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Ringgit weakens against US dollar amid Iran war and surging crude
KUALA LUMPUR, March 9 — The ringgit eased against the US dollar and other major currencies on Monday as heightened geopolitical risks strengthened the greenback after Brent crude oil prices surged sharply, with the local currency continuing to be affected
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Energy exporter edge helps Malaysia weather Middle East turmoil, says Amir Hamzah
KUALA LUMPUR, March 9 — Malaysia is well-positioned to manage potential economic fallout from escalating conflict in the Middle East, backed by its status as a net energy exporter and strong economic fundamentals, Finance Minister II Datuk Seri Amir Hamzah
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Oil, food, metals and gold — Iran war hits major commodity markets simultaneously
SINGAPORE, March 9 — Oil prices surged around 25 per cent on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2 per cent as an escalating Iran war squeezed world
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US dollar strengthens as ringgit slips amid Gulf crisis and rising oil costs
KUALA LUMPUR, March 9 — The ringgit opened lower against the US dollar on Monday as heightened risk aversion strengthened the greenback after Brent crude oil prices surged 15.5 per cent to US$107.04 per barrel, an analyst said. At 8 am,
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Why fuel prices could stay high for months even if the Iran war ends tomorrow
RIYADH, March 8 — The US-Israeli war with Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the week-old conflict ends quickly, as suppliers grapple with damaged facilities, disrupted logistics, and elevated
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Pichai set to become one of world’s highest‑paid CEOs under new Google pay deal worth up to US$692m over three years
NEW YORK, March 7 — The CEO of Google and its parent company Alphabet could earn up to US$692 million (RM2.7 billion) over the next three years under a new compensation plan published yesterday by the US Securities and Exchange
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Cautious start for ringgit against US dollar amid elevated oil prices
KUALA LUMPUR, March 6 — The ringgit was nearly flat against the US dollar at Friday’s open as foreign exchange sentiment stayed cautious amid no signs of the Middle East crisis easing over the past week. At 8 am, the
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Oil prices drop in Asian trade as Trump pledges intervention in Hormuz
TOKYO, March 6 — Oil prices fell more than two per cent in early Asian trade after strong gains in recent days on the back of the conflict in the Middle East. West Texas Intermediate was down 2.09 per cent
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Trump hit with new tariff lawsuit as US states accuse him of illegal ‘end run’ around Supreme Court ruling
WASHINGTON, March 6 — A group of 24 US states sued President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10 per cent global tariffs, alleging that the president cannot sidestep a recent US
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AirAsia X short-selling halted on Bursa Malaysia after shares hit 15pc limit
KUALA LUMPUR, March 5 — Bursa Malaysia Bhd has suspended intraday short-selling (IDSS) on AirAsia X Bhd (AAX) until 8.30am tomorrow after the counter dropped more than 15 per cent/15 sen from the reference price. AAX share price dropped sharply
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