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Beat of the Nation
Tue, 17 Sep 2019, 1:00 PM
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Topic: Reuters

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Petronas revenue, govt fuel subsidy to increase as oil prices spike - Guan Eng
KUALA LUMPUR (Sept 17): Finance Minister Lim Guan Eng said yesterday Petroliam Nasional Bhd's (Petronas) revenue and the Malaysian government's fuel subsidy will increase after crude oil prices spiked...
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China will need 8,090 new airplanes over next 20 years
BEIJING: Chinese airlines will need 8,090 new airplanes worth nearly $1.3 trillion over the next 20 years, Boeing Co said on Tuesday.
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KLCI pares gains, energy stocks stay in focus
KUALA LUMPUR (Sept 17): The FBM KLCI pared some of its gains at mid-morning today but remained above the 1,600 level as energy stocks stayed in focus following the weekend drone attacks on Aramco's fa...
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Stand up to Beijing, HK singer tells US lawmakers,companies
Hong Kong singer and activist Denise Ho wants US lawmakers and companies to criticise Beijing’s actions in Hong Kong, to help change the Chinese Communist Party’s behaviour.
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Energy stocks rise after weekend attack on Aramco facility
KUALA LUMPUR (Sept 17): Energy stocks on Bursa Malaysia rose this morning the attack on the world’s biggest processing petroleum facility in Saudi Arabia over the weekend.
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KLCI rises in early trade, oil and gas stocks to the fore
KUALA LUMPUR (Sept 17): The FBM KLCI started on a positive note this morning, with oil and gas-related stocks leading the advancers, on the back of the attacks on Aramco’s oil facilities.
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Oil tanker bottleneck builds at Saudi ports after attacks
LONDON, Sept 17 — At least 11 supertankers are waiting to load oil cargoes from Saudi Arabian ports after an attack on the country's oil facilities at the weekend halved the kingdom's production, sh...
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Oil and gas stocks underpin KLCI's slight advance
KUALA LUMPUR: Blue chips started Tuesday on a firmer note, underpinned by gains in Petronas-linked stocks while Sapura Energy and Bumi Armada basked in the...
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LG Display to replace its chief executive
SEOUL: South Korea’s LG Display Co Ltd said it has named LG Chem president Jeong Ho-young as its new chief executive officer.
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After attacks, Asia need light crude, Saudi Arabia needs oil products
SINGAPORE: Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after...
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Goldman: Brent could rally above US$75
BENGALURU: Goldman Sachs said an outage of more than six weeks due to drone attacks on Saudi Arabian oil facilities over the weekend could cause Brent prices to...
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Singapore exports fall for 6th month
SINGAPORE: Singapore's exports in August shrank for the sixth straight month, but the drop was less than analyst forecasts, official data showed on Tuesday.
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Saudi's vast storage cushions oil market from supply shock, say analysts
LONDON, Sept 17 — Saudi Arabia should be able to keep exports flowing after attacks on vital oil infrastructure on Saturday slashed more half of its oil production, but a prolonged shutdown will rat...
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Germany's Osram urges investors to accept US$4.8bil AMS offer
VIENNA/MUNICH: Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step...
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US- China trade talks to begin Thursday in Washington
WASHINGTON: Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade...
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Greenpeace posts protest sign over Hyundai billboard in S. Korea
A man writing a message No more internal combustion engines" on an advertisement promoting the Hyundai Sonata in front of Hyundai Motor's headquarters in Seoul on Sunday. — Reuters SEOUL: Greenpeac...
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Too soon to say if US emergency oil release needed, Perry tells CNBC
WASHINGTON, Sept 16 — US Energy Secretary Rick Perry said today it was too soon say whether the United States would have to tap its emergency petroleum reserves following weekend attacks on Saudi Ar...
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US, Chinese trade deputies seen meeting Friday, says US Chamber CEO
WASHINGTON, Sept 16 — US and Chinese deputy trade negotiators are expected to meet on Friday, with senior negotiators likely to meet about a week and a half later, US Chamber of Commerce CEO Tom Don...
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KLM ground staff plans new strike on Wednesday, says trade union
AMSTERDAM, Sept 16 — Ground staff at Dutch airline KLM will strike again on Wednesday, to push for higher pay and better working conditions, trade union FNV said today.
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Nord Stream 2 pipeline edges closer to Danish deadlock
IN THE BALTIC SEA, Sept 16 — With each 24-tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipli...
