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Dollar dips, ringgit rises on signs of US labour weakness
KUALA LUMPUR, Aug 8 — The ringgit opened firmer against the US dollar on Friday, extending gains, after United States (US) economic data reinforced expectations of an imminent interest rate cut at the Federal Reserve’s next policy meeting, an economist
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Allies reel as Trump rewrites tariff rules, sparks market jitters
WASHINGTON, Aug 8 — President Donald Trump’s steeper global tariffs came into effect Thursday, leaving dozens of US partners scrambling to secure relief from soaring levies that are rewriting global trade practice. Shortly before the new rates kicked in, Washington
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Bursa treads water as markets weigh Trump’s tariff move
KUALA LUMPUR, Aug 8 — Bursa Malaysia opened nearly flat on Friday after a mixed overnight performance on Wall Street, as investors turned cautious over the impact of US President Donald Trump’s tariffs. Tariffs of between 15 per cent and
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Bursa Malaysia fully transitions to electronic CDS account statements, notices from August 25
KUALA LUMPUR, Aug 8 — Bursa Malaysia Bhd will implement the full adoption of electronic Central Depository System (CDS) account statements and notices (eStatements) for individual depositors effective Aug 25, 2025. The exchange said in a statement today that the
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Digital payments soar 71pc as Malaysia’s June retail and wholesale sales hit RM153b
KUALA LUMPUR, Aug 8 — Wholesale and retail trade recorded a steady growth of 4.8 per cent in June 2025, with sales at RM153.0 billion, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin
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Ascott, Coronade team up for five-star Coronation Square hotel in Johor Bahru
SINGAPORE, Aug 8 — Singapore-headquartered hospitality firm The Ascott Ltd has been appointed by Coronade Properties Sdn Bhd to manage the hotel component of the Coronation Square integrated development in Johor Bahru. Ascott chief growth officer Serena Lim and Coronade
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Trump demands Malaysia-born Intel CEO to resign immediately after alleged China military ties
WASHINGTON, Aug 8 — President Donald Trump demanded Thursday that the new boss of US chip maker Intel resign “immediately,” after a Republican Senator raised national security concerns over his links to firms in China. “The CEO of INTEL is
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Semiconductor shock: Trump’s 100pc tariff warning jolts Asian markets
TOKYO, Aug 7 — Chip-related shares were down in early Asian trade today, after US President Donald Trump said he planned to impose a 100 per cent tariff on imported semiconductors. Tokyo Electron, a major Japanese producer of chipmaking equipment,
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Brazil turns to WTO for relief over Trump’s 50pc tariffs on coffee, beef, sugar
BRASILIA, Aug 7 — Brazil on Wednesday approached the World Trade Organization for relief against trade tariffs imposed by US President Donald Trump, sources in the government of Luiz Inacio Lula da Silva told AFP. The 50-per cent tariff on
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Big Macs selling, but US$10 meals spook struggling US diners
NEW YORK, Aug — McDonald’s profits rose in the second quarter behind a rebound in US sales but executives said Wednesday that low-income consumers remained under economic stress. The fast-food chain notched a 2.5-per cent rise in US comparable sales
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