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Money
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Asian shares tumble as global recovery hopes falter
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Ringgit further declines against US dollar at opening
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Bursa Malaysia extends losses to open lower
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China grants fresh quota under outbound QDII scheme amid yuan strength
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ByteDance applies for tech export licence in China amid TikTok deal talks
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Australia’s Westpac to pay record fine for money-laundering
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Sarawak firm secures big deal to export patin, tilapia to Singapore
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Dollar shines as virus, economy woes hit risk assets
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Automakers sue US government over tariffs on Chinese imports
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IMF official warns coronavirus will weigh on some economies for years
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Survey: China’s post-pandemic recovery has severe regional imbalances
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Oil-trading bribery probe widens with new US charges, guilty pleas
RIO DE JANEIRO, Sept 24 — US prosecutors charged a former US employee of a Swiss energy trading firm with bribery and a Florida company pleaded guilty to bribery as a probe into...
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Canada will spend big to combat coronavirus, saying now is not the time for austerity
OTTAWA, Sept 24 — Canada’s Liberal government, insisting yesterday that “this is not the time for austerity,” promised major new investments and initiatives to help the...
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UK’s finance minister to throw lifeline to some furloughed workers
LONDON, Sept 24 — British finance minister Rishi Sunak will announce new plans to support jobs today, as fears mount of a surge in unemployment when an existing £52 billion...
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Gridlock: UK warns industry to prepare for Brexit or face chaos
LONDON, Sept 24 — Britain told businesses yesterday to prepare for paperwork or face 100 km-long queues of trucks when the country fully leaves the EU next year, prompting...
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Dow lifted by Nike, Johnson & Johnson
NEW YORK, Sept 23 — The Dow got a boost early today from strong Nike results and progress on a Covid-19 vaccine from Johnson & Johnson, while the Nasdaq pulled back amid...
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Futures rise ahead of business activity data; Nike shines
SEPT 23 — US stock index futures rose today ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for...
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Ringgit continues downtrend against US dollar at close
KUALA LUMPUR, Sept 23 ― The ringgit extended its downtrend against the US dollar at the close today due to the stronger greenback, which is perceived as a safe haven currency,...
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US business activity slows; house prices jump
WASHINGTON, Sept 23 — US business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy...
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Wells Fargo CEO apologises for remark about lack of diverse talent
SEPT 23 — Wells Fargo & Co Chief Executive Officer Charles Scharf apologised today for “making an insensitive comment reflecting my own unconscious bias”, as the bank...
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Dutch say Air France-KLM cash boost might be needed
THE HAGUE, Sept 23 — Dutch Finance Minister Wopke Hoekstra said today the government was willing to discuss another cash injection for Air France-KLM should a multi-billion...
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August’s CPI within expectation, further OPR cut unlikely, says analyst
KUALA LUMPUR, Sept 23 — The 1.4 per cent year-on-year decline in Malaysia’s Consumer Price Index (CPI) in August 2020 — the sixth consecutive month of contraction since...
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Bursa Malaysia ends broadly lower
KUALA LUMPUR, Sept 23 — Bursa Malaysia ended the day broadly lower amidst weak sentiment shrouding regional markets. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...
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Ex-BT boss to lead UK telco-equipment vendor task force
LONDON, Sept 23 — Britain said a former boss of BT would lead a task force to advise on opening up the country’s telecoms equipment market after China’s Huawei was banned...
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PNS provides assistance to develop entrepreneurs through franchising, says minister
KOTA KINABALU, Sept 23 — Perbadanan Nasional Bhd (PNS), an agency under the Ministry of Entrepreneur Development and Cooperatives (MEDAC), is always opening up opportunities for...
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CPI falls 1.4pc y-o-y in August, latest statistics show
KUALA LUMPUR, Sept 23 — Malaysia's Consumer Price Index (CPI) declined 1.4 per cent year-on-year (y-o-y) to 120.1 in August 2020 from 121.8 in the same month last year, said the...
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Adidas, upbeat manufacturing PMIs lift European stocks
SEPT 23 — A jump in Adidas following an upbeat forecast from US rival Nike and better-than-expected euro zone manufacturing data on Wednesday helped European stocks extend a...
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Tech giants strike deal with advertisers over hate speech
WASHINGTON, Sept 23 — Web giants including Facebook have struck a deal with advertisers on how to identify harmful content such as hate speech, after an impasse over the issue...
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Bursa Malaysia remains broadly lower mid-afternoon
KUALA LUMPUR, Sept 23 — Bursa Malaysia remained broadly lower at mid-afternoon, in line with regional markets amidst weak market sentiment. As at 3.05pm, the benchmark FTSE...
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Aspen’s glove making factory to increase capacity
GEORGE TOWN, Sept 23 — Penang-based property development and real estate investment company, Aspen Group, has decided to increase the production capacity for Phase 1A of the...