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Money
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Bursa Malaysia ends at intra day high on institutional support
KUALA LUMPUR, Aug 23 — Bursa Malaysia ended at an intra-day high backed by institutional support in selected heavyweights, especially government-linked counters at the eleventh...
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European shares grind higher ahead of Powell speech
LONDON, Aug 23 — European shares inched higher early today, with all eyes on a speech by US Federal Reserve Chief Jerome Powell for signs that the central bank is on course to...
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Sterling falls as doubts about Brexit backstop hopes grow
LONDON, Aug 23 — The pound today gave back some of the gains it made the day before as investors reassessed whether British Prime Minister Boris Johnson had made any progress in...
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Hong Kong unions urge Cathay Pacific to end ‘white terror’
HONG KONG, Aug 23 — Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to...
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Hong Kong stocks finish week on positive note
HONG KONG, Aug 23 — Hong Kong shares ended the week with a healthy rise today as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell...
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Bursa Malaysia remains mixed at mid-afternoon
KUALA LUMPUR, Aug 23 — Trading on Bursa Malaysia remained mixed at mid-day as the benchmark index inched closer to positive territory while market breadth stayed in red. ...
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FTSE rebounds ahead of Powell speech as Entertainment One soars
LONDON, Aug 23 ― London's FTSE 100 bounced back today ahead of US Federal Reserve Chairman Jerome Powell's much-anticipated speech, while Peppa Pig owner Entertainment One rose...
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India Inc grows impatient as economy dips and Modi is distracted
MUMBAI, Aug 23 ― When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big...
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Bursa Malaysia mixed at mid-day
KUALA LUMPUR, Aug 23 ― Bursa Malaysia turned mixed at mid-day as the benchmark index was in positive territory, while market breadth remained negative. At 12.30pm, the FTSE...
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Indonesia tells some Jakarta supermarkets to remove 'palm oil-free' products
JAKARTA, Aug 23 ― Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with “palm oil-free” labels from their shops, a...
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Russia’s Rosneft becomes top Venezuelan oil trader, helping offset US pressure
MOSCOW, Aug 23 ― Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of...
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Malakoff posts RM52.25m net profit for Q2
KUALA LUMPUR, Aug 23 — Malakoff Corporation Bhd’s net profit was marginally lower at RM52.25 million for the second quarter ended June 30, 2019, from RM52.55 million recorded...
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Astro stocks ease following data breach
KUALA LUMPUR, Aug 23 ― Share prices of satellite television provider, Astro Malaysia Holdings Berhad fell in early trading after it suffered another data breach, the second...
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Bursa Malaysia stays in negative territory at mid-morning
KUALA LUMPUR, Aug 23 ― Bursa Malaysia remained in the negative territory at mid-morning, with heavyweight counters remaining as the top contributors in paring down the composite...
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Asian stocks shaky before Powell's speech as growth woes weigh
TOKYO, Aug 23 ― Asian shares struggled to make any headway today as weak US manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates...
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Bursa Malaysia opens lower as financial counters slide
KUALA LUMPUR, Aug 23 ― Bursa Malaysia slipped lower at the opening as heavyweight financial counters led the sell-off ahead of the widely anticipated speech by the US Federal...
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Ringgit opens slightly against US dollar
KUALA LUMPUR, Aug 23 ― The ringgit opened slightly higher against the US dollar as investors squared off their position from holding the greenback ahead of US Federal Reserve...
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Dollar holds steady ahead of Fed speech, kiwi jumps on RBNZ comments
TOKYO, Aug 23 ― The dollar held steady in Asia today on expectations US Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered...
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FTSE 100 falls after Fed minutes, pound rally
LONDON, Aug 23 ― London's FTSE 100 fell yesterday as the latest signals from the US Federal Reserve dampened hopes of hefty interest rate cuts, while exporter stocks slipped as...
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European shares tumble in choppy session, FTSE lags
FRANKFURT, Aug 23 ― European shares fell yesterday as mixed readings of business growth across major economies and uncertainty over the US interest rate outlook made investors...
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S&P 500 little changed in economic data offset, ahead of Fed chair's speech
NEW YORK, Aug 23 ― The benchmark S&P 500 ended little changed yesterday as a fall in US jobless claims offset data showing a contraction in US manufacturing activity while...
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Global stocks edge lower as investors eye Fed's Jackson Hole meeting
NEW YORK, Aug 23 ― An index of stock markets worldwide crept lower yesterday on uncertainty over the outlook for US interest rate cuts and weak US manufacturing data that raised...
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White House mulling tax cuts but not to counter short-term weakness, says adviser
WASHINGTON, Aug 23 ― The Trump administration is studying tax cuts to buttress long-term US economic growth that could be rolled out during the 2020 election campaign but is not...
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US Export-Import Bank seeks vote on US$5b loan to Mozambique LNG project
WASHINGTON, Aug 23 ― The US Export-Import Bank (EXIM) said yesterday its board intends to vote on a US$5 billion (RM20.9 billion) direct loan for the development of a liquefied...
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US plans in-person China trade talks next month, says White House adviser
WASHINGTON, Aug 23 ― The Trump administration is still planning for a round of in-person talks between US and Chinese officials in September after a constructive exchange this...
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Trump's message to G7 leaders this weekend: Be more like US
WASHINGTON, Aug 23 — President Donald Trump will highlight US economic policies under his stewardship at meetings with other G7 leaders this weekend in France and encourage...
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EU set to halt imports of Canadian cherries, other fruits
OTTAWA, Aug 23 ― The European Union will halt imports of Canadian cherries and other fresh fruits starting September 1 as it enforces new import requirements related to pests,...
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Wall Street falls after disappointing data, Fed policymakers dampen rate cut hopes
NEW YORK, Aug 22 — US stocks turned lower today as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts...
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Sterling jumps as traders cling to Merkel’s Brexit backstop comments
LONDON, Aug 22 — The pound was on course for its best day in months today after traders interpreted comments from German Chancellor Angela Merkel to mean that a solution to the...
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Minister: Asean makes progress in implementing AEC Blueprint 2025
MELBOURNE, Aug 22 — Asean has made considerable progress in the implementation of the Asean Economic Community (AEC) Blueprint 2025, said Minister of International Trade and...
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Eurozone bankers warn of 'more protracted' slowdown
BERLIN, Aug 22 — Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package of stimulus...
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China buys US soybeans after declaring ban on American farm goods
CHICAGO, Aug 22 — China snapped up a small volume of US soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between...
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Trump attacks, economic fears focus spotlight on Fed’s Powell speech
WASHINGTON, Aug 22 — When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell’s...