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Travel stocks wipe out RM88.7b after Middle East war grounds flights worldwide
LONDON, March 3 — Travel shares tumbled yesterday, shedding US$22.6 billion (RM88.7 billion) as escalating conflict between the US, Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks
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Bursa rebounds strongly after yesterday’s sell-off, FBM KLCI up over 14 points at open
KUALA LUMPUR, March 3 — Bursa Malaysia rebounded to open higher today as bargain hunting emerged after yesterday’s sell-off. At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.20 points, or 0.83 per cent, to 1,714.41 from Monday’s close
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Middle East turmoil sends US dollar up, euro and yen on back foot
TOKYO, March 3 — The yen and euro were broadly lower today as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven
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Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
NEW YORK, March 3 — US stocks ended close to flat yesterday after a volatile session that saw shares drop early following weekend US and Israeli air strikes on Iran, but there were bounces throughout the day as investors bought
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Ringgit stays above RM3.90 as markets brace for more Middle East volatility
KUALA LUMPUR, March 3 — The ringgit opened marginally higher against the US dollar today, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East. At 8am, the local currency was traded at 3.9210/9340 against the
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Oil spikes 13pc after Iran attacks, analysts warn Brent could hit US$100
NEW YORK, March 3 — Oil and gas prices surged yesterday following Israeli and US strikes on Iran and retaliation by Tehran that forced shutdowns of oil and gas facilities across the region and disrupted shipping in the crucial Strait
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High Court to rule tomorrow on bid to strike out lawyer’s testimony in Lim Goh Tong inheritance dispute
KUALA LUMPUR, March 3 — The High Court here yesterday fixed today to deliver its decision on an application by the grandchildren of the late tycoon Lim Goh Tong to expunge portions of the witness statement of lawyer Datuk Low
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Malaysia to witness rare ‘Blood Moon’ tonight, next one only in 2028
KUALA LUMPUR, March 3 — Malaysians are in for a spectacular celestial show tonight as the moon turns a deep red during a total lunar eclipse, popularly known as a ‘blood moon’. This marks the only total lunar eclipse visible
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UMPSA student accused of insulting Islam to face university action, says Zambry
BACHOK, March 3 — The Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) student suspected of insulting and stepping on the Al-Quran will face action in accordance with the university’s provisions. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir said various
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Anwar conveys condolences over death of Indonesia’s former vice president Try Sutrisno at 90
KUALA LUMPUR, March 3 — Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences to the family and the people of Indonesia on the passing of the country’s sixth Vice President, Try Sutrisno, yesterday. “Deeply saddened by the passing
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