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Money
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Trump threatens tariffs on European cars if no EU trade deal
WASHINGTON, Feb 21 — President Donald Trump yesterday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European...
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Ringgit opens lower on profit taking
KUALA LUMPUR, Feb 21 — The ringgit opened marginally lower versus the US dollar this morning on profit-taking after it closed at the highest level in more than...
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Fitch may cut UK’s ‘AA’ rating on Brexit uncertainty
LONDON, Feb 21 — Fitch Ratings said yesterday it may downgrade the United Kingdom’s ‘AA’ debt rating based on growing uncertainty about the negotiations between Britain...
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Wall Street ends up slightly as Fed minutes support cautious stance
NEW YORK, Feb 21 — US stocks ended higher yesterday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be...
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Brazil sees US$300b in savings over 10 years with pension reform
BRASILIA, Feb 21 — Brazil expects to save more than US$300 billion (RM1.2 trillion) over 10 years through a bill presented to Congress yesterday that aims to overhaul the...
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Fed says US growth easing as global risks rise
WASHINGTON, Feb 21 — The Federal Reserve believes US growth will “step down” this year from last year’s rapid pace amid rising global risks, including from tense trade...
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US stocks edge up ahead of Fed minutes
NEW YORK, Feb 20 — Wall Street stocks edged higher early today ahead of Federal Reserve meeting minutes that will shed light on last month’s dovish tilt by the central bank....
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Swiss bank UBS fined €3.7b in French tax fraud case
PARIS, Feb 20 — A Paris court today fined Swiss banking giant UBS €3.7 billion (RM17 billion) in a tax fraud case, a record for such a case in France. The bank was convicted...
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China will not change prudent monetary policy, says Li
BEIJING, Feb 20 — China has not and will not change its prudent monetary policy and will not resort to “flood-like” stimulus, Premier Li Keqiang said today. Market...
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Ringgit surges on positive market sentiment
KUALA LUMPUR, Feb 20 — Steady crude oil prices, positive market sentiment in Malaysia and optimism over US-China trade talks pushed the ringgit to finish at...
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Indonesia seeks multi-billion S. Korea trade deal by November
JAKARTA, Feb 20 — Indonesia aims to sign a long-stalled free trade deal with South Korea by November in a move that could boost two-way trade by billions of dollars, its trade...
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Bursa closes higher on buying sentiment
KUALA LUMPUR, Feb 20 — Bursa Malaysia ended the day higher as stronger buying demand in heavyweights helped lift the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI). At 5pm,...
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Public Bank’s FY18 net profit up 2.2pc to RM5.59b
KUALA LUMPUR, Feb 20 — Public Bank Bhd’s net profit rose to RM5.59 billion in the financial year ended Dec 31, 2018 (FY18), up 2.2 per cent from RM5.47 billion...
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Asia shares scale 4.5-month peak on hopes of US-China trade deal
TOKYO, Feb 20 — Asian stocks advanced to 4.5-month highs today as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their...
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Bursa's climb continues at mid-afternoon
KUALA LUMPUR, Feb 20 — Bursa Malaysia remained higher at mid-afternoon due to gains in heavyweights as market sentiment was lifted by higher US stock performance and optimism...
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Broad investor support lifts Bursa at mid-day
KUALA LUMPUR, Feb 20 — Bursa Malaysia closed the morning session higher on stronger across-the-board buying demand, following Wall Street’s overnight gains. At 12.30 pm, the...
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Petronas-linked counters among top gainers at mid-morning
KUALA LUMPUR, Feb 20 ― Petronas-linked counters were the top gainers at mid-morning, following reports of gas discovery at the Repsol-operated Sakakemang PSC, onshore Central...
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Swiss bank UBS faces French court ruling on fraud charges
PARIS, Feb 20 — A Paris court will rule today on whether Swiss banking giant UBS illegally tried to help French clients hide billions of euros from French tax authorities,...
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Loan of US$100m from Taiwan gives lifeline to Nicaragua's Ortega
MANAGUA, Feb 20 — Nicaragua's congress yesterday accepted a US$100 million (RM408 million) loan offered by Taiwan, giving a line of support to President Daniel Ortega's...
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Bursa Malaysia remains higher at mid-morning
KUALA LUMPUR, Feb 20 ― Bursa Malaysia remained higher at mid-morning today on improved buying sentiment across-the-board, following Wall Street’s overnight gains. At 11.15am,...
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US debt hits record under Trump, Republicans mum
WASHINGTON, Feb 20 — More massive than the US economy, the national debt hit a new record of US$22 trillion (RM89.7 trillion) under President Donald Trump but Republicans who...
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Japan trade deficit expands in January as China-bound exports fall
TOKYO, Feb 20 — Japan's trade deficit for January grew from a year earlier with exports to China tumbling in their worst decline in three years, government data showed today....
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Amid trade talks, China urges US to respect its right to develop, prosper
BEIJING, Feb 20 — The United States should respect China's right to develop and become prosperous, the Chinese government's top diplomat told a visiting US delegation,...
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Singapore developers want cooling measures eased, minister says ‘bitter medicine’ unavoidable at times
SINGAPORE, Feb 20 — As Singapore developers urged the government to review certain property cooling measures, Finance Minister Heng Swee Keat said yesterday that “bitter...
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Ringgit extends gains in early trade
KUALA LUMPUR, Feb 20 — The ringgit extended yesterday’s uptrend to opened higher against the US dollar this morning as demand for the greenback was fragile amid uncertainty...
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Bursa tracks Wall Street gains to open higher
KUALA LUMPUR, Feb 20 — Shares on Bursa Malaysia opened higher today, lifted by stronger buying support in most heavyweights following Wall Street’s overnight gains. At 9.05...
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Asia stocks up slightly, eyes on US-China talks, Fed minutes
TOKYO, Feb 20 — Asian stocks gained a tad yesterday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers'...
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US dollar sags on lower yields, Fed minutes in focus
TOKYO, Feb 20 — The US dollar sagged against its peers today in the wake of falling US yields and as investors remained cautious ahead of the Federal Reserve's policy meeting...
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Is high finance growing a social conscience?
LONDON, Feb 20 — Financiers who turnaround companies by injecting them with capital are increasingly considering the environmental and social impact of their investments,...
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US economy to see another strong year, recession unlikely, says White House
WASHINGTON, Feb 20 — The US economy should continue growing this year at the same pace seen in 2018, and there is only a very slim chance of recession, the chief White House...