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Petronas revenue, govt fuel subsidy to increase as oil prices spike - Guan Eng
KUALA LUMPUR (Sept 16): Finance Minister Lim Guan Eng said today Petroliam Nasional Bhd's (Petronas) revenue and the Malaysian government's fuel subsidy will increase after crude oil prices spiked fol...
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Oil sees biggest surge since 1991 after Saudi attack
An attack on Saudi Arabia that shut five percent of global crude output caused the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was...
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Traders: Saudi Aramco’s trading arm seeks oil products after attacks
SINGAPORE, Sept 16 — Saudi Aramco’s trading arm is seeking oil products for prompt delivery following Saturday’s attacks on Saudi oil facilities, three trade sources said today.
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Pound weakens as ‘no-deal’ Brexit concerns grow
LONDON, Sept 16 — The pound fell nearly half a per cent today as concern revived that Britain will struggle to secure a deal on the terms of its departure from the European Union.
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Hong Kong stocks skid on weekend protests, bleak China data
HONG KONG stocks fell on Monday following clashes and protests over the weekend and as data showed China's economic slowdown deepened amid a bruising...
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Ringgit most resilient among EM currencies as oil prices spike - DBS
KUALA LUMPUR (Sept 16): The ringgit will be the most resilient among emerging market currencies amid higher crude oil prices because Malaysia is the only net oil exporter among Asian emerging economie...
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UK seeks trade deal with New Zealand as its prepares for post-Brexit
WELLINGTON, Sept 16 — Britain's Trade Minister Liz Truss said today that striking a trade deal with New Zealand, one of its smallest trading partners, would be a priority, as her government desperat...
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China stocks end lower; bleak data raises stimulus hopes
SHANGHAI: China stocks started the week on a soft note, though losses were limited on easing Sino-U.S. trade frictions, while bleak economic data on Monday raised hopes that Beijing will dole out more...
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Russian, Saudi energy ministers to have phone call today, says Russia's Novak
MOSCOW, Sept 16 — Russia's Energy Minister Alexander Novak said today that he planned to have a phone call later on the day with his Saudi counterpart following attacks on Saudi oil facilities.
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Indonesia posts smaller-than-expected trade surplus in August
JAKARTA: Indonesia swung back to a trade surplus in August after posting a deficit a month earlier, data from the country's statistics bureau showed on Monday.
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'Very difficult' for China's economy to grow 6pct or faster: Premier Li
Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of six percent or more because of the high base from which it was starting and the complicated intern...
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US 'locked and loaded' after attacks on Saudi Arabia: Trump
The United States believes it knows who was behind the attacks on Saudi oil facilities and is “locked and loaded,” but is waiting for verification and for a Saudi assessment of responsibility befo...
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Tony Fernandes : Ringgit to strengthen as crude oil prices soar
KUALA LUMPUR (Sept 16): AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes said today the ringgit should strengthen with the rise in crude oil prices after an attack on Saudi Arabi...
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China Aug industrial output grows at slowest pace in 17-1/2 years
BEIJING: China's industrial production growth skidded to its weakest pace in 17 years and a half in August, expanding just 4.4% year-on-year, signalling further...
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Merkel’s drive to slash CO2 output may cost US$44bil by 2023
BERLIN: Policies being hammered out in Germany to slash carbon emissions may cost €40bil over the next four years, underscoring the wide scope of Chancellor Angela...
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Japan to eliminate tariffs on US wine in trade deal
TOKYO: Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, the Nikkei newspaper reported on Sunday.
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Italy’s economy minister urges caution over privatisations
HELSINKI: Italy’s economy minister Roberto Gualtieri said on Saturday that privatisation targets set by the previous Italian government were “unrealistic”, and warned the...
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Australia concludes China was behind hack on Parliament, political parties
Australia’s cyber intelligence agency - the Australian Signals Directorate (ASD) - concluded in March that China’s Ministry of State Security was responsible for the attack, the five people with d...
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The Week That Was: A new age for Alibaba
It is the end of an era for Chinese tech giant Alibaba Group as its co-founder and chairman, Jack Ma, stepped down on Sept 10.
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S&P Global Platts sees Saudi oil strikes driving up risk premium in crude market
NEW YORK, Sept 16 — Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a glo...
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EU businesses warn no-deal Brexit would be disaster
BRUSSELS, Sept 16 — Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organisation said today, as EU officials w...
