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Money
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MPB opens planting schemes to pepper smallholders nationwide
KUCHING, March 2 — The Malaysian Pepper Board (MPB) is giving pepper smallholders throughout the country an opportunity to join the New Pepper Planting Scheme and Mature Pepper...
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RHB Islamic launches Malaysia’s first Islamic trade financing solution
KUALA LUMPUR, March 2 — RHB Islamic Bank has launched RHB Trade Solution-i — a new Islamic trade financing solution for purchases and sales based on a new product structure...
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European equities slip at open
LONDON, March 2 — European stock markets slid in opening deals today, as investors paused for breath after surging higher the previous day. London’s benchmark FTSE 100 index...
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Hong Kong shares finish lower
HONG KONG, March 1 — Hong Kong stocks sank more than one per cent today after a top Chinese central bank official warned bubbles were forming in global financial markets and a...
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Malaysia’s Prihatin Sukuk wins IFN’s global Deal Of The Year award
KUALA LUMPUR, March 2 — Malaysia’s RM666-million fully digital Sukuk Prihatin launched last year has won the prestigious 2020 IFN Overall Deal of the Year award, edging out...
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German exports to Britain slump 30pc on Brexit, pandemic
BERLIN, March 2 — Germany exported 30 per cent less goods to Britain in January compared to a year ago, official estimates showed today, with demand hurt both by Brexit and the...
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China’s billionaires club swells as market rally offsets virus pain
BEIJING, March 2 — More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic,...
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Bursa Malaysia in positive territory at mid-afternoon
KUALA LUMPUR, March 2 — The FTSE Bursa Malaysia KLCI (FBM KLCI) continued to be in positive territory at mid-afternoon amid buying momentum in heavyweights led by IHH Healthcare...
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Asian shares fall amid China’s asset-bubble warning
HONG KONG, March 2 — Asia stocks dropped today and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign...
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Azmin: Malaysia still a competitive investment destination despite uncertainties
KUALA LUMPUR, March 2 — Malaysia continues to be a competitive investment destination despite the current uncertainties, proven by its rankings in the global economic scene,...
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Proton market share hits seven-year high at 27.1pc with 11,873 units delivered in Feb
KUALA LUMPUR, March 2 — Proton Holdings Bhd has delivered 11,873 cars in February (domestic and export) to reach a seven-year market high, equivalent to 27.1 per cent automotive...
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FBM KCLI ends morning session 0.40pc points lower
KUALA LUMPUR, March 2 — Bursa Malaysia ended the morning session lower as its key index had slightly pared down its gains earlier. At 12.30pm, the benchmark FTSE Bursa Malaysia...
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Bursa Malaysia turns mixed at mid-morning, CI up 0.73pc
KUALA LUMPUR, March 2 — Bursa Malaysia turned mixed at mid-morning, with the key index rising 0.73 per cent, lifted by advances in heavyweights. At 11.05am, the benchmark FTSE...
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As oil prices rally, old Opec tensions set to rise
LONDON, March 2 — As members of the oil cartel Opec and its allies meet this week to discuss adjusting output, analysts expect old tensions between oil producer giants to flare...
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S.Korea unveils 15t won extra budget to aid small businesses, protect jobs
SEOUL, March 2 — South Korea is drafting an extra budget of 15 trillion won (RM54.2 billion), it said today, to boost support for small businesses and safeguard jobs as the...
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Brazil to suspend diesel tax; sources say bank tax to be hiked
BRASILIA, March 2 — Brazilian President Jair Bolsonaro said he would issue a decree today suspending a tax on diesel fuel, a move aimed at placating truckers who threatened to...
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Ringgit slighlty higher against US dollar on mild buying interest
KUALA LUMPUR, March 2 — The ringgit was slightly higher at opening today, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at...
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Bursa Malaysia opens higher
KUALA LUMPUR, March 2 — Bursa Malaysia rebounded to open higher today on the back of brisk buying momentum on the broader market and stronger Wall Street performance overnight....
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Dollar holds advantage over low-yielders, Australian dollar looks to RBA
TOKYO, March 2 — The dollar stood firm against its low-yielding peers today on bets of a faster economic recovery and greater tolerance of higher US bond yields, while the...
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Analysts say global settlement will impact AMMB Holdings’ earnings in FY21
KUALA LUMPUR, March 2 — Maybank Investment Bank Bhd (Maybank IB) has retained a “hold” call on AMMB Holdings Bhd on the back of RM2.83 billion Global Settlement with the...
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Asian shares rise as risk assets shine, Australian central bank eyed
NEW YORK, March 2 — Asian shares are poised to rally today as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were...
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Biden administration pledges to stand firm against China trade abuses
WASHINGTON, March 2 — President Joe Biden will use “all available tools” to take on abusive trade practices by China, the US Trade Representative’s office pledged...
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IMF approves US$1.8b loan for Costa Rica
WASHINGTON, March 2 — The IMF board yesterday approved a US$1.8 billion (RM7.2 billion), three-year loan for Costa Rica to help the government shore up the economy battered like...
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How to buy Bitcoin when you are a total novice
NEW YORK, March 2 — Bitcoin has been breaking all kinds of records in 2021, so it’s no surprise that more and more people are taking interest in the cryptocurrency. Today,...
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Argentina to IMF: No rush to strike new deal
BUENOS AIRES, March 2 — Argentina’s President Alberto Fernandez said yesterday that he did not want to rush into a new deal with the International Monetary Fund (IMF), amid...
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S&P 500 surges in strongest one-day rise since June
NEW YORK, March 2 — The S&P 500 surged yesterday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another Covid-19 vaccine...
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Wall Street rallies on US stimulus and vaccine hopes as bond markets calm
NEW YORK, March 2 — Global equities markets rose and the S&P 500 yesterday had its best day since June 5, with investors taking lower US bond yields in stride on optimism...
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Zoom shares rise on strong current-quarter forecast, upbeat results
NEW YORK, March 2 — Zoom Video Communications Inc forecast current-quarter revenue above expectations, as the company expects millions of people to continue using its...
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Wall Street opens in celebratory mode on vaccine news
NEW YORK, March 1 — US stocks leapt higher in early trading today, starting the week on a celebratory note following news a third Covid-19 vaccine will be in American arms soon....
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United orders 25 more Boeing 737 MAX planes in sign of confidence
NEW YORK, March 1 — United Airlines reached an agreement to purchase 25 more Boeing 737 MAX aircraft for delivery in 2023, the carrier said today, in a sign of an expected...
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Hope for new momentum as Ngozi takes WTO reins
GENEVA, March 1 — Ngozi Okonjo-Iweala took the reins of the World Trade Organisation today with a daunting to-do list, not least tackling the global economic crisis sparked by...
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eFAMAplace 3.3 sales campaign offers discounts up to 50pc
KUALA LUMPUR, March 1 — eFAMAplace, an online marketplace is currently offering discounts up to 50 per cent in conjunction with the Supermarket Sales Campaign 3.3 from today...
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After Australia row, Facebook signs up partners for German news product
LONDON, March 1 — Facebook said today it had signed up a string of German media partners to provide content for a local news product, in a success for the US social network...