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Money
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Silterra poised to contribute to third national car project
KUALA LUMPUR, March 24 — Homegrown semiconductor company, Silterra Malaysia Sdn Bhd, has the capability to contribute positively to the development of the local automotive...
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Foreign funds net buyers, RM90.2m net inflow into Malaysian equities
KUALA LUMPUR, March 24 — Foreign funds were net buyers with the local bourse recording a total net inflow of RM90.2 million between March 18 and March 21 versus total net...
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Boost users can use their e-wallets in Singapore, Thailand by second quarter
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Italy, China sign new ‘Silk Road’ protocol
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CIMB is Malaysia’s Best Digital Bank 2018, best retail bank
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Apple’s Tim Cook urges China to continue to open up its economy
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Perodua targets 50pc share of Sabah auto market
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Rafidah: Asia a dynamo for global development, economic growth
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Russian firms eye wider cooperation with Malaysian counterparts
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Malaysia hopes Pakistan will buy more palm oil, remove trade barriers
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Bursa likely to be volatile next week
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Ringgit to continue upward momentum next week
KUALA LUMPUR, March 23 — The ringgit is expected to continue its upward momentum next week amid the likelihood of a US dollar weakness, supported by a rebound in market...
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China’s Xi insists new Silk Road runs both ways as Italy signs up
ROME, March 23 — Chinese President Xi Jinping sought yesterday to allay Western unease over his new Silk Road initiative by emphasising the vast infrastructure project’s...
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Wall Street tumbles on global economic slowdown fears
NEW YORK, March 23 — Wall Street stocks sold off sharply yesterday, with all three major US stock indexes posting their biggest one-day percentage declines since January 3, as...
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US Treasuries signal trouble, stocks fall on global growth worries
NEW YORK, March 23 — Stocks around the world fell and US Treasuries yields sent warning signals for a possible recession today after weaker-than-expected US and European data...
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Doubts increase that Q1 will be earnings low point
NEW YORK, March 23 — As Wall Street braces for what may be the first US profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings....
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US stocks head south on economic fears
NEW YORK, March 22 — US stocks fell into the red early today, putting Wall Street on track to finish the week on a weak note as investors absorbed sombre news about the global...
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Pound rises on Brexit delay; economic gloom hits European stocks
LONDON, March 22 — Sterling rose further today after Brussels gave Britain a Brexit deadline extension, but stocks dived as fresh economic gloom gripped trading floors. European...
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Chinese investment in Europe: A story of cash and concerns
PARIS, March 22 — Chinese firms have ploughed at least €145 billion (RM665 billion) into Europe since 2010, but investment has been slowing recently as several European...
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After Trump barbs, GM announces US$1.8b investment, new jobs
NEW YORK, March 22 — Facing a barrage of attacks from President Donald Trump over plant closures, General Motors announced today a US$1.8 billion investment and the creation of...
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London stocks sag after deal to delay Brexit
LONDON, March 22 — London equities slipped at the open today but Frankfurt and Paris rose, after the European Union gave Britain a last-gasp Brexit deadline extension deal. In...
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Genting to sell entire stake in London subsidiary for £34.6m
KUALA LUMPUR, March 22 — Genting Malaysia Bhd’s (GENM) indirect wholly-owned subsidiary, Genting UK Plc is disposing of its entire equity interest in London-based company...
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Deutsche Bank top management gets bonuses for first time in four years
FRANKFURT, March 22 — Deutsche Bank’s management board members were handed their first bonuses in four years, according to the bank’s annual report published today. The...
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Ringgit ends flat against US dollar
KUALA LUMPUR, March 21 — The ringgit ended flat against the US dollar today after four days of gains amid subdued performance of the emerging Asian currencies. At 6pm, the local...
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Bursa Malaysia ends higher on last-minute buying
KUALA LUMPUR, March 22 — Bursa Malaysia reversed earlier losses to end the week higher today, as bargain hunters revisited the market at the eleventh hour to hunt for value...
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Asian shares hold near 6.5-month high, fresh Sino-US trade talks awaited
TOKYO, March 22 — Asian shares held near 6.5-month highs today after upbeat US data and optimism in the tech sector helped calm some of the jitters sparked by the Federal...
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Sterling recovers as Britain’s May gets “last chance” for orderly Brexit
LONDON, March 22 — Britain’s pound held above US$1.31 today after recovering overnight when European Union leaders gave Prime Minister Theresa May a two-week reprieve, until...
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China protests US sanctions on shipping firms
BEIJING, March 22 — China has lodged a diplomatic protest with the United States after Washington sanctioned two Chinese shipping companies for doing business with North Korea,...
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Ringgit raised to 4.0 vs US dollar in Public Investment Bank projection
KUALA LUMPUR, March 22 — Public Investment Bank Bhd (PIVB) has revised the ringgit’s projection to RM4.00 against US dollar for 2019, compared with RM4.04 previously, on the...
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Top Glove's Q2 net profit retreats to RM105.7m
KUALA LUMPUR, March 22 — Top Glove Corporation Bhd’s net profit for the second quarter (Q2) ended February 28, 2019 fell to RM105.79 million from RM109.01 million posted in...