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Norway’s US$2t wealth fund expects to sell more Israeli stocks over Gaza, West Bank conflict
ARENDAL (Norway), Aug 12 — Norway’s US$2 trillion (RM8.5 trillion) sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the
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China said to urge firms to shun Nvidia H20 chips tied to security risks, Bloomberg News reports
LONDON, Aug 12 — Chinese authorities have urged local companies to avoid using Nvidia’s H20 processors, particularly for government-related purposes, Bloomberg News reported on Tuesday, citing people familiar with the matter. Authorities have sent notices to a range of firms
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Bursa climbs despite Wall Street dips, eyes US inflation data
KUALA LUMPUR, Aug 12 — Bursa Malaysia opened higher today despite a weaker Wall Street overnight performance, ahead of the United States (US) inflation data later this week, as many expect this will dictate the Federal Reserve’s stance on possible
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Ringgit gains against US dollar, major currencies ahead of 2Q GDP release
KUALA LUMPUR, Aug 12 — The ringgit extended its uptrend against the US dollar and major currencies at the opening on Tuesday ahead of Malaysia’s second quarter 2025 gross domestic product (GDP) data to be released on Friday, said an
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Trump delays China tariff hike, extends truce 90 days, according to US media
WASHINGTON, Aug 12 — US President Donald Trump has reportedly signed an order Monday to delay the reimposition of higher tariffs on Chinese goods, hours before a trade truce between Washington and Beijing was due to expire. The halt on
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VCI Global to launch QuantGold encryption platform at Asean AI Summit 2025 in Malaysia
KUALA LUMPUR, Aug 11 — VCI Global Limited is set to unveil QuantGold Data, a military-grade encryption platform aimed at strengthening data sovereignty across the region. The launch will take place at the Asean AI Summit Malaysia 2025, which will
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From burgers to iPhones, US brands face boycott calls as India pushes back on tariffs
NEW DELHI, Aug 11 — From McDonald’s and Coca-Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi’s supporters stoke anti-American sentiment to protest against US tariffs.
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Trump tells China to boost US bean imports fourfold
WASHINGTON, Aug 11 — US President Donald Trump said on Sunday that he hoped China would quadruple its soybean orders from the US, adding that it was also “a way of substantially reducing” Beijing’s trade deficit with Washington. “China is
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DRB-Hicom to buy up Spirit AeroSystems Malaysia in RM426m deal
KUALA LUMPUR, Aug 11 — DRB-Hicom Bhd has announced plans to acquire the Malaysian operations of aerospace manufacturer Spirit AeroSystems for approximately US$95.2 million (RM426.1 million). The company said in a stock exchange filing today that the acquisition is expected
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Ringgit opens higher as US tariffs add pressure on global markets
KUALA LUMPUR, Aug 11 — The ringgit opened higher against the US dollar on Monday, rebounding after two consecutive sessions of losses, amid growing concerns over the impact of the United States’ tariffs on the domestic and global economy, analysts
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