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E-commerce sales declined for the first time during the so-called 618 festival that ended last week, reports said, reflecting the pressures building up on retailers who are already locked in a gruelling price war. ― Reuters file pic

China's retail outlook dims after mid-year shopping festival flop

The S&P 500 lost 15.73 points, or 0.29 per cent, to end at 5,448.89 points, while the Nasdaq Composite lost 190.19 points, or 1.09 per cent, to 17,499.17. ― Reuters pic

Dow closes at a one-month high as investors broaden portfolios

A 30-day consultation with industry and unions will start on July 2 on potential actions such as an import surtax on Chinese EVs, making Chinese EVs ineligible for federal rebates, and foreign investment restrictions. —  Reuters file pic

Canada eyes Chinese EV tariffs after US, EU actions

The Fed has a dual mandate to keep prices stable and maximise sustainable employment, and has spent much of the last two years hiking and then holding interest rates in order to bring US inflation down toward its long-term target of two per cent. — Reuters pic

Senior Fed official warns of 'risk' to US labour market

Canada could soon be imposing tariffs on China electric cars, following in the footsteps of allies such as the US.  — AFP pic

Canada says it might impose import tariffs on Chinese EVs

Dollar/yen topped at ¥159.94 in early trade, its highest since April 29, when the yen touched a 34-year low of ¥160.245, leading to Japanese authorities spending roughly ¥9.8 trillion to support the currency. — Reuters pic

Dollar weakens after yen steadies amid intervention jitters

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Bupa and Quality HealthCare Medical Services Receive HKQAA ESG Connect Recognition

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Galaxy Macau Champions International Cities Of Gastronomy Fest Macao Bolstering Macau's Identity as a UNESCO Creative City of Gastronomy with Culinary Excellence

The investigation of a suspected fragrance cartel, which was opened in March 2023 and also targets Swiss companies Givaudan and Firmenich International as well as German player Symrise, is ongoing, the Commission added. — Reuters pic

EU fines IFF for obstructing investigation of suspected fragrance cartel

The China-founded company, which was valued at US$66 billion (RM311 billion)  in a fundraising round last year, started engaging with its financial and legal advisors to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. — Reuters file pic

Fast-fashion retailer Shein filed for London listing in early June, sources say

At 6 pm, the ringgit was trading at 4.7110/7150 versus the greenback compared with last Friday’s close of 4.7110/7145. — Picture by Miera Zulyana

Ringgit ends flat versus US dollar

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OneMagnify celebrated for third consecutive year as One of India's Best Places to Work in 2024

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EFT Solutions entered in a MOU with Mongolbank, First Hong Kong ePayment technical partner to accelerate local digital transformation

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HKSTP’s Startup BioMap Secured Funding from HKIC for AI and Biotech Development

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was marginally lower by 0.05 per cent or 0.71 of-a-point to 1,589.66 from last Friday’s close of 1,590.37. — Picture by Zuraneeza Zulkifli

Bursa Malaysia continues slide as profit-taking persists

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Informa Markets Drives Thai Medical Laboratory and Healthcare Industry Through "Medlab Asia and Asia Health 2024"