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Oil drops, stocks pop on talk of Iran deal and Hormuz easing
HONG KONG, March 25 —Oil prices tumbled and stocks rose today after reports that Washington sent a peace plan to Iran, while Tehran announced it will let “non-hostile” oil vessels through the crucial Strait of Hormuz. After nearly four weeks
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BlackRock boss flags ‘stark’ global recession risk if oil surges to US$150
LONDON, March 25 — A surge in oil prices to as high as US$150 (RM600) per barrel could push the global economy into a “stark and steep recession”, the chief executive of BlackRock has warned, as geopolitical tensions continue to
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CK Hutchison unit says Panama arbitration claim now tops RM8b
PANAMA CITY, March 25 — A unit of Hong Kong conglomerate CK Hutchison said yesterday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than US$2 billion (RM8 billion). Panama
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War scrambles global car shipments, dealers stuck waiting
SEOUL, March 25 — The US and Israeli strikes on Iran last month plunged the Middle East into crisis, disrupted global shipping routes and spawned a series of headaches for Umar Ali Hyder Ali’s used-car business in Japan. Hyder Ali,
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Bursa climbs in early trade, upbeat sentiment offsets Wall Street weakness
KUALA LUMPUR, March 25 — Bursa Malaysia opened higher on Wednesday, supported by improved risk appetite across regional markets despite a weaker overnight performance on Wall Street. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 16.61 points, or
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Oil prices drop more than 5pc after Trump sends peace plan
TOKYO, March 25 — Brent crude oil, the global market benchmark, dropped close to 6 per cent today after US President Donald Trump sent a peace plan to Iran. At around 0030 GMT, a barrel of Brent crude was down
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Wall Street dips in choppy trade, caught between oil fears and peace talk buzz
NEW YORK, March 25 — Wall Street indexes lost ground in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a resolution to the US-Israeli war on Iran as US President Trump claimed progress
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BMW recalls 180,000 cars in China over fire risk, including 5 Series, 7 Series and M5 models
BEIJING, March 24 — The Chinese arm of German automaker BMW will recall nearly 180,000 vehicles due to a possible wiring fault in air conditioning units that poses a fire risk, China’s market regulator said today. The recall, which is
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Trump backs off strikes, stocks jump — but shaky peace hopes keep oil volatile
HONG KONG, March 24 — Stocks rose today after Donald Trump delayed strikes on Iranian energy sites and hailed “very good” talks with Tehran but oil prices rebounded as optimism over a possible de-escalation of the Middle East war remained
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Fuel pain ahead: Thailand warns diesel prices will follow market
BANGKOK, March 24 — The Thai government can no longer sustain diesel price controls amid a prolonged global energy crisis, according to Deputy Prime Minister Ekkanit Nitithanprapas. Ekkanit, who is also the finance minister, said the government would have to
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