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Germany, France make proposals to simplify EU financial rules, letter shows
BERLIN, Feb 17 — France and Germany have urged the European Commission to bring forward an ambitious “financial services simplification package” to make EU rules easier to navigate and less burdensome for firms, according to a letter seen by Reuters
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UK jobless rate hits decade high outside pandemic, boosting rate cut bets
LONDON, Feb 17 — Britain’s jobless rate edged up late last year to its highest in over a decade outside the pandemic period and wage growth slowed further, data showed today, adding to investor bets on a UK interest rate cut
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Tony Fernandes says AirAsia unit close to Nasdaq deal valuing firm at US$1.5b
KUALA LUMPUR, Feb 17 — AirAsia co-founder Tan Sri Tony Fernandes said the airline’s branding arm is nearing a deal for a backdoor listing on Nasdaq later this year that could value the new entity at about US$1.5 billion (RM7
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Indonesia weighs tin export ban to boost downstream industry
JAKARTA, Feb 14 — Indonesia is studying a plan to halt tin exports as part of efforts to strengthen domestic economy. Energy and Mineral Resources Minister Bahlil Lahadalia said exports of raw materials must be replaced with downstream industrial products
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Pre-CNY profit-taking, US tech jitters drag Bursa Malaysia lower
KUALA LUMPUR, Feb 13 — Bursa Malaysia finished lower on Friday as investors continue locking in gains ahead of the Chinese New Year break next week, while concerns over global technology stocks continue to dampen investor sentiment and risk appetite.
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US pushes for ‘dramatic increase’ in Venezuela oil output amid thaw in ties
CARACAS, Feb 12 — Andrea Tosta and Patrick Fort US Energy Secretary Chris Wright vowed yesterday to power a “dramatic increase” in Venezuelan oil output as part of a plan to “make the Americas great again.” Wright met interim leader
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AirAsia X picks Bahrain as strategic hub for Middle East, Europe expansion
MANAMA, (Bahrain), Feb 11 — AirAsia X (AAX) has made Bahrain as its key strategic hub for medium-haul expansion beyond Asia, a move aimed at strengthening connectivity between Southeast Asia, the Middle East, and Europe. The long-haul low-cost airline said
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Struggling brewer Heineken to cut up to 6,000 jobs
AMSTERDAM, Feb 11 — Under-pressure Dutch brewer Heineken said today that it would scrap up to 6,000 jobs as it faces what it called “challenging market conditions” with beer volumes down compared to last year. The company said it would
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Ringgit strengthens to 3.92 against US dollar ahead of Malaysia’s GDP data
KUALA LUMPUR, Feb 10 — The ringgit revisited the 3.92 level to end higher against the US dollar on Tuesday, as investors took positions ahead of the release of Malaysia’s gross domestic product (GDP) data on Friday. At 6 pm,
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US and India unveil interim trade framework, move closer to broad pact
WASHINGTON, Feb 7 — The United States and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply
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