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ECB poised for rate hike as Middle East fighting pushes eurozone inflation to three‑year high
FRANKFURT, Sept 7 — The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation. Some of the heaviest clashes in weeks
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Asian markets mixed as tech rebounds, oil rises and US inflation takes centre stage
HONG KONG, Sept 7 — Tech firms rallied on a mixed day for Asian stocks today, with traders gearing up for a crucial week of events culminating in US inflation data that could determine the Federal Reserve’s decision on interest
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Ringgit opens slightly higher against dollar ahead of key US CPI
KUALA LUMPUR, Sept 7 — The ringgit opened slightly higher against the US dollar today, buoyed by expectations of a potential United States (US) interest rate hike following stronger-than-expected US non-farm payrolls (NFP) data. At 8 am, the local currency
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BYD to reveal Malaysia strategy ‘within a week’ amid local-assembly speculation
SHENZHEN, Sept 6 — Chinese electric vehicle (EV) giant BYD Co Ltd is expected to announce within a week its next move for further expansion in Malaysia, amid questions over whether the automaker will collaborate with a local partner or
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Argentina threatens to sanction oil projects around Falklands
BUENOS AIRES, Sept 6 — Argentina has announced that it will investigate and sanction oil companies working near the Falkland Islands without authorisation, after President Javier Milei said the “winds of change” favour his country’s claim to the archipelago. Britain
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El Salvador president denies transferring govt’s bitcoin reserves to private operator
SAN SALVADOR, Sept 5 — El Salvador’s President Nayib Bukele denied on Friday transferring the country’s bitcoin reserves to a private operator as part of a loan agreement with the International Monetary Fund (IMF). Bitcoin has been the most closely
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GTA sets sights on bigger role in Malaysia’s push for defence self-reliance
KUALA LUMPUR, Sept 5 — GTA Holdings Bhd (GTA), a provider of aviation maintenance, repair, and overhaul (MRO) services, intends to establish a Centre of Excellence (CoE) after its listing on the ACE Market of Bursa Malaysia. This new facility
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Ringgit seen trading at RM4.04-RM4.06 against US dollar next week
KUALA LUMPUR, Sept 5 — The ringgit and other regional currencies are expected to come under pressure next week, with the local currency seen trading between RM4.04 and RM4.06 against the US dollar. This comes after the stronger-than-expected US non-farm
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Volkswagen to cut 100,000 jobs by end of decade in biggest-ever auto industry restructuring
FRANKFURT, Sept 4 — German car giant Volkswagen said yesterday that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. The company said
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Nvidia buys Hugging Face for US$12.9b — and tightens its grip on the AI ecosystem
WASHINGTON, Sept 4 — Nvidia announced yesterday it will buy artificial intelligence platform Hugging Face for US$12.9 billion (RM52 billion), as the chipmaking giant seeks to diversify its hold on the AI sector. Nvidia CEO Jensen Huang confirmed the deal
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