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US stock futures fall after Saudi oil attacks(Update)
NEW YORK: U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies
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Oil prices surge 15% after attack on Saudi facilities hits global supply
NEW YORK: Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday...
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Climate protesters tell carmakers 'the party is over'
People taking part in a bicycle demonstration on a highway to protest against climate-damaging cars, as the Frankfurt Motor Show gets underway.
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Iran dismisses US claim it was behind Saudi oil attacks
Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that disrupted world oil production and warned on Sunday that US bases and aircraft carriers in the regio...
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Afghan, US forces kill Taliban governors, fighters
Afghan forces backed by US forces killed two senior Taliban leaders and at least 38 fighters of the hardline insurgent group in joint airstrikes conducted in northern and western regions of Afghanista...
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Malaysia to gather haze evidence before writing to Indonesia
PUTRAJAYA: Malaysia is gathering evidence on fires in Indonesia before Dr Mahathir Mohamad writes to Indonesian President Joko Widodo to complain about trans-boundary haze, the prime minister said tod...
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UAE regulator not optimistic on Boeing 737 MAX return this year
DUBAI, Sept 15 — The head of the United Arab Emirates’ General Civil Aviation Authority said today he was not optimistic that the Boeing 737 MAX would return to operations this year and that the f...
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Hong Kong protesters sing 'God Save the Queen' in plea to Britain
Hundreds of Hong Kong protesters singing “God Save the Queen” and waving Union Jack flags rallied outside the British Consulate on Sunday demanding that the former colonial power ensures China hon...
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Nikkei: Japan to eliminate tariffs on US wine in trade deal
TOKYO, Sept 15 — Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, t1he Nikkei newspaper reported today.
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Hong Kong activist Joshua Wong seeks US support for protests
Hong Kong pro-democracy activist Joshua Wong said on Saturday he was seeking the support of US lawmakers for the demands of his fellow protesters who have led months of streets demonstrations, includi...
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White House confirms death of Osama bin Laden's son
Hamza bin Laden, a son of slain Al-Qaeda leader Osama bin Laden and himself a notable figure in the militant group, was killed in a US counter-terrorism operation, the White House said on Saturday.
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Up to Jakarta to probe plantation giants over open burning, says Yeo
PUTRAJAYA: The government today said Indonesia has full power to investigate the four Malaysian plantation companies which have been accused of carrying out open burning and contributing to the haze a...
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Tech companies won't wait for US to act on social media laws, says Microsoft's Brad Smith
SAN FRANCISCO, Sept 14 ― Microsoft Corp President and Chief Legal Officer Brad Smith said yesterday that US tech companies will change how they moderate online platforms in response to new laws from...
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Hong Kong protesters plan mall sit-ins after hill-top human chains
Hong Kong pro-democracy activists plan sit-ins at shopping malls and student rallies on Saturday after a night in which protesters took to the hills to form lantern-carrying human chains, the latest d...
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Erdogan to discuss with Trump buying US Patriot missiles
Turkish President Tayyip Erdogan said he will discuss buying US Patriot missiles with President Donald Trump this month, saying his personal bond with the US leader could overcome a crisis caused by A...
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Malaysian plantations ‘targetted’ by Indonesia over haze, says oil palm exec
HO CHI MINH: A senior executive of a major oil palm plantation has cast doubts on the accusation by Indonesian authorities that deliberate open burning by subsidiaries of Malaysian plantations has con...
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MSC’s tin output to remain firm despite global cuts
KUALA LUMPUR: Malaysia Smelting Corp Bhd (MSC), the world’s third-largest refined tin producer, does not expect its output to fall this year even though the top two have...
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Sime Darby denies plantation sealed off by Indonesian authorities
PETALING JAYA: Sime Darby Plantation Berhad (SDP) has denied a news report that a plantation owned by its subsidiary has been sealed off by Indonesian authorities as part of efforts to battle fires th...
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Sime Darby, IOI refute claim of plantations being sealed off
Sime Darby Plantation Bhd (SDP) and IOI Corporation Bhd (IOI) have refuted claims by Indonesia that their plantations run by subsidiaries were sealed off due to fires.
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Claims of open burning at Malaysian-owned plantations in Indonesia serious, says Kok
PETALING JAYA: Primary Industries Minister Teresa Kok has voiced concern over the sealing of land owned by subsidiaries of four Malaysian plantation companies which have been accused of deliberately c...
