Wed, 21 Aug 2019, 5:12 AM
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Topic: Bloomberg

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KUALA LUMPUR: The government expects the economy to expand between 4.5% and 5% this year, based on the first half-year trend, Finance Minister Lim Guan Eng said.
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KUALA LUMPUR (Aug 20): Finance Minister Lim Guan Eng said Malaysia's sustained economic growth was one of the reasons for the rise in the country's foreign direct investment (FDI). In a statement toda...
Malay Mail:
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KUALA LUMPUR, Aug 20 — International Fitch Rating Agency has revised its 2019 gross domestic product (GDP) growth projection for Malaysia from 4.2 per cent to 4.6 per cent due to the steady rise in ...
The Star:
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KUALA LUMPUR: Bursa Malaysia staged a mild rebound to close slightly above the key 1,600 level on Tuesday on fund buying of CIMB and selected oil stocks but the overall sentiment was still lacklustre....
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Just days after reports emerged that Spotify is aiming to increase the price of its family plan in its home market of Scandinavia, the streaming giant announced an upgrade to the plan – with no price increase in the US and UK, where it remains at US$14.99 (RM63) and £15 (RM76), respectively.
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JAKARTA: Thailand, Indonesia and Malaysia haven’t made any decision on whether to adopt another round of export curbs to support prices, says Kasan, a board member of the International Rubber Consortium.
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SHANGHAI, Aug 20 ― Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue today thanks to strong traffic growth, though it also announced a hu...
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SHANGHAI: Loans will get a little cheaper for Chinese companies after officials introduced a revamped market benchmark rate for the first time.
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KUALA LUMPUR (Aug 20): The FBM KLCI posted modest gains, tracking regional markets, lifted by select index-linked chips including Tenaga Nasional Bhd.
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PETALING JAYA: Moves to salvage the Axiata Group Bhd and Telenor ASA Asian asset merger are proceeding as it seems to have hit a snag.
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ByteDance Inc has invested in a prominent Chinese Wikipedia-like platform, stepping up its Internet search challenge to rival Baidu Inc.
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A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face an uncomfortable truth: there’s a good chance they’ll get hacked.
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KUALA LUMPUR (Bloomberg): Goldman Sachs Group Inc has appointed a lawyer to observe the 1Malaysia Development Berhad (1MDB) trial of former prime minister Datuk Seri Najib Razak.
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Car rental company Nextmove has walked away from a €5mil ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday.
Malaysiakini:
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Prime Minister Dr Mahathir Mohamad on Monday called on Britain to engage with palm oil growers to incentivise sustainable production, rather than pursuing boycotts after its scheduled exit from the Eu...
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Not too long after the US government’s initial ban on Huawei, the former is allowing the company to buy products from American suppliers once again.
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Just a few months after TV critics anointed 'Tuca & Bertie' one of the best TV shows of 2019, series creator Lisa Hanawalt got the bad news: Netflix Inc wasn’t ordering a second season of the animated comedy.
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Chicago: The 125 family members that control Cargill Inc got the biggest payout since 2010 as the top privately held US firm posted the strongest two-year performance in at least a decade, company accounts show.
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KUALA LUMPUR (Aug 19): The FBM KLCI crossed the crucial 1,600-point threshold in early trade this morning, tarcking gains at regional markets, lifted by gains including at key index-linked counters.
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KUALA LUMPUR: Can-One Bhd, which will book a gain from the sale of its sweetened creamer and evaporated creamer manufacturing unit, says it will not be paying dividend to shareholders after the dispos...
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SINGAPORE: Governments in Asia are seeking to tap private investment for the region’s substantial infrastructure needs as the current rate of public financing is “insufficient and unsustainable, ” said Indranee Rajah, Singapore’s second minister for finance and education.
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HONG KONG: Protest-battered Hong Kong should also brace itself for an “economic typhoon” caused by the US-China trade war and recent political unrest in the city, financial secretary Paul Chan wrote in a blog post.
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HONG KONG: Protest-battered Hong Kong should also brace itself for an "economic typhoon” caused by the U.S.-China trade war and recent political unrest in the city, Financial Secretary Paul Chan wrote in a blog post Sunday.
