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Ringgit expected to hover around 4.00 amid oil‑driven inflation fears, hawkish Fed
KUALA LUMPUR, March 28 — The ringgit is expected to trade around the 4.00 level against the US dollar next week, as expectations of a prolonged West Asia conflict weigh on the currency. Kenanga Investment Bank Bhd (Kenanga IB) said
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US appeals court voids US$16.1b YPF judgment, says claims not valid under Argentine law
BUENOS AIRES, March 28 — A US appeals court yesterday overturned a US$16.1 billion (RM63.1 billion) judgment against Argentina for nationalising the oil company YPF in 2012. The ruling was a big victory for President Javier Milei as he tries
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Bank of America settles Epstein accusers’ suit for US$72.5m, after JPMorgan and Deutsche Bank paid larger sums
NEW YORK, March 28 — Bank of America agreed to pay US$72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed yesterday. Lawyers for the
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Malaysia maintains lowest fuel prices in region as global oil squeeze deepens Asean gap
KUALA LUMPUR, March 27 — Fuel prices across South-east Asia are edging higher, with variations among Asean member states reflecting differing subsidy frameworks, taxation structures, and exposure to global oil markets. The trend comes amid geopolitical tensions in West Asia,
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Ringgit rises for fourth day as Malaysia balances fuel subsidies amid West Asia tensions
KUALA LUMPUR, March 27 — The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions. At 8 am, the
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Sunway shareholders greenlight IJM bid, but deal snags on PNB rejection
KUALA LUMPUR, March 26 — Sunway Bhd’s shareholders have overwhelmingly approved the company’s bid to take over construction giant IJM Corporation Bhd, founder and chairman Tan Sri Jeffrey Cheah said today. However, the deal faces a significant hurdle as a
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Asia cargo flows stay strong, supply chain realignment boosts Asean, says MTTSL
KUALA LUMPUR, March 26 — Cargo volumes in the Asian region remain robust amid global geopolitical tensions, driven by China’s market diversification and the ongoing realignment of supply chains to South-east Asia, said MTT Shipping and Logistics Bhd (MTTSL) managing
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Thailand defends six-baht-per-litre fuel price hike, cites oil surge and fund pressure
BANGKOK, March 26 — Thailand has defended a 6-baht-per-litre fuel price increase, citing surging global oil prices and mounting pressure on the state subsidy fund amid tensions in West Asia. Director of Policy and Planning at the Oil Fuel Fund
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Rising petrol prices accelerate shift to used electric vehicles in Europe
PARIS, March 26 — Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from
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German chemical giant BASF opens RM40b China mega-plant, bets big despite controversy
FRANKFURT, March 26 — German chemical titan BASF officially opened a giant, €8.7 billion (RM40.1 billion) production complex in China today, a major but controversial expansion in the world’s number two economy. The complex in Zhanjiang, Guandong province, sprawls over
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