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Money
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Bursa Malaysia turns mixed at mid-morning
KUALA LUMPUR, Jan 22 — Bursa Malaysia turns mixed at mid-morning due to profit-taking activities as fresh weakness across the globe clouded the local stock market. At 11.10am,...
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China stocks tumble on virus outbreak, but regional markets steady
SINGAPORE, Jan 22 — Asian stock markets bounced today as China’s response to a virus outbreak tempered fears of a global pandemic, although Shanghai shares slipped amid...
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South Korea posts lowest growth in a decade for 2019
SEOUL, Jan 22 — South Korea’s economy expanded at its slowest pace for a decade last year, hampered by prolonged trade tensions between the US and China and the sluggish...
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Social mobility: Singapore tops South-east Asia but ranks 20th overall in global study
SINGAPORE, Jan 22 — A new report by the World Economic Forum (WEF) on social mobility has found that despite outperforming its South-east Asian neighbours, Singapore ranks 20th...
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Under Armour looking for a second wind after difficult 2019
BALTIMORE, Jan 22 — Huge Under Armour billboards dot the streets of Baltimore, with photos of famous athletes sponsored by the sports equipment supplier, like heavyweight boxer...
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Bursa Malaysia opens lower but rises thereafter
KUALA LUMPUR, Jan 22 — Bursa Malaysia opened lower but continued its upwards momentum thereafter, lifted by gains in selected heavyweights. At 9.28am, the FTSE Bursa...
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Ringgit slips at open due to market jitters on coronavirus
KUALA LUMPUR, Jan 22 — The ringgit extended yesterday’s loss to open lower today due to market jitters about the outbreak of coronavirus in...
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Australian consumer gloom worsens amid devastating bushfires
SYDNEY, Jan 22 — Australian consumer pessimism deepened in January as households fretted about the economic impact of devastating bushfires that killed 29 people, millions of...
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Yen supported, yuan frail on coronavirus concerns
TOKYO, Jan 22 — The yen was supported while the yuan was on the back foot today as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting...
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China virus scare sends shudder through European luxury goods sector
MILAN, Jan 22 — European luxury stocks slumped across the board yesterday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had...
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Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes
WASHINGTON, Jan 22 — Toyota Motor Corp said yesterday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in...
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Central banks examine setting up own cryptocurrencies
ZURICH, Jan 22 — A group of central banks yesterday said they would discuss creating their own digital currencies — as Facebook prepares to launch a cryptocurrency and...
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Germany launches raids over suspected Mitsubishi diesel fraud
FRANKFURT AM MAIN, Jan 22 — German prosecutors yesterday said they were searching business premises across the country as part of an investigation into suspected diesel...
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Netflix ramps up global subscribers, but sees slower growth ahead
SAN FRANCISCO, Jan 22 — Netflix said yesterday it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape, but...
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Boeing says 737 MAX return delayed until mid-2020
NEW YORK, Jan 22 — Boeing yesterday officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging and overshadowing an earlier...
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Trump administration won’t turn over auto import probe report, defying Congress
WASHINGTON, Jan 22 — The Trump administration is snubbing Congress by refusing to turn over a report detailing an investigation into national security risks potentially posed by...
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Mnuchin: Trade deals boosting US growth, Boeing 737 MAX a drag
DAVOS, Jan 21 — Recent trade deals with China and neighbouring Mexico and Canada will boost growth in the United States this year but the ongoing crisis surrounding Boeing’s...
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First flight of Boeing’s 777X set for Thursday, say sources
NEW YORK, Jan 21 — Following months of delay, Boeing plans the first flight for its new long-range 777X on Thursday, two people with knowledge of the matter said today. The date...
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US stocks pull back from records a virus fears hit markets
NEW YORK, Jan 21 — Wall Street stocks joined other global equity markets today in declining on news of a new virus outbreak in China, pulling back from records. Leading US...
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Virus fears infect global markets
LONDON, Jan 21 — Global stock markets slumped today as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a knock also from a credit-ratings...
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Trump, EU commission chief discuss ‘trade deal’ in Davos
DAVOS, Jan 21 — US President Donald Trump said at a meeting today in Davos with new EU Commission President Ursula von der Leyen that they were discussing a trade deal. Trump,...
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Trump calls for more overseas investment in US as impeachment trial begins
DAVOS, Jan 21 — Thousands of miles from his Washington impeachment trial, President Donald Trump took centre stage at Davos to tout the success of the US economy, while...
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Trump rejects climate ‘prophets of doom’ as Thunberg warns Davos
DAVOS, Jan 21 — US President Donald Trump today assailed environmental “prophets of doom”, delivering an uncompromising message in Davos after Swedish teenage campaigner...
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Huawei chief says US may ‘escalate’ but confident on business
DAVOS, Jan 21 — The chief executive of Chinese telecoms giant Huawei today said he was ready for the United States to escalate a “campaign” against the firm this year but...
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France, US agree to extend digital tax row talks
PARIS, Jan 21 — Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year,...
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US Treasury’s Mnuchin says Phase 2 trade deal may not remove all tariffs, reports WSJ
WASHINGTON, Jan 21 — The Phase 2 trade deal with China would not necessarily be a “big bang” that removes all existing tariffs, US Treasury Secretary Steven Mnuchin told the...
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ECB: Corporate loan demand falls for first time since 2013
FRANKFURT, Jan 21 — Corporate demand for bank loans in the eurozone fell in the final quarter of 2019 for the first time in six years, the ECB said today, suggesting that a...
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Airbus to build second production line in France for A321 jets
PARIS, Jan 21 — European aircraft maker Airbus said today it will build a new production line for its hugely popular A321 single-aisle jet in France, adding to the output of the...
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Global resource consumption tops 100 billion tonnes for first time
PARIS, Jan 21 — The world is using up more than 100 billion tonnes of natural resources per year for the first time ever while global recycling of raw materials has fallen,...
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Ministry to organise programme to help SMEs gain access to financing
KUALA LUMPUR, Jan 21 — The Ministry of Entrepreneur Development (MED) will organise a programme to assist small and medium enterprises (SME) gain access to funding to expand...
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Ringgit ends lower against US dollar
KUALA LUMPUR, Jan 21 — The ringgit closed lower versus the US dollar in line with other emerging Asian currencies, taking cue from the fall of the Chinese yuan and lack of risk...
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Bursa Malaysia ends in the red
KUALA LUMPUR, Jan 21 — Bursa Malaysia ended in the red today in line with the downtrend in regional markets, as losses in selected heavyweights put pressure on the local index....
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Sterling holds steady ahead of crucial labour market data
LONDON, Jan 21 — Sterling held above US$1.30 (RM5.30) ahead of UK labour market data today that, if disappointing, will provide a further signal that the Bank of England could...