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FRANKFURT: Car rental company Nextmove has walked away from a 5 million euros (RM23.2mil) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German co...
theSun:
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KUALA LUMPUR: Malaysia’s second quarter 2019 gross domestic product (GDP) growth which expanded to 4.9% year-on-year, from 4.5% in the previous quarter, continues to highlight the country’s resili...
Free Malaysia Today:
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KUALA LUMPUR: Malaysia’s second quarter 2019 gross domestic product (GDP) growth, which expanded to 4.9% year-on-year from 4.5% in the previous quarter, showed the country’s resilience amid the ch...
Malay Mail:
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KUALA LUMPUR, Aug 17 ― Malaysia’s second quarter 2019 gross domestic product (GDP) growth which expanded to 4.9 per cent year-on-year, from 4.5 per cent in the previous quarter, continued to highl...
Malaysiakini:
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COMMENT | Malaysia yet again beats market expectations with its second quarter 2019 GDP growth accelerating to 4.9 percent year-on-year, from 4.5 percent in the previous quarter.
The Star:
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Apple Inc’s €13bil (RM60.22bil) battle with the European Union reaches the bloc’s courts next month in a hearing set to throw the spotlight on antitrust commissioner Margrethe Vestager’s crackdown on tax deals doled out to big companies.
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TOKYO: Most emerging Asian currencies advanced on Friday, led by the Malaysian ringgit which was buoyed by a series of central bank measures to deepen onshore markets.
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FFRANKFURT: A "trading services issue” delayed the opening for some of the biggest stocks on the London Stock Exchange, the second such outage in little more than a year for one of Europe’s biggest markets.RANKFURT: The London Stock Exchange is investigating a potential trading services issue that is delaying the opening of trading for some issues, the exchange provider said in a statement on its website.
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KUALA LUMPUR: The Malaysian economic growth has surpassed expectations, after a stronger gross domestic product (GDP) growth rate of 4.9% was announced for the second quarter of 2019 (2Q19).
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NEW YORK: Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai is paying about $3.5 billion for the Brooklyn Nets and their arena, the Barclays Center, according to a person familiar with the deal.
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SINGAPORE: The prospects of Singapore’s biggest conglomerate are souring as it has been caught in a perfect storm of intensifying global trade tensions, prolonged protests in Hong Kong and slowing auto sales.
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KUALA LUMPUR: Malaysia’s economy is set to regain its stride after an unsteady year of reforms following a change of government, but the rebound could be short-lived as risks loom from the US-China trade war
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Baidu Inc has dropped off the list of China’s five most valuable Internet companies, underscoring the challenges facing the search giant from a weakening economy to intensifying competition.
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First-time users of Telegram surged in Hong Kong after protesters flocked to the popular chat app during the months-long demonstrations that gripped the city, new data from Sensor Tower shows.
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Millions of pieces of personal data, including fingerprints, may have been leaked from a cloud-based service that stores biometric data for companies and organisations worldwide, security researchers said.
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China’s internet regulator has said that a large number of mobile apps need to take rectification measures for the over-collection of personal data, clamping down on the practice as the country’s ...
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A number of apps with a large download volume also applied for permission to carry out tasks completely unrelated to their business.
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Facebook has paid contractors to transcribe audio clips from users of its Messenger service, raising privacy concerns for a company with a history of privacy lapses.
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Members of US Congress from both parties called out Facebook Inc on Aug 14 for paying contractors to transcribe audio clips from its users and urged new statutes to tackle the drumbeat of such revelations from across the tech industry.
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India is reviewing an audit report on data practices of WhatsApp Inc to ensure compliance with local rules before permitting a nationwide debut of the Facebook Inc-owned company’s long-delayed payments service.
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KUALA LUMPUR (Aug 15): Petronas Chemicals Group Bhd (PetChem) led the fall in the FBM KLCI this morning, as the composite index tumbled 0.71% at noon market break.
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JAKARTA: Oversea-Chinese Banking Corp. is weighing a bid for Standard Chartered Plc’s Indonesian bank, people with knowledge of the matter said, a move that may create the country’s fifth-largest lender.
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SHANGHAI: Hong Kong’s tumbling equity market may find that its biggest fans are right across the border.
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NEW YORK: The dramatic decline in Argentine assets is wreaking havoc on some of the largest US money managers.
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BEIJING: China posted the weakest industrial output growth since 2002 and slumping retail sales in July, as a cyclical slowdown and trade tensions add to the case to roll out more stimulus.
