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Money
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Saudi to tap vast oil stores after attacks disrupt output
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Terengganu boosting SME products through T’Mart
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UAE regulator not optimistic on Boeing 737 MAX return this year
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Saudi stocks dip 3pc in first session after oil attack
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Attacks on Saudi facilities threaten spare oil capacity, price hikes
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Blame game as wheels come off India’s auto sector
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Nikkei: Japan to eliminate tariffs on US wine in trade deal
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Large US banks sweating the move to lower interest rates
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US Fed to cut rates again as optimism is tested
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EU finance ministers eye simpler fiscal rules
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Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report
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SG Bike gains approval to acquire Mobike fleet, making it the largest bike-sharing operator in Singapore
SINGAPORE, Sept 14 — SG Bike has acquired Mobike’s fleet of 25,000 bicycles, making it the largest bike-sharing operator in Singapore currently. SG Bike said in a...
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Stormclouds gather for Facebook’s Libra currency
SAN FRANCISCO, Sept 14 — International outcry is mounting over Facebook’s Libra — with central banks, governments and regulators railing against the social media giant’s...
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Bursa Malaysia likely to edge higher to 1,620 next week
KUALA LUMPUR, Sept 14 — Bursa Malaysia is expected to edge higher towards the 1,620 level next week, driven by positive domestic economic performance and Wall Street sentiment,...
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Ringgit’s upward momentum to continue next week
KUALA LUMPUR, Sept 14 — The improved global sentiment following easing US-China trade tensions is expected to continue driving the ringgit upward next week, moving between 4.15...
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Disney chief exits Apple board as firms become streaming rivals
SAN FRANCISCO, Sept 14 — Disney chief Bob Iger resigned from Apple’s board of directors as the companies are poised to launch rival online streaming services, according to a...
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PayPal cautious about future of Libra cryptocurrency
SAN FRANCISCO, Sept 14 — PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part...
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Global stocks, bond yields lifted by US-China trade hopes
EW YORK, Sept 13 — A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed yesterday after signs of progress in US-China trade...
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Citigroup stands by card strategy despite economic clouds
NEW YORK, Sept 14 — Some Wall Street analysts have begun to question whether Citigroup Inc’s big bet on credit cards will backfire if the US economy enters a recession,...
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S&P edges lower as Apple weighs, trade tensions ease
NEW YORK, Sept 14 — The S&P 500 ended the day down slightly yesterday but less than 1 per cent below its all-time high as a drop in Apple stock countered cooling US-China...
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US stocks open higher, flirting with records
NEW YORK, Sept 13 — Wall Street brushed off the ominous date and pushed higher at the open today, stoked by relief that President Donald Trump’s trade war with China appears...
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Report: EPF-held shares’ value slip RM8b since late June to RM150b
KUALA LUMPUR, Sept 13 — The Employees Provident Fund’s (EPF) saw the value of its 191 stocks decline from RM157.87 billion since late June to RM149.94 billion this Wednesday,...
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Pound jumps on Brexit hopes as global stocks firmer
LONDON, Sept 13 — The British pound hit a seven-week high against the dollar today on easing fears of a no-deal Brexit. Stock markets meanwhile won support after China said some...
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Ideal to acquire 1st Avenue Mall in George Town for RM153m
GEORGE TOWN, Sept 13 — Ideal United Bintang International Berhad (IUBIB) has announced to Bursa Malaysia its proposed acquisition of 1st Avenue Mall in George Town at RM153...
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PG&E announces US$11b settlement in deadly California fires
WASHINGTON, Sept 13 — Bankrupt US utility company Pacific Gas and Electric announced today it has reached an US$11 billion settlement with insurance companies over the deadly...
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Hong Kong exchange vows to press on with US$39b LSE bid after rebuff
LONDON, Sept 13 — The Hong Kong exchange refused to give up on its bid to take over the London Stock Exchange after the LSE emphatically rejected the Asian bourse’s US$39...
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London Stock Exchange rejects Hong Kong takeover bid
LONDON, Sept 13 — London Stock Exchange has rejected Hong Kong Exchange’s US$39 billion takeover offer, opting to stick with its planned purchase of data and analytics group...
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Google agrees nearly €1b tax settlement with France
PARIS, Sept 13 — US internet giant Google has agreed a settlement totalling €965 million (RM4.46 billion) to end a tax dispute in France under an agreement announced in court...
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Bundesbank chief slams ECB’s Draghi for ‘overshooting the mark’
BERLIN, Sept 13 — The head of Germany’s Bundesbank today hit out at ECB chief Mario Draghi for “overshooting the mark” with his huge stimulus package aimed at propping up...
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China to exempt US pork, soybeans from additional tariffs, reports Xinhua
SHANGHAI, Sept 13 — China will exempt some agricultural products from additional tariffs on US goods, China’s official Xinhua News Agency said today, in the latest sign of...