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Money
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Bursa Malaysia turns mixed at mid-morning, KLCI up 0.4pc
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AMMB shares, structured warrants fall in morning trade
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TNB to acquire FiT wind assets in UK, explore renewable energy expansion in Singapore, Vietnam
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Ringgit finds strength versus greenback at opening
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Bursa Malaysia opens higher
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Elon Musk-led SpaceX’s job ad shows plan for Starlink factory in Texas
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Asian stocks edge higher, Aussie in demand on recovery signs
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Australian economy storms ahead as Covid recovery turns ‘V-shaped’
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Global stocks edge down as investors hit pause, watch bond yields
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Wall Street ends lower as Apple and Tesla retreat
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Rocket shares soar more than 70pc as analysts eye ‘GameStop-esque’ short squeeze
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Big economies agree to boost IMF funding, says Georgieva
LONDON, March 2 — G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund’s own special drawing rights (SDRs) currency,...
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Wall St dips after solid start to March
NEW YORK, March 2 — Wall Street’s major averages dipped today after a strong start to March as investors closely monitored the bond market as well as progress on the next...
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Canada economy contracted by a record 5.4pc in 2020
OTTAWA, March 2 — Canada’s pandemic-hit economy contracted 5.4 per cent in 2020, its worst plunge on record, despite a strong rebound in the final three months of the year,...
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German unemployment steady in February
BERLIN, March 2 — German unemployment was stable in February, official data showed today, despite the pain of prolonged shutdowns to slow the spread of Covid-19. The seasonally...
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India woos Tesla with offer of cheaper production costs than China
NEW DELHI, March 2 — India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making its...
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Amanah Ikhtiar Malaysia denies speculation that it will be privatised
KUALA LUMPUR, March 2 — Amanah Ikhtiar Malaysia (AIM) has denied speculation that it will be privatised. Executive chairman Datuk Seri Lajim Ukin said AIM still remains a...
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Eurozone inflation steady as energy prices recover
BRUSSELS, March 2 — The rise in eurozone consumer prices steadied in February, official data showed today, as the slump in energy prices sharply slowed despite the enduring...
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US giant Amazon launches Polish site
WARSAW, March 2 — US e-commerce giant Amazon today launched in Poland — one of the last major European countries without a dedicated Amazon site. “From today, Polish...
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Ringgit ends lower against US dollar for second day running
KUALA LUMPUR, March 2 — The ringgit ended lower against the US dollar for a second consecutive day today with the greenback somewhat stronger despite the risk-on mood in the...
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UWC’S Q2 net profit doubles on strong global semiconductor demand
KUALA LUMPUR, March 2 — UWC Bhd recorded a net profit of more than double to RM27.24 million for the second quarter ended January 31, 2021 (Q2 FY21) from RM13.31 million in the...
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Advancecon bags RM14.6m ECRL contract
KUALA LUMPUR, March 2 — Advancecon Holdings Bhd has clinched a RM14.6 million job from East Coast Rail Link (ECRL) project contractor, China Communications Construction (ECRL)...
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US-China trade tensions, Covid-19 pandemic boost Malaysia exports, according to UOB
KUALA LUMPUR, March 2 — UOB Group said the US-China trade tensions and the ongoing Covid-19 pandemic has benefited Malaysia’s exports as shipments to its top three trade...
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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny
BEIJING, March 2 — Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published today showed, as his peers prospered while his empire was...
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China extends innovation lead over US
GENEVA, March 2 — China, which last year overtook the United States as the world’s top filer of international patents, a key measure of technical innovation, increased its...
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Timber industry to rope in engineering grads under placement programme, says minister
PUTRAJAYA, March 2 — The timber industry will obtain the services of engineering graduates from local universities under the 2021 Timber Industry Engineer Placement and...
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Malaysia-Thailand border trade falls 9.1pc in 2020
BANGKOK, March 2 — Border trade between Malaysia and Thailand fell 9.1 per cent to 249 billion baht (RM33.4 million) last year as border closure to curb the spread of Covid-19...
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National AEO programme to boost economic growth, attract quality investments, says Customs D-G
PUTRAJAYA, March 2 — The national Authorised Economic Operator (AEO) programme will be able to boost economic growth, attract quality investments and increase the efficiency in...
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Bursa ends mixed, FBM KLCI up 0.17pc
KUALA LUMPUR, March 2 — Bursa Malaysia ended the day mixed, with the key index on positive territory lifted by selected heavyweights. At 5pm, the benchmark FBM KLCI gained 2.73...
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Short-term rates close stable on Bank Negara’s operations
KUALA LUMPUR, March 2 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. The...