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SHANGHAI, Aug 14 — Chinese internet giant Tencent said today its net profit jumped 35 per cent in the second quarter, as the company continued to wriggle out of Beijing’s crackdown on online gamin...
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Facebook Inc risks another spat with European Union privacy watchdogs following reports that the social-media giant paid contractors to transcribe clips of audio from users of its services.
Lowyat.NET:
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Facebook has come under fire once more, and unsurprisingly, it’s because of a breach of privacy.
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US Federal Trade Commission chairman Joe Simons said Aug 13 the agency is interested in hearing complaints alleging that Amazon.com Inc is punishing merchants that offer lower prices on other e-commerce websites.
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Facebook Inc has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work.
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Two months ago, Apple issued a worldwide voluntary recall for the 15-inch MacBook Pro Retina from mid-2015.
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KUALA LUMPUR (Aug 14): The FBM KLCI rose 0.42% in early trade this morning, tracking the bounce at regional markets At 9.05am, the FBM KLCI gained 6.74 points to 1,599.62.
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KUALA LUMPUR (Aug 13): UOB expects Malaysia to report a higher economic growth of 5% year-on-year for the second quarter of this year, compared with 4.5% in the first quarter.
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JAKARTA (Aug 13): Indonesian builder PT MNC Land has launched the sale of luxury condos and mansions in two projects in Indonesia.
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KUALA LUMPUR (Aug 13): Mirroring the performance of its regional peers, the FBM KLCI plunged 22.17 points today to fall below the crucial 1,600 level, as external headwinds continued to dampen market ...
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Zhihu, a Chinese question and answer platform, raised US$434 million from investors including livestreaming platform Kuaishou and search giant Baidu to help fund its expansion, Bloomberg reported, cit...
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A unit of state investment company Temasek Holdings Pte has invested in Secretlab, a Singapore-based maker of chairs for players of electronic games, to help drive growth.
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Hong Kong: Hong Kong’s stocks fell amid renewed pressure after protesters brought the city’s airport to a standstill Monday, highlighting the economic fallout from weeks of anti-government demonstrations that show no sign of easing.
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BANGALURU: Facebook Inc is participating in a US$125mil (RM525mil) fundraising for an Indian startup that is aiming to bring more commerce to social networks like, well, Facebook.
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The videogame industry – responding to criticism that in-game purchases can amount to gambling or tempt kids into overspending – is changing its policies.
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NEW DELHI: Saudi Aramco continued its push into Asian oil refining with an agreement to buy a 20% stake in Reliance Industries Ltd’s oil-to-chemicals division at an enterprise value of US$75bil.
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The world’s biggest crude producer will soon own a part of the world’s biggest oil refinery.
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The People’s Bank of China is "close” to issuing its own cryptocurrency, according to a senior official.
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FRANKFURT: The head of Chancellor Angela Merkel’s party said Germany doesn’t need deficit spending to combat climate change, though incentives to reduce carbon emissions should be overhauled.
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HONG KONG: Hong Kong Financial Secretary Paul Chan has warned the Asian financial hub is entering “a very difficult economic environment” as trade declines and growth slows.
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MOSCOW: The shifting balance of power in the oil world is showing up in a new indicator: central bank reserves.
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London: Suddenly, the idea of pound parity seems less far-fetched as the risk grows that Britain may split with the European Union without a deal.
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ANALYSTS are generally positive on the full-year financial performance of Sunway REIT (SunREIT) after it posted fourth quarter results for its financial year ending 2019 with buy and hold calls from several of them.
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HONG KONG: Hong Kong Financial Secretary Paul Chan has warned the Asian financial hub is entering "a very difficult economic environment” as trade declines and growth slows.
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NEW YORK: In another wild week for digital assets, Bitcoin extended its dominance, grabbing a greater share of the cryptocurrency market as most alternative coins declined.
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KUALA LUMPUR, Aug 10 — Michael Evans, the current president of Chinese tech giant Alibaba Group Holding Ltd, has been named by Putrajaya in a new filing of criminal charges over the 1Malaysia Develo...
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KUALA LUMPUR (Aug 9): Alibaba Group Holding Ltd president Michael Evans is among 17 current and former Goldman Sachs directors charged over their alleged roles in bond sales by 1MDB, reported Bloomber...
