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Money
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Bursa Malaysia ends morning session mixed
KUALA LUMPUR, June 17 — Bursa Malaysia ended the morning session mixed on cautious trading, ahead of the US Federal Reserve (Fed) meeting. A dealer said investors...
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Bursa Malaysia turns higher at mid-morning
KUALA LUMPUR, June 17 — Bursa Malaysia turned higher at mid-morning, lifted by buying in selected heavyweights such as Tenaga, Petronas Gas and Nestle, amid...
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BNM highlights pressing need for better national strategy on cybersecurity
KUALA LUMPUR, June 17 — There is a pressing need for the financial industry and nation to provide an enabling and secure framework for technological innovation, said Bank...
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Businesses clamour for Trump’s ear as US$300b in new China tariffs loom
WASHINGTON, June 17 — Washington is planning another tidal wave of tariffs on Chinese imports that represent a worst-case scenario for markets and major industries on both sides...
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Ecoworld shares up on new JV with PowerChina
KUALA LUMPUR, June 17 — Shares of Eco World Development rose slightly following the property developer’s joint venture announcement with Fortune’s Global 500...
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Ringgit opens lower against US dollar amidst heighten trade tension
KUALA LUMPUR, June 17 — The ringgit opened lower against the US dollar today as investors stayed on the sidelines due to uncertainty surrounding the global economy and...
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Bursa Malaysia easier at opening
KUALA LUMPUR, June 17 — Bursa Malaysia opened easier in tandem with the global weakness and sluggish Chinese industrial data, putting pressure on the poor economic growth...
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Tokyo stocks open lower with eyes on trade, central banks
TOKYO, June 17 — Tokyo stocks opened fractionally lower today, tracking falls on Wall Street, with investors’ eyes on the US-China trade war and key central bank meetings this...
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Dollar holds near two-week high after strong US retail data
TOKYO, June 17 — The dollar hovered near a two-week high early today, as strong US retail sales data tempered some of the fears about a sharp downturn in the world’s largest...
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Bloomberg: Huawei prepares for 40–60pc fall in international smartphone shipments
NEW YORK, June 17 — Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported yesterday. The Chinese technology...
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Boeing says will take time to win back confidence
PARIS, June 17 — The head of Boeing said yesterday the US planemaker had made a mistake in implementing a faulty cockpit warning system on the 737 MAX and predicted it would...
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Boeing crisis, trade tensions cast pall over air show
PARIS, June 17 — Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s largest planemakers as they arrive at this week’s...
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Sources: US chipmakers quietly lobby to ease Huawei ban
WASHINGTON, June 17 — Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the US government to ease its ban on sales to the Chinese tech...
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Lufthansa lowers 2019 targets over ‘low-cost’ competition
BERLIN, June 17 — German airline group Lufthansa said yesterday it has revised lower its 2019 outlook due to intense competition from low-cost carriers in Europe. It now expects...
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JCorp records RM5.616b in revenue for FY2018
JOHOR BARU, June 17 — Johor Corporation (JCorp) has recorded higher revenue of RM5.616 billion for the financial year ended Dec 31, 2018, compared with RM5.564 billion posted a...
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China prepared for long trade fight with the US, says party journal
SHANGHAI, June 16 — The United States has underestimated the Chinese people’s will to fight a trade war and Beijing is prepared for a long economic battle, an influential...
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Xinhua: China’s FedEx probe should not be seen as retaliation
SHANGHAI, June 16 — China’s investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the US company, state news agency Xinhua said...
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Saudi Arabia committed to Aramco IPO, says crown prince
RIYADH, June 16 — Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown...
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Negri Sembilan banks on business-friendly policies to attract investors, says MB
NILAI, June 16 — The Negri Sembilan government always subscribes to business-friendly policies to attract foreign and domestic investors to the state, said Menteri Besar Datuk...
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As headwinds grow, Singapore fresh grads adjust job expectations, embrace short-term contracts
SINGAPORE, June 16 — When Halida Thanveer Asana Marican started hunting for a job last December, she sent out only one or two applications. But when she did not get any replies,...
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From apples to almonds, India hikes tariffs on US goods
NEW DELHI, June 16 — India today imposed higher tariffs on 28 items imported from the US, in retaliation to Washington’s recent withdrawal of trade privileges for New Delhi....
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Zalora aims to remain top fashion player in Asean
KUALA LUMPUR, June 16 — South-east Asian e-commerce platform Zalora aims to maintain its position as a top fashion player in the region due to the good performance seen in all...
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Fall in cobalt price pushes DR Congo to reform economy
KINSHASA (DR Congo), June 16 — The Democratic Republic of Congo’s new leadership is under mounting pressure to diversify the country’s economy from its dependence on raw...
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US Fed leans toward a cut; don’t expect one this week
WASHINGTON, June 16 — As President Donald Trump’s trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut...
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Local institutions emerge as net buyers post-Raya
KUALA LUMPUR, June 16 — Local institutions emerged as net buyers of Malaysian equities post-Hari Raya celebrations, injecting RM139.2 million versus a net sell of RM306.72...
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Malaysia aspires to be E&E hub despite escalating US-China tech war
KUALA LUMPUR, June 15 — With the escalating technology war between the United States and China, giant tech companies have had to slash their future revenue forecast due to...
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Saudi crown prince says to finalise US$533m privatisation deals this year, reports Asharq al-Awsat
RIYADH, June 16 — Saudi Arabia’s crown prince said today that the government will finalise privatisation deals worth 2 billion riyals (US$533 million) before the end of this...
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Gulf powers urge action to secure energy supplies as tankers port-bound
DUBAI, June 16 — Saudi Arabia and the UAE yesterday called for decisive action to protect energy supplies amid a tense US-Iran standoff as two tankers attacked in a vital Gulf...
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G20 energy ministers to collaborate to keep market stability
KARUIZAWA, Japan, June 15 — Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain...
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Turkey hits out at Moody’s after credit rating cut
ANKARA, June 15 — Turkey today lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over...
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Chinese state media urges retribution after UBS economist’s ‘insult’
BEIJING, June 15 — Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded...
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US auto workers at VW plant reject bid to unionise
DETROIT, June 15 ― The United Auto Workers (UAW) union has suffered a fresh defeat at a Volkswagen plant in Tennessee, with workers narrowly voting down a move to organise the...
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Report: Trump says 'it doesn't matter' if China's Xi attends G20
WASHINGTON, June 15 ― US President Donald Trump said yesterday “it doesn't matter” if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the...