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TikTok forms US joint venture with Oracle-led consortium to avoid ban
WASHINGTON, Jan 23 — TikTok announced yesterday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership. The TikTok USDS Joint Venture LLC will serve more
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Fahmi says Malaysia’s economy on the right track as trade tops RM3t
PUTRAJAYA, Jan 21 — The country’s economy is currently on the right track with Malaysia continuing to be the focus of foreign investors and large companies, said Madani Government spokesman Datuk Fahmi Fadzil. Fahmi, who is also communications minister, said
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End of an era: Sony to spin off TV business into joint venture with Chinese maker TCL
TOKYO, Jan 21 — Sony Corp. said yesterday it will spin off its home entertainment business into a joint venture with major Chinese television maker TCL Electronics Holdings Ltd. as it seeks to boost its global competitiveness. TCL will hold
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Ringgit dips slightly as US-EU tariff tensions spook markets
KUALA LUMPUR, Jan 20 — The ringgit eased slightly against the US dollar at the close on Tuesday, as the market sentiment turned cautious amid rising tariff tension between the United States and the European Union. At 6 pm, the
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Bursa slides as Greenland tariff threat adds to market jitters
KUALA LUMPUR, Jan 20 — Bursa Malaysia’s benchmark index ended lower on Tuesday, slipping below the key 1,700 level, as continued profit-taking and weak regional market performance, amid heightened geopolitical tensions, dampened investor risk appetite. At 5 pm, the FTSE
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Investors rush to gold and silver after Trump Greenland tariff threat rattles stocks
HONG KONG, Jan 19 — Gold and silver hit record highs Monday while most equity markets fell after Donald Trump revived trade war fears by threatening several European nations with tariffs over their opposition to the United States buying Greenland.
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Global growth gets a 2026 upgrade — but IMF says AI hype could still unravel the boom
WASHINGTON, Jan 19 — The IMF upgraded its 2026 global growth forecast Monday, citing a boost from tech investments but warning that a re-evaluation of AI productivity gains or renewed trade tensions could bring disruptions. World economic growth is projected
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AirAsia X and Capital A shares slip in morning trading after deal completion
KUALA LUMPUR, Jan 19 — AirAsia X Bhd (AAX) and Capital A Bhd were among the most active stocks in the morning session, with both counters trading lower after AAX completed the acquisition of AirAsia Bhd (AAB) and AirAsia Aviation
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Malaysia’s short-term rates likely unchanged as BNM manages system liquidity
KUALA LUMPUR, Jan 19 — Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity in the banking system is estimated at RM29.42 billion in the
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Robust 4Q GDP lifts ringgit, outlook stable ahead of BNM policy meeting
KUALA LUMPUR, Jan 19 — The ringgit opened higher against the US dollar on Monday, supported by stronger-than-expected advance gross domestic product (GDP) growth of 5.7 per cent in the fourth quarter (4Q) of 2025, signalling continued resilience in the
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