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Alibaba Group Holding president Michael Evans is among 17 current and former Goldman Sachs executives facing charges over their alleged role in US$6.5 billion of bond sales by Malaysian state-owned in...
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LONDON, Aug 9 — Bayer shares soared as much as 11 per cent today on a report that the German company has proposed to pay up to US$8 billion (RM32 billion) to settle more than 18,000 US lawsuits rela...
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KUALA LUMPUR, Aug 9 — At least five locations in Pahang have been identified as potential sites to house Australian miner Lynas Corp’s permanent disposal facility (PDF). Citing unnamed sources, Ha...
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KUALA LUMPUR (Aug 9): DBS Bank reinstated coverage of Petronas Chemicals Group Bhd, with a recommendation of fully valued, Bloomberg reported today.
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KUALA LUMPUR (Aug 9): MIDF Amanah Investment Bank Bhd said today that there is a bias towards downward revision in its 2019 FBM KLCI forecast of 1,720 points, due to the increasing number of below-con...
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KUALA LUMPUR (Aug 9): The FBM KLCI  reversed its earlier and climbed at mid-morning, tracking regional markets, lifted by select blue chips.
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TOKYO, Aug 9 ― Asian shares caught the tail of a Wall Street rally today, helped by China's better-than-expected export figures but fresh concerns about Sino-US trade ties are likely to limit gains ...
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KUALA LUMPUR (Aug 9): The FBM KLCI drifted lower in early trade this morning, weighed by select index-linked blue chips.
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TOKYO, Aug 9 ― The yen rose today on renewed concerns about the US-China trade dispute after a report that the White House is delaying a decision on allowing US companies to do business with China's...
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NOTABLE off-market trades in the period under review include a block of 34.5 million MMAG Holdings shares sold for 30 sen apiece in the final trading hour on July 23.
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KUALA LUMPUR (Aug 8): The FBM KLCI ticked up in early trade this morning,lifted by gains including at Tenaga Nasional Bhd and Genting Bhd, against the backdrop of muted regional markets.
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KUALA LUMPUR (Aug 7): The FBM KLCI closed 7.09 points or 0.44% lower today dragged mainly by Genting Malaysia Bhd and Genting Bhd's substantial share price drop and as investors took profit against li...
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KUALA LUMPUR, Aug 7 — Lynas Corp said today it is confident about Putrajaya’s process to renew its operating licence as it is not “hiding any dirty secrets.” Its chief executive officer Amanda...
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The United Nations (UN) recently released a report pertaining to North Korea’s activity on the internet.
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KUALA LUMPUR (Aug 7): Shares in Genting Malaysia Bhd (GenM) fell 8.03% this morning after the firm acquired 46% of the common stock in Nasdaq-listed gaming and entertainment company, Empire Resorts In...
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KUALA LUMPUR (Aug 7): The FBM KLCI dipped 0.11% in early trade this morning as Genting-linked stocks weighed, against the backdrop of mixed regional markets.
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(Aug 7): Asian equities looked set for a mixed start Wednesday following a rebound in U.S. stocks in signs of some relative calm following the rout in global shares at the start of the week.
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KUALA LUMPUR (Aug 6): Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd, is selling 46% of the common stock in Nasdaq-listed gaming and entertainment company, Empire Resorts Inc, to Genting Malaysia ...
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The NEC flying machine hovering at the company's facility in Abiko near Tokyo on Monday.
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KUALA LUMPUR (Aug 6): The FBM KLCI slumped 1.10% in early trade this morning, tracking the regional plunge after Washington designated Beijing a currency manipulator.
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BEIJING, Aug 5 — Beijing is honouring its pledges to purchase US agricultural products, state media cited China’s state planning body saying, dismissing an accusation from US President Donald Trum...
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Japanese news discovery app SmartNews announced a new investment valuing the business at US$1.1 billion, Bloomberg reported.
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KUALA LUMPUR (Aug 5): Analysts are expecting the ringgit's performance to remain weak in light of heightened trade tensions between the US and China after President Donald Trump threatened to impose m...
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KUALA LUMPUR (Aug 5): Malaysia’s ringgit falls to a more than six-week low as regional currencies slide after China’s offshore yuan weakened beyond 7 per US dollar for the first time.
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KUALA LUMPUR (BLOOMBERG) - Malaysia is confident it can reach an agreement with China to settle tensions in the South China Sea after its neighbours warned that incidents in the disputed waters had "e...