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New Delhi to slash use of cars in November to cut pollution, says chief minister
Vehicles driving through the smog in New Delhi on Jan 7.
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Ford and GM rev up electric pickup trucks to head off Tesla
Chevrolet Bolt EV chief engineer Josh Tavel at the GM Orion Assembly in Orion Township, Michigan, on March 15, 2016.
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Indonesia rejects Putrajaya's complaints of cross-border haze
KUALA LUMPUR (Sept 13): Indonesia today rejected Putrajaya’s complaints about health-impairing haze “drifting from its forest fires across the border”, reported Reuters.
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London Stock Exchange rejects Hong Kong takeover bid
LONDON, Sept 13 — London Stock Exchange has rejected Hong Kong Exchange’s US$39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.
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Haze: IOI, Sime Darby among M’sian firms blamed for Indonesia forest fires
The Indonesian government has named four palm oil companies with Malaysian links as the culprits behind several forest fires in the country, including IOI Corporation and Sime Darby Plantation.
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Petronas given to end of September to pay 5 pct sales tax on petroleum products
The Sarawak government is giving Petronas up to the end of this month to settle the payment of the five per cent sales tax on petroleum products.
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Malaysia Smelting Corp's tin output to remain firm despite global cuts — CEO
KUALA LUMPUR (Sept 13): Malaysia Smelting Corp Bhd, the world's third-largest refined tin producer, does not expect its output to fall this year even though the top two have flagged production cuts, i...
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KLCI flat after Asian share rise on ECB rate cut
KUALA LUMPUR (Sept 13): The FBM KLCI closed up 0.25 point or 0.02% at 1,601.25 after Asian shares ended higher as investors took cue from the European Central Bank's (ECB) interest rate cut and as the...
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Indonesia blames Malaysian companies for some forest fires
JAKARTA (Sept 13): Indonesia on Friday blamed four Malaysian companies, including the world's biggest producer of sustainable palm oil, for causing some of the forest fires within its borders, in an e...
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China to exclude pork, soybeans from additional tariffs on US goods, reports Xinhua
SHANGHAI, Sept 13 — China’s State Council will exclude some agricultural products, including soybeans and pork, from additional tariffs on US goods, China’s official Xinhua News Agency reported ...
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Indonesia blames Malaysian companies for some forest fires
JAKARTA (Reuters): Indonesia on Friday blamed four Malaysian companies, including the world's biggest producer of sustainable palm oil, for causing some of the...
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Report: Hong Kong purchasers have 'poured into' Forest City since June
KUALA LUMPUR (Sept 13): With the social and political problems plaguing Hong Kong in recent months, it has been reported that more Hong Kong people are buying homes in the Forest City (pictured) devel...
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JD.com, Thailand’s Central Group launch financial services app
JD.com and Central Group, a Thai conglomerate involved in merchandising, real estate, and retailing, have launched a financial services app called Dolfin.
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Ren Zhengfei says he is ready to sell Huawei’s 5G tech to a Western buyer
Comments from Ren come as the Chinese telecoms giant remains in the middle of US-China trade war.
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Indonesia hits back over haze from forest fires
JAKARTA: Indonesia today rejected Malaysian complaints about hazardous smoke drifting from its forest fires across the border, saying blazes are also raging in parts of Malaysia and on Malaysian-owned...
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EU weighs new energy taxes as Germany calls for ‘drastic’ steps
HELSINKI, Sept 13 — The European Union is considering new energy taxes to meet its climate targets, top officials said today, with Germany calling for “drastic steps” to reduce carbon emissions.
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Indonesia seals off plantations, including those linked to Malaysian firms, as forest fires rage on
JAKARTA - Indonesia has sealed off plantations operated by at least 30 companies, where fires had been spotted, as it rejected on Friday (Sept 13) Malaysian complaints about hazardous smoke drifting f...
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Indonesia hits back at Malaysia over forest fires
JAKARTA (Sept 13): Indonesia on Friday rejected Malaysian complaints about hazardous smoke drifting from its forest fires across the border, saying blazes were also raging in parts of Malaysia and on ...
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China seeks to buy control of Hong Kong companies, Reuters says
HONG KONG: China told its biggest state-run firms to take control of Hong Kong companies, Reuters reported, a move that would extend the mainland’s reach in a city...
