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Money
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Nestle Malaysia chalks up higher Q1 profit of RM235m
KUALA LUMPUR, April 23 — Nestle (Malaysia) Bhd recorded a higher net profit of RM235 million for the first quarter (Q1) ended March 31, 2019, compared with RM231 million in the...
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China wins Belt and Road fans but criticism persists
BEIJING, April 23 — President Xi Jinping will lead a hard sales push at a Beijing summit this week, to corral more countries into a global infrastructure project at the core of...
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Japan's 10-day break to fete new emperor may breathe life into economy
TOKYO, April 23 — Japan's unprecedented 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost....
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5G technology to give major impact to economy, says Gobind
KUALA LUMPUR, April 23 — Communications and Multimedia Minister Gobind Singh Deo said the application of the fifth generation technology or better known as 5G will give a major...
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Luckin Coffee, Starbucks rival in China, files for US IPO
BEIJING, April 23 — China's homegrown coffee chain Luckin Coffee has filed to list publicly in the US as the loss-making company battles to dethrone Starbucks in its home...
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India to get extra oil from major producers to make up for Iran oil loss, says minister
NEW DELHI, April 23 — India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India's Petroleum and Natural Gas...
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Bursa firmer at mid-day
KUALA LUMPUR, April 23 — Bursa Malaysia was firmer at mid-day today, lifted by buying interest in selected heavyweight stocks, namely Malaysia Airports and Tenaga, dealers said....
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Malaysian small businesses big on growth, says CPA Australia
KUALA LUMPUR, April 23 — Malaysia's small business sector in 2018 experienced positive business conditions, as confidence in business and economic growth marks its highest point...
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Oil price rise pushes up euro zone debt yields
LONDON, April 23 — Government bond yields in the euro area nudged up today, as oil prices rose to their highest levels this year and the European Central Bank's Benoit Coeure...
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Sarawak-China trade at RM18.91b last year
KUCHING, April 23 — Trade between Sarawak and China rose by 16.8 per cent to RM18.91 billion last year with exports from the state recording RM12.07 billion and imports at RM6.8...
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Bursa Malaysia marginally higher at mid-morning
KUALA LUMPUR, April 23 — Bursa Malaysia was marginally higher today supported by mild buying interest in banking and energy stocks, dealers said. At 11.01am, the benchmark FTSE...
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Ekovest, IWCity slip on non-involvement statement in Bandar Malaysia
KUALA LUMPUR, April 23 — Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity) shares, the most actively-traded stocks this morning, fell following clarification statements...
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Japan expects limited impact from US move to scrap Iran oil sanction waivers
TOKYO, April 23 — Japan expects a limited impact from the US decision not to renew waivers it had previously granted on Iran oil import sanctions, trade and industry minister...
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Ringgit marginally lower in early trade
KUALA LUMPUR, April 23 — The ringgit traded marginally lower against the US dollar in early trade today on lack of demand. At 9.05am, the local unit traded at 4.1310/1360...
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Bursa opens higher on strong oil prices
KUALA LUMPUR, April 23 — Bursa Malaysia opened higher today in tracking the better overnight performance of Wall Street and firmer oil prices, dealers said. At 9.10am, the...
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Asian shares steady after Easter weekend, oil hits 2019 highs
TOKYO, April 23 — Asian shares were little changed today, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing...
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Boeing seeks to exit crisis mode as it reports results
NEW YORK, April 23 — Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to...
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Iran says ready for US oil waivers end, as Guards threaten to shut Hormuz
DUBAI, April 23 — Tehran is prepared for a US decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said yesterday, as the Revolutionary...
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RBS tops up small business support fund, downplays Brexit effect
LONDON, April 23 — British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to £6 billion (RM32.2 billion), but says...
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US home sales tumble as supply constraints linger
WASHINGTON, April 23 — US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be...
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Cain withdraws from Fed consideration, citing lower pay, influence
WASHINGTON, April 23 — Herman Cain, facing resistance from his own political party as US President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew...
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Model S fire video adds to Tesla woes pre-results
SHANGHAI, April 23 — Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 per cent yesterday, as it...
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US dollar slips in holiday-thinned trade as loonie, ruble ride oil gains
NEW YORK, April 22 — The US dollar edged lower against a basket of currencies in thin holiday-impacted trading yesterday, while a jump in the price of oil on news Washington...
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Wall Street near flat in quiet session ahead of earnings wave
NEW YORK, April 23 — US stocks ended a low-volume trading session little changed yesterday, with the biggest gains in the energy sector as investors otherwise stayed on the...
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Riyadh to ‘stabilise’ oil market after US move to end Iran waivers, says minister
RIYADH, April 22 — Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia’s Energy...
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Trump says Opec can step up output after Iran waivers
WASHINGTON, April 22 — US President Donald Trump said today that Saudi Arabia and other Opec nations could “more than make up” for any drop in Iranian oil supplies to global...
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AirAsia keen to buy digital platforms to boost digital business
SEPANG, April 22 — AirAsia Group Bhd is keen to acquire digital platforms abroad to boost its digital business segment. AirAsia Group chief executive officer Tan Sri Tony...
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Oil prices gain as US ends waivers for Iranian crude
NEW YORK, April 22 — Oil prices gained today as the Trump administration ended waivers for countries that had been importing Iranian crude in spite of US sanctions. Near 1250...
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Futures pull back ahead of earnings; oil stocks jump
NEW YORK, April 22 — US stock index futures dipped today as investors returned from their Easter break and took a cautious stance at the beginning of what is expected to be the...
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Ringgit unchanged against US dollar
KUALA LUMPUR, April 22 — The ringgit was unchanged against the US dollar at today’s close on lack of demand for the local note, amid weaker Asian currencies after the Easter...