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Malaysian ringgit falls to 4.085 versus US dollar after first Fed rate hike since 2023
KUALA LUMPUR, Sept 17 — The ringgit opened lower against the US dollar on Thursday as the greenback strengthened following a hawkish outcome from the United States (US) Federal Open Market Committee (FOMC) meeting overnight. At 8 am, the local
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US Fed raises interest rates for first time since 2023, Trump sees move as personal attack
WASHINGTON, Sept 17 — The US Federal Reserve on Wednesday raised interest rates for the first time since 2023, defying President Donald Trump’s demand for cuts, as central bank chief Kevin Warsh stressed the need to combat inflation that has
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Batik Air says it can bring in aircraft quickly to meet domestic demand if required
KUALA LUMPUR, Sept 16 — Batik Air is able to bring aircraft in quickly to absorb or help with the domestic market demand if required, says its chief executive officer Datuk Chandran Rama Muthy. He was responding to a foreign
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Bank of Japan poised to raise rates to 1.25pc amid inflation, weak yen
TOKYO, Sept 16 — The Bank of Japan is poised to raise interest rates again on Friday to counter inflation fuelled by surging energy prices and to support the yen, under Washington’s watchful eye. Markets are awaiting the US Federal
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Grab expands South-east Asia lending reach with US$1.49b Atome deal
SINGAPORE, Sept 16 — Singapore-based Grab Holdings said yesterday it will acquire a controlling stake in digital finance firm Atome Financial for US$1.49 billion, seeking to expand access to loans for users across Southeast Asia. Grab, the region’s largest ride-hailing platform,
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Proton e.MAS takes more than 60pc of Malaysia’s EV market, 27,403 registered in eight months
SHAH ALAM, Sept 15 — Proton e.MAS accounted for more than 60 per cent of Malaysia’s electric vehicle (EV) registrations from January to August this year, with 27,403 domestic registrations recorded during the period. The national EV brand said the
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Nigeria’s Dangote launches US$1.6b IPO, Africa’s biggest, to double oil refinery capacity
LAGOS, Sept 14 — Nigerian billionaire Aliko Dangote on Monday launched what is slated as Africa’s biggest initial public offering (IPO), which aims to raise US$1.6 billion (RM6.5 billion) to expand his mega oil refinery to become the world’s largest.
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Oil surges above US$100 as Middle East fears deepen, tech stocks slide
HONG KONG, Sept 14 — Oil prices spiked Monday on Middle East supply fears after Saudi Arabia closed a key pipeline, putting further upward pressure on inflation ahead of an expected Federal Reserve rate hike this week. The prospect of
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Bursa Malaysia slips at opening as foreign selling weighs on market sentiment
KUALA LUMPUR, Sept 14 — Bursa Malaysia opened lower on Monday, extending last week’s bearish performance in line with a weaker regional trend, said an analyst. At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.11 points,
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Sam Altman says OpenAI IPO is not happening this year
NEW YORK, Sept 13 — OpenAI will not go public this year, the company’s chief executive Sam Altman said in an interview released on Saturday, citing safety concerns over artificial intelligence. “Given everything happening with safety, right now would be
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