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Money
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Ringgit stays higher as US dollar retreats amid Evergrande crisis
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Bank Negara: Banks need to be proactive, support borrowers in difficult times
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FBM KLCI climbs up 0.17pc at the close
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Hong Kong stocks end up after Evergrande-fuelled rout
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Top Glove’s shares down 11 sen after Bursa Malaysia uplifts dynamic price threshold
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Bursa Malaysia continues downtrend at mid-afternoon
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Evergrande chairman confident company will ‘walk out of its darkest moment’
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AmInvestment Bank: Evergrande debt crisis has limited impact on Bursa
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Bursa opens lower on weak Wall Street showing
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Ringgit opens higher despite cautious sentiment
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Tokyo’s Nikkei plunges more than 2pc on China debt crisis fears
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Shell scores deal to sell Permian oil assets to ConocoPhillips
WASHINGTON, Sept 21 — Royal Dutch Shell announced on Monday it was selling its assets in the shale-oil rich Permian Basin of the United States to rival ConocoPhillips for...
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External review finds deeper rot in World Bank ‘Doing Business’ rankings
WASHINGTON, Sept 21 — Weeks before the World Bank scrapped its flagship Doing Business rankings following a damning independent probe, a group of external advisers recommended...
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Universal Music valued at US$39b ahead of stock market debut
PARIS, Sept 21 — Universal Music Group, the world’s biggest label whose lineup features The Beatles and Taylor Swift, was valued at more than US$39 billion (RM163.5 billion)...
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Report: US securities regulator probes Activision over workplace practices
NEW YORK, Sept 21 — The US securities regulator is investigating Activision Blizzard’s handling of employees’ allegations of sexual misconduct and workplace discrimination,...
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Wall Street ends sharply lower in broad sell-off
WASHINGTON, Sept 21 — Wall Street plunged on Monday as fear of contagion from a potential collapse of China’s Evergrande prompted a broad sell-off and sent investors fleeing...
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Bill Gates raises over US$1b for clean energy
NEW YORK, Sept 21 — Bill Gates’s nonprofit group Breakthrough Energy announced Monday that it has raised more than US$1 billion (RM4.2 billion) from seven major companies,...
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Twitter to pay US$809m to settle suit claiming investors were misled
NEW YORK, Sept 21 — Twitter announced Monday it will pay US$809 million (RM3.3 billion) to settle a 2016 lawsuit alleging members of the social network’s leadership, including...
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Universal Music to make stock market debut on Euronext
PARIS, Sept 20 — Universal Music Group, the world’s biggest label whose lineup features The Beatles, Billie Eilish and Taylor Swift, is set for a huge stock market debut...
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Bank for International Settlements warns of potential green investments bubble
ZURICH, Sept 20 — The Bank for International Settlements, considered the central bank of central banks, warned today of a potential bubble forming around the boom for so-called...
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UK govt rules out winter gas supply emergency
LONDON, Sept 20 — Britain’s government does not expect a gas supply emergency during the winter as soaring prices threaten suppliers, Business Secretary Kwasi Kwarteng told...
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Volkswagen files offer for Europcar with French market regulator
BERLIN, Sept 20 — A consortium led by Volkswagen today handed in a proposal for a takeover of Europcar Mobility Group to France’s market regulator AMF, Volkswagen said today,...
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Sources: Didi co-founder Liu told associates she plans to leave
\HONG KONG, Sept 20 — Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said,...
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Wall Street tumbles on growth worries; focus turns to US Fed
NEW YORK, Sept 20 — Wall Street’s main indexes tumbled today, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in which the...
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EU court imposes daily fine on Poland for not shutting coal mine
LUXEMBOURG, Sept 20 — The EU’s top court today ordered Poland to pay Brussels a daily fine of €500,000 (RM2.4 million) for failing to shut a massive coal mine that angered...
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Covid-19 pandemic speeds innovation shift to Asia, says UN
GENEVA, Sept 20 — The Covid-19 pandemic sped up the shift of innovation from Europe and North America towards Asia, UN world rankings showed today. The Global Innovation Index...
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Hong Leong Industries posts higher net profit of RM291.88m in FY2021
KUALA LUMPUR, Sept 20 — Hong Leong Industries Bhd recorded a higher net profit of RM291.88 million in the financial year ended June 30, 2021 (FY2021) from RM169.32 million in...
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MDEC launches Malaysia Digital Creativity Festival 2021
CYBERJAYA, Sept 20 — Malaysia Digital Economy Corporation (MDEC) has launched the Malaysia Digital Creativity Festival (MYDCF) 2021, combining the Kre8tif! animation initiative...
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Middle East’s first Expo to open in Dubai under shadow of Covid-19 pandemic
DUBAI, Sept 20 — The first world fair to be held in the Middle East, Expo 2020 Dubai, opens its doors to exhibitors from almost 200 countries on October 1 after being delayed...
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BP gambles big on fast transition from oil to renewables
LONDON, Sept 20 — Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant’s...