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Maersk doubles Q2 profit to US$1.3b, raises full-year outlook
COPENHAGEN, Aug 13 — Shipping giant Maersk raised its full-year earnings guidance Thursday as it reported a doubling of profits in the second quarter, driven by strong demand in Asia in particular. From April to June, net profit was US$1.3
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Seoul leads Asian stocks higher as easing US inflation revives tech rally
HONG KONG, Aug 13 — Seoul led gainers in Asian stocks Thursday as investors continued to push back into tech firms after a summer rout, with confidence boosted by easing US interest rate hike fears after data showed inflation slowing
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Ringgit rises against US dollar as markets await 2Q GDP, US inflation data
KUALA LUMPUR, Aug 12 — The ringgit opened higher against the US dollar today, ahead of Malaysia’s second quarter (2Q) gross domestic product (GDP) official data, slated to be released on Aug 14, an economist said. At 8 am, the local
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AI’s hunger for power sparks US private gas plant boom
WASHINGTON, Aug 11 — As US tech companies race to build the data centres fueling the AI boom, they are increasingly putting up their own power plants — off the grid and running on gas — to get online faster. Analysis
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Oil prices jump further as hopes for Hormuz deal fade
HONG KONG, Aug 11 — Oil prices extended a strong rally today as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year.
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MyAngkasa Capital Sdn. Bhd. Appointed To Raise Up To US$1 Billion For 65 MW Ai Data Centre At Cyber Valley
Kuala Lumpur, 11 August 2026 — MyAngkasa Capital Sdn. Bhd. has been appointed to raise up to US$1 billion to finance the development of a 65 MW next-generation Artificial Intelligence (AI) Data Centre at Cyber Valley, Selangor. The mandate was
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Meta pushes global AI vision amid race with OpenAI, Anthropic and China
SAN FRANCISCO, Aug 11 — Meta boss Mark Zuckerberg laid out a vision for how the United States and the social media giant could win a global race to dominate AI amid fierce competition from China. In a long essay
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Malaysia’s construction material prices creep higher — except sand, which jumps nearly 15pc, DOSM says
KUALA LUMPUR, Aug 10 — The unit price index of sand increased in July 2026, ranging from 0.1 per cent to 14.9 per cent nationwide, compared to the previous month, said the Department of Statistics Malaysia (DOSM). In a statement
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Bursa rides Wall Street’s coattails to a firmer open
KUALA LUMPUR, Aug 10 — Bursa Malaysia opened higher on Monday, taking cues from gains on Wall Street on Friday. At 9.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.21 of a point to 1,735.96 from Friday’s close
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US jobs shock gives ringgit a lift, but Hormuz remains the wildcard
KUALA LUMPUR, Aug 10 — The ringgit opened higher against the US dollar on Monday on weaker United States (US) non-farm payrolls (NFP) data. At 8am, the local currency strengthened to 4.0875/0925 against the greenback from Friday’s close of 4.0885/0930.
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