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Oil prices slip after surprise build in US inventories
TOKYO: Oil prices fell today, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or
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Malaysia’s trade surplus expands to RM14.27 bln in July
KUALA LUMPUR: Malaysia recorded a trade surplus in July 2019 amounting to RM14.27 billion, up 75.6% from the same month of the previous year and marking the 261st consecutive month of trade surplus since November 1997. Exports picked up by
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KLCI opened higher this morning
KUALA LUMPUR: The KLCI opened higher today due to bargain hunting after a substantial drop yesterday and after the ringgit strengthened. At 9am today, the KLCI opened up 2.34 points or 0.15% at 1,593.86. At 9:07am the index rose 2.63
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Oil prices dip due to trade war
TOKYO: Oil prices fell today, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports. U.S. crude CLc1 was down 32 cents,
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S&P maintains stable outlook for M’sian banks, flags fintech effect
KUALA LUMPUR: S&P Global Ratings is maintaining a stable outlook on all Malaysian banks but flags external challenges and the financial technology (fintech) effect that could radically disrupt their industry. Malaysia’s banks are battling on multiple fronts namely a trade
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Oil prices drop as more tariff added in US-China trade war
TOKYO: Oil prices were lower on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude. Brent crude was down 27 cents, or
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Malaysia’s halal cosmetics, personal care products in high demand
BENGALURU: Malaysia’s halal cosmetics and personal care products are in great demand in India despite the slower sales growth recorded in 2018, said Halal Industry Development Corporation Sdn Bhd (HDC). Its international footprint manager Mohammad Shukur Sugumaran said Indian importers
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China, USA impose additional tariffs on each other’s goods
BEIJING: China and the United States will begin imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war despite signs talks would resume sometime this month. A new round of U.S. tariffs on
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KLCI stays above 1,600 level threshold
KUALA LUMPUR: The FBM KLCI pared some of its gains at mid-morning today, but stayed above the 1,600 level, lifted by select index-linked blue chips. At 10am, the FBM KLCI was up 7.83 points to 1,603.01. The index had earlier
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Affordable housing, a shared responsibility
KUALA LUMPUR: Decent affordable housing is fundamental to the health and well-being of people, and to the smooth functioning of economies. Yet around the world, in developing and advanced economies alike, cities are struggling to meet that need. In line
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