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Money
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Trade hopes lift Asia markets but investors eye deadline
HONG KONG, Dec 6 — Optimism over the China-US trade talks kept Asian markets buoyant today, with investors betting the two will eventually sign a partial deal, though they...
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AirAsia Group expects non-airline business to contribute 60pc to revenue
KUALA LUMPUR, Dec 6 — AirAsia Group Bhd expects its non-airline ticketing business to contribute 60 per cent to revenue, from about 20 per cent currently, in the next...
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BNM’s international reserves remain at US$103.2b
KUALA LUMPUR, Dec 6 — Bank Negara Malaysia’s (BNM) international reserves remained unchanged for three straight periods at US$103.2 billion US$1=RM4.16) as at November 29...
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Bursa Malaysia remains higher at mid-afternoon
KUALA LUMPUR, Dec 6 — Bursa Malaysia remained higher at mid-afternoon today, supported by continued buying momentum in selected plantation and transportation...
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Banks remain willing to lend to bankable households, businesses
KUALA LUMPUR, Dec 6 — Banks remain willing to lend to bankable households and businesses, and has approved roughly three out of four housing loan applications they...
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China says to exempt 'some' US soybean, pork from tariffs
BEIJING, Dec 6 — China said today it will offer a tariff waiver to "some" imports of US soybean and pork, in the latest sign of easing trade tensions between Beijing and...
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Returning General Motors workers seen boosting US Nov payrolls
WASHINGTON, Dec 6 — US job growth likely accelerated in November as former striking workers returned to General Motors’ payrolls, which would confirm that the economy remained...
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Dollar drifts down as investors eye payrolls and a busy week ahead
SINGAPORE, Dec 6 — The dollar headed for its worst week since October today, dragged down by nervousness on trade and hints of weakness in the US economy, with domestic factors...
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Bursa Malaysia ends morning session higher
KUALA LUMPUR, Dec 6 — Bursa Malaysia ended the morning session higher today, in line with most regional markets as investors’ optimism over the United...
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Jetstar pilots vote in favour of industrial action over pay deal
SYDNEY, Dec 6 — The pilots of budget airline Jetstar have voted in favour of industrial action that could delay flights in the coming weeks after failing to agree on a pay deal,...
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NGOs: Banks gave US$745b to groups planning new coal power plants
PARIS, Dec 6 — Financial institutions have channeled US$745 billion over the past three years into companies planning new coal-fired power plants, according to a report by...
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Affin Hwang Capital upgrades rubber products sector to ‘overweight’
KUALA LUMPUR, Dec 6 — Affin Hwang Capital upgraded the rubber products (gloves) sector to ‘overweight’ from ‘neutral’, despite the weak nine months of 2019 results....
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Bursa Malaysia remains slightly higher at mid-morning
KUALA LUMPUR, Dec 6 — Bursa Malaysia remained slightly higher at mid-morning today, driven by emerging buying activities and in line with an uptrend in regional...
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Stronger demand lifts ringgit in early trade
KUALA LUMPUR, Dec 6 — The ringgit was higher against the US dollar in early trade today on better demand for the local note, amidst softer-than-expected...
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Report: Major US, global cities slowing amid worldwide slump
WASHINGTON, Dec 6 — The blockbuster growth in the world’s major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll,...
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Bursa Malaysia opens lower but rebounded thereafter
KUALA LUMPUR, Dec 6 — Bursa Malaysia opened lower but rebounded thereafter, driven by continued buying activities in selected heavyweights, in line with the sentiment...
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Marathon Opec meeting breaks up without agreement
VIENNA, Dec 6 — A meeting of the Opec group of major oil-exporting countries broke up late yesterday without agreement on cutting production to head off pressure on prices from...
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World Bank adopts US$1b-plus annual China lending plan over US objections
WASHINGTON, Dec 6 — The World Bank said its board yesterday adopted a new plan to aid China with US$1 billion to US$1.5 billion in low-interest loans annually through June 2025,...
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Saudi Aramco: The oil colossus
DUBAI, Dec 6 — State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world’s biggest flotation by...
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Trump upbeat on US-China talks as Beijing underscores tariff-cut demands
WASHINGTON, Dec 6 — US-China trade talks are “moving right along,” President Donald Trump said yesterday, striking an upbeat tone even as Chinese officials held fast to...
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Shares firm, oil near two-month high after deeper output cut
TOKYO, Dec 6 — Asian stocks held firm today as US President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs...
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Japan firms brace for economic contraction after Olympics, seek more stimulus
TOKYO, Dec 6 — Japanese firms are overwhelmingly expecting the economy to contract after the 2020 Tokyo Olympics following growth in the run-up to the event, prompting a call...
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25 billion reasons: Why Saudi is listing its crown jewel
DUBAI, Dec 6 — Saudi oil giant Aramco has raised US$25.6 billion (RM106.7 billion) in the world’s biggest initial public offering, sources told AFP. The oil-rich kingdom has...
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India’s poor fight desperate battle to find work as slowdown bites
NEW DELHI, Dec 6 — The hunt for work becomes more desperate every day on Delhi’s street corner labour markets as India’s economic slowdown bites deeper, piling pressure on...
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WTO provisionally approves 2020 budget, likely averting shutdown
GENEVA, Dec 6 — World Trade Organisation members provisionally agreed yesterday on a 2020 budget, likely averting a shutdown risk triggered by US threats to block funding over...
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Wall Street dips on lack of fresh update on trade talks
NEW YORK, Dec 5 — Wall Street’s main indexes dropped today, as investors stayed away from making riskier bets owing to a lack of new developments in US-China trade talks. The...
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Norway ramps up W.Europe’s largest oilfield as oil’s future questioned
OSLO, Dec 5 — Norwegian oil worker Nils Magne Lunde is preparing to drill a well at Johan Sverdrup, a North Sea offshore field which started in October and has quickly become...
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United Airlines picks Scott Kirby to replace Oscar Munoz as CEO
NEW YORK, Dec 5 — United Airlines Holdings Inc today named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive...
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Report: US trade deficit falls in October to lowest since May 2018
WASHINGTON, Dec 5 — America’s trade deficit in October unexpectedly fell to its lowest level in more than a year as Americans imported billions less in autos and...
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Britain’s fraud office opens Glencore bribery investigation
LONDON, Dec 5 — Britain’s Serious Fraud Office (SFO) has launched an investigation into Glencore over suspicions of bribery, it said today, adding to the legal woes of one of...
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Report: Billionaire Lawrence Stroll seeks big stake in Aston Martin
LONDON, Dec 5 — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported,...
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Apple buys first-ever carbon-free aluminium from Alcoa-Rio Tinto venture
SAN FRANCISCO, Dec 5 — Apple Inc today said it has bought the first-ever commercial batch of carbon-free aluminium from a joint venture between two of the world’s biggest...
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Sources: Saudi Aramco prices shares at top of range in world’s biggest IPO
DUBAI, Dec — State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three sources told Reuters, raising US$25.6...