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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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India’s top palm oil buyer AWL sources 70pc of its palm oil from Malaysia, and plans to keep it that way
NEW DELHI, Sept 13 — AWL Agri Business Ltd, one of India’s largest food and fast-moving consumer goods companies, said it will continue to source the bulk of its palm oil requirements from Malaysia and is exploring opportunities to expand
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Bursa Malaysia could see technical rebound, bargain hunting next week
KUALA LUMPUR, Sept 12 — Bursa Malaysia could see selective bargain hunting next week following the recent sell-off, particularly in fundamentally sound blue-chip stocks that have been marked down amid the broader risk-off environment, an analyst said. Rakuten Trade Sdn
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MAHB expects three more international airlines for KL by year-end, alongside Lufthansa return
KUALA LUMPUR, Sept 12 — Malaysia Airports Holdings Bhd (MAHB) expects another three international airlines to commence flights to Kuala Lumpur by the end of this year, further strengthening the city’s connectivity as a regional aviation hub. Its managing director
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Ringgit expected to hover between RM4.06 and RM4.08 against US dollar next week
KUALA LUMPUR, Sept 12 — The ringgit is expected to trade within a tight range against the US dollar next week, with investors remaining cautious ahead of key monetary policy decisions by the United States Federal Reserve (Fed) and the
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Ringgit opens lower against US dollar on stronger US economic data
KUALA LUMPUR, Sept 11 — The ringgit opened slightly lower against the US dollar on Friday, weighed by stronger-than-expected US economic data which supported the greenback. At 8 am, the local currency eased to 4.0680/0745 against the greenback from 4.0630/0670 yesterday’s
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Pecans become latest flashpoint in US-China trade tensions
BEIJING, Sept 10 — China has extended an anti-dumping investigation into pecans from the United States and Mexico, Beijing’s commerce ministry said on Thursday, two weeks before an expected visit by President Xi Jinping to Washington. The probe launched last
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MPOB: Malaysia’s palm oil stocks climb 7.5pc to 2.82 million tonnes in August
KUALA LUMPUR, Sept 10 — Malaysia’s total palm oil stocks rose by 196,590 tonnes, or 7.48 per cent, to 2.82 million tonnes in August 2026 from 2.62 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).
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