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KLCI hovers below 1,600 as downtrend persists
KUALA LUMPUR (Sept 13): The FBM KLCI hovered below the crucial 1,600-point level at the midday break Friday, ahead of the extended weekend as the prevailing downtrend persisted.
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Vertex hits first close of late stage-focused fund at $290m
Singapore-based Vertex Venture Holdings has hit the first close of its new venture capital fund, which is aimed at backing high-growth tech companies in their later stages, at US$290 million.
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eSports: Ferrari get off to a winning start on virtual F1 racetrack
Ferrari followed two wins in a row on the real racetrack with a virtual double on Sept 11, with Italian gamer David Tonizza triumphant on the team's Formula One esports...
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China prods state firms to boost investment in crisis-hit Hong Kong, say sources
SINGAPORE, Sept 13 — China has called on its biggest state firms to take a more active role in Hong Kong, including stepping up investment and asserting more control of companies in the financial hu...
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KLCI reverses earlier gains as sentiment turns bearish
KUALA LUMPUR (Sept 13): The FBM KLCI reversed its earlier gains and dipped 0.17% at mid-morning today, weighed by select blue chips as sentiment turned bearish.
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Filipino villagers swap trash for rice in fight against plastics
A village in the Philippines is trying to tackle the scourge of plastic waste by offering rice to residents in exchange for their trash.
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US Justice Department to release name of shadowy figure in 9/11 case
The US Justice Department on Thursday said it would release the name of an individual sought by people who are suing the government of Saudi Arabia for alleged involvement in the Sept 11, 2001, hijack...
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Asian shares advance on US-China trade hopes, ECB stimulus
TOKYO, Sept 13 — Asian stocks advanced today as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global econom...
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KLCI sees slight gains on ECB stimulus, easing trade tensions
KUALA LUMPUR: The FBM KLCI moved higher in early Friday trade, tracking Wall Street overnight as the European Central Bank unveiled its new stimulus...
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KLCI tracks regional advance in early trade
KUALA LUMPUR (Sept 13): The FBM KLCI ticked up in early trade Friday, tracking the advance at regional markets.
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US-China trade war risks driving fed policy, not trump’s carping, say economists
NEW YORK, Sept 13 — The US-China trade war will worsen or at best stay the same over the coming year, according to economists in a Reuters poll who expect the Federal Reserve to cut interest rates n...
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As trade talks loom, Chinese firms look into buying US farm goods
BEIJING: Chinese companies have started to inquire about prices for US agricultural goods purchases, Beijing said, in a further sign of potential de-escalation in the bitter and protracted trade war between the world’s two largest economies.
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Swiss welcome scrutiny on Libra
ZURICH: Switzerland welcomes international scrutiny of the way it oversees the Facebook-led Libra cryptocurrency project and is ready to work with other countries to ensure seamless supervision, the top Swiss financial watchdog said.
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China's love of durian 'next big threat' to Malaysian rainforest
KUALA LUMPUR (REUTERS) - Soaring Chinese demand for the durian fruit is turning into the next big threat to Malaysia's depleted rainforest, a conservation expert said on Thursday (Sept 12), urging reg...
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US core inflation firming, but Fed still seen cutting rates
WASHINGTON, Sept 13 — US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutt...
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Draghi ties Lagarde’s hands with promise of indefinite stimulus
FRANKFURT, Sept 13 — European Central Bank chief Mario Draghi pledged indefinite stimulus yesterday to revive an ailing euro zone economy, tying the hands of his successor for years to come and spar...
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Thousands mourn passing of ex-Indonesian president Habibie
Indonesian soldiers carry the picture and casket of Habibie during his funeral ceremony at Kalibata Heroes Cemetery complex in Jakarta, Indonesia.
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China out in force at Frankfurt car show, led by battery builders
FRANKFURT: Chinese suppliers and makers have stepped up their presence at the Frankfurt auto show, capitalising on a strong position in electric technologies forced on European carmakers by regulators...
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Bloomberg: Trump advisers considering interim China trade deal to delay tariffs
NEW YORK, Sept 12 — US trade advisers have discussed offering China a limited trade deal that would delay and even roll back some US tariffs for the first time in return for Chinese commitments on i...
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Trial of accused Christchurch gunman delayed to avoid Ramadan
The trial of a man accused of shootings at two mosques in New Zealand that killed 51 people has been delayed by a month because the original court date coincided with the Muslim holy month of Ramadan,...
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