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Money
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European lenders exit Amazon oil trade after scrutiny by campaigners
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Bursa Malaysia remains mixed at mid-morning
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Foreign investors withdrew RM288.2m net local equities last week
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Bursa Malaysia opens mixed
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Ringgit opens slightly lower against US dollar
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Dollar firm as economic, pandemic gloom damp risk appetite
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Tokyo stocks open higher with eyes on earnings
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Asian shares under pressure on rising coronavirus cases
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India stocks hit record highs on economic recovery hopes
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Foreign investment faces U-shaped recovery, says UN
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Saudi sovereign fund to double assets in next five years to US$1.07t, says Crown Prince
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Deutsche Bank starts probe in relation to engagement with some clients
FRANKFURT, Jan 25 — Deutsche Bank AG said yesterday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German...
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Online fashion retailer Boohoo to buy Debenhams brand, says report
BERLIN, Jan 25 — Deutsche Bank AG said yesterday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender...
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Tesla sues former employee for allegedly stealing 26,000 confidential files
SAN FRANCISCO, Jan 24 — Tesla has sued a former employee for allegedly stealing about 26,000 confidential files in his first week of working at the company, according to a court...
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Foreign companies remain committed, value long-term partnership with Malaysia
KUALA LUMPUR, Jan 24 — Foreign companies that have invested in the country said they remain committed to the country as they value and appreciate the...
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Miami’s successful pitch to tech firms: How can we help?
MIAMI, Jan 24 — The city of Miami, with a growing reputation as a financial services center enhanced by its balmy climate and low taxes, is now making a concerted and...
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US Fed holds first policy meeting of Biden administration
WASHINGTON, Jan 24 — With a new year and a new administration in the White House, the US central bank nonetheless faces an unprecedented challenge in guiding the...
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London stock market facing blockbuster IPO year
LONDON, Jan 24 — London will enjoy a very strong year for stock market flotations, analysts say, arguing that both Brexit and coronavirus offer firms a unique opportunity to...
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Reliance profit soars despite oil business slump
MUMBAI, Jan 23 — Indian conglomerate Reliance Industries yesterday said that its profit soared 12.5 per cent during the last quarter of 2020 despite sharp revenue fall in its...
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US housing boomed in 2020 even as pandemic slammed economy
WASHINGTON, Jan 23 — The US housing market boomed in 2020 even as the coronavirus pandemic caused one of the worst economic contractions of modern times, as Americans took...
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Ringgit to hover around RM4.0375-RM4.0575 against US dollar next week
KUALA LUMPUR, Jan 23 — The ringgit is expected to strengthen between RM4.0375 and RM4.0575 next week from the RM4.0415 level on Friday amid rising concerns over macro and micro...
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Cautious trading expected ahead of Fed announcement next week
KUALA LUMPUR, Jan 23 — Trading on Bursa Malaysia is expected to be cautious ahead of the United States Federal Reserve meeting next week. Bank Islam Malaysia Bhd economist Adam...
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Dollar gains after three-day fall as risk rally takes a breather
NEW YORK, Jan 23 — The dollar drifted higher yesterday after three straight days of losses, and riskier currencies fell, as bleak non-US economic data gave global equity markets...
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PUNB offers financing principal payment deferment, business premises rental discount
KUALA LUMPUR, Jan 23 — Perbadanan Usahawan Nasional Bhd (PUNB) has offered a deferment in financing principal payment and discount of 50 per cent in rental of PUNB business...
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Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
NEW YORK, Jan 23 — The Dow and S&P 500 ended modestly lower yesterday, dragged down by losses in blue-chip technology stalwarts Intel and IBM following their quarterly...
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Weak data, earnings drag global stocks lower; oil falls
NEW YORK, Jan 23 — A gauge of stocks across the world slipped from record highs yesterday and the dollar edged up against a basket of peers as weak economic data and...
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Senate committee unanimously approves Yellen nomination for US Treasury secretary
WASHINGTON, Jan 22 — The US Senate Finance Committee voted unanimously to approve Janet Yellen as the first woman Treasury secretary today, sending her nomination to the full...
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EU Commission investigated over secrecy of Covid-19 contracts
BRUSSELS, Jan 22 — The European Ombudsman is investigating the secrecy with which the European Union’s executive is handling Covid-19 vaccine supply contracts, it said today....
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Global chip shortage hits China’s bitcoin mining sector
SHANGHAI, Jan 22 — A global chip shortage is choking the production of machines used to “mine” bitcoin, a sector dominated by China, sending prices of the computer equipment...
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Nissan commits to UK after Brexit trade deal
LONDON, Jan 22 — Japanese carmaker Nissan today committed to its future in Britain, home to the group’s largest European factory, citing the country’s Brexit trade deal with...