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Money
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EcoWorld to unveil Malaysia’s first robot hotel
ISKANDAR PUTERI, Feb 17 — Eco World Development Group Bhd (EcoWorld Malaysia) is set to introduce the country’s first robot guest registration and food delivery system in the...
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High foreign outflow due to investment recalibration, says expert
KUALA LUMPUR, Feb 17 ― A high net foreign fund outflow of RM263.5 million was recorded between Monday to Thursday, a level last seen since the third week of December 2018, as...
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KPMG: Brexit 'airbags' being tested by business with 40 days to exit day
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US President Trump receives update on China trade talks
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UK airline flybmi collapses under fuel costs, Brexit pressures
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Merkel says US calling European cars a threat is ‘frightening’
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EPF declares 6.15pc dividend for conventional savings, 5.9pc for Shariah
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Stronger ringgit, commodity prices to shore up Bursa Malaysia next week
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Automakers brace for US government report on import tariffs
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Dow climbs for 8th straight week amid trade optimism
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Uber narrows losses, growth slows on the road to IPO
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Samsung to launch US retail stores in smartphone push
SAN FRANCISCO, Feb 16 — Samsung announced today it will open three US retail stores to promote its Galaxy line of smartphones as the South Korean giant sets to launch an updated...
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Progress in US-China trade talks sparks world stock rally
NEW YORK, Feb 15 — Progress in the US-China trade talks helped send world stock markets broadly higher today and pulled investors out of the safety of government bonds....
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How Amazon scrapped its plans for a New York headquarters
NEW YORK, Feb 15 — More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended yesterday with a couple of phone calls....
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Wall Street gains as US-China trade talks advance
NEW YORK, Feb 15 — US stocks gained today, led by a bounce in shares of financials, as investors were optimistic about the ongoing trade talks to resolve a bruising tariff...
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Deal or delay? Wall Street doesn’t believe no-deal Brexit threat
LONDON, Feb 15 — As the United Kingdom’s Brexit crisis deepens, Goldman Sachs and JPMorgan have differing views of the ultimate outcome but the two titans of Wall Street agree...
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US, Chinese officials to meet in Washington next week on trade
BEIJING, Feb 15 — Talks between China and the United States to resolve their bruising trade war will continue next week in Washington, with both sides saying this week’s...
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European shares recover after weak data wobble
LONDON, Feb 15 — European shares recovered today after weak US and Chinese economic data earlier sent global equity markets into a dive. After opening lower, Europe’s STOXX...
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Ikea to open first outlet in northern peninsula on March 14
BUTTERWORTH, Feb 15 — Swedish furniture brand Ikea will open its first outlet in the northern region of Peninsular Malaysia in Batu Kawan, Penang, on March 14. Ikea Malaysia...
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Axiata accepts offer to sell stake in M1 for RM1.65b
KUALA LUMPUR, Feb 15 — Axiata Group Bhd via its wholly-owned subsidiary, Axiata Investments (Singapore) Ltd, has accepted the voluntary conditional general offer made by...
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Expert: More investments to flow in from Saudi Arabia following crown prince’s visit
KUALA LUMPUR, 15 Feb — Discussions on refineries and petrochemical related investments in Malaysia is likely to dominate discussions during Saudi Arabia Crown Prince Mohammed...
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Ringgit closes lower against US dollar
KUALA LUMPUR, Feb 15 — The ringgit closed lower against the US dollar today on weaker demand as cautious sentiment clouded the market ahead of the outcome of trade talks between...
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China’s Didi to restructure following passenger murders
SHANGHAI, Feb 15 — Chinese ride-hailing leader Didi Chuxing will streamline operations and make cuts to non-core business units as it doubles down on safety after the murders of...
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Mnuchin says US had ‘productive’ trade meetings with China
BEIJING, Feb 15 — Top US and Chinese trade negotiators had “productive meetings”, US Treasury Secretary Steven Mnuchin said in a tweet today, as the world’s largest...
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Sterling near one-month lows after Brexit vote
LONDON, Feb 15 — The pound hovered above a one-month low today as investors mulled the consequences of a Brexit vote defeat in parliament for Prime Minister Theresa May,...
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China’s banks throw open spigots in January, lend record 3.23t yuan
BEIJING, Feb 15 — China’s banks made the most new loans on record in January — totalling 3.23 trillion yuan (RM1.9 trillion) — as policymakers try to jumpstart sluggish...
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European car sales begin 2019 in reverse
PARIS, Feb 15 — European car sales fell by 4.6 per cent in January from the same month last year, an industry body said today, in another worrying sign of economic slowdown....
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Royal Bank of Scotland doubles net profit in 2018
LONDON, Feb 15 — State-rescued Royal Bank of Scotland more than doubled net profits in 2018, the lender announced today as it extends its recovery following a decade of turmoil....
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KL shares end almost flat
KUALA LUMPUR, Feb 15 — Share prices on Bursa Malaysia closed almost flat today in line with regional markets as investors awaited fresh developments in the US-China trade...
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Bursa opens higher on GDP data
KUALA LUMPUR, Feb 15 — Bursa Malaysia continued its upward momentum to open higher today following Malaysia’s commendable gross domestic product (GDP) growth in 2018...