t he? Speculation over Japan’s sales tax hike
TOKYO, May 20 — After months of speculation that Japan’s government could postpone an impending sales tax hike to avoid damaging the economy, it appeared set to go ahead with...
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Trump says tariffs making companies leave China, a deal can’t be ‘50-50’
WASHINGTON, May 20 — US President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia,...
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No job losses from proposed merger with Telenor ASA, Axiata’s CEO says
KUALA LUMPUR, May 20 — Axiata Group Bhd president and group chief executive officer Tan Sri Jamaludin Ibrahim has reiterated that there would be no job cuts if the proposed...
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Hong Kong stocks start with small gain
HONG KONG, May 20 — Hong Kong stocks opened slightly higher this morning, in line with gains across Asia, with energy firms among the big winners thanks to a jump in oil prices....
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Ryanair profit hits four-year low, warns of further pain
DUBLIN, May 20 — Ryanair reported its weakest annual profit in four years on Monday and said earnings could fall further next year as Europe suffers what chief executive Michael...
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Indian stocks, rupee rally as Modi vote win predicted
MUMBAI, May 20 — Indian stocks and the rupee soared today as exit polls predicted a second term for business-friendly Hindu nationalist Prime Minister Narendra Modi, traders...
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Google suspends some business with Huawei after Trump blacklist, says source
NEW YORK, May 20 — Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly...
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Asian shares steady after slump, oil jumps on Saudi comments
SHANGHAI, May 20 — Asian shares steadied on Monday as investors caught their breath following another week of escalating US-China trade tensions, with sentiment turning brighter...
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Japan’s economy shows better-than-expected growth
TOKYO, May 20 — Japanese GDP expanded a better-than-expected 0.5 per cent in the first quarter of this year, official data showed today, although analysts cautioned that the...
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Australian dollar gains after election surprise, yen slips
TOKYO, May 20 — The Australian dollar got a boost against the greenback on Monday following a surprise election victory by the country’s conservative government, while the yen...
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Huawei will not bow to US pressure, says founder
BEIJING, May 20 — Chinese telecoms giant Huawei is ready to deal with Washington’s crackdown and will reduce its reliance on US components, its founder told Japanese media....
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Trump lifts steel, aluminium tariffs on Canada, Mexico
WASHINGTON, May 20 — President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminium imports from Canada and Mexico that had created friction between...
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Matrade ramping up promotion in Chile, Argentina and Brazil
KUALA LUMPUR, May 19 — The Malaysia External Trade Development Corporation (Matrade) will be joining International Trade and Industry Minister Datuk Darell Leiking and other...
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Wall Street week ahead: Tariffs could lead to markdowns in retail shares
NEW YORK, May 19 — US retailer stocks have moved from buoyant to bruised this year and the intensification of the US-China trade war makes them especially vulnerable because...
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China’s central bank says to keep yuan stable, in balanced range
BEIJING, May 19 — China’s central bank will maintain basic stability of the yuan exchange rate within a reasonable and balanced range, according to comments posted on its...
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Modi’s jobs deficit: J&J’s largest India plant idle three years after completion
NEW DELHI, May 19 — It was supposed to be Johnson & Johnson’s biggest manufacturing plant in India. It was to eventually employ at least 1,500 people and help bring...
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Canada aims to ratify trade deal after lifting of tariffs
OTTAWA, May 19 — Ottawa plans to proceed “full steam ahead” on ratification of a free trade agreement with the US and Mexico, Canada’s foreign affairs minister said...
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Primary Industry Ministry proposes to expand kenaf planting, says deputy minister
MELAKA, May 18 — The Primary Industry Ministry will be expanding kenaf planting projects in the effort to assist smallholders support the usage of the material in the...
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FamilyMart receives halal certificate
KUALA LUMPUR, May 18 — Some 108 FamilyMart branded ready-to-eat food products are now registered halal, as the Japan-based convenience store’s dedicated central kitchen...