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Japan says US trade deal remains unsettled, awaits pharma and chip tariff orders
TOKYO, Sept 6 — Japan’s broad trade agreement with the United States is “not settled,” as Washington has not issued expected presidential orders on tariffs for pharmaceuticals and semiconductors, Tokyo’s top tariff negotiator said today. “While a presidential order has
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US raids Hyundai-LG battery site, detains 475 over unlawful employment
WASHINGTON, Sept 6 — South Koreans suspected of working in the United States illegally were the majority of 475 people arrested in a raid on a Hyundai-LG battery plant being built in the southern state of Georgia, a US official
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Kuching enters Malaysia Airlines’ side trip scheme, opening Sarawak to global travellers
KUCHING, Sept 5 — Sarawak’s tourism reach is set to expand globally with Kuching to be listed as the eighth destination under Malaysia Airlines’ Bonus Side Trip (BST) programme. Sarawak Tourism Board (STB) in a statement today said the announcement
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China escalates trade spat with EU, slaps anti-dumping duties on pork imports
BEIJING, Sept 5 — China said today it would impose temporary anti-dumping duties on European Union pork imports, delivering another blow to shaky ties between the economic powerhouses. Beijing and Brussels have navigated a challenging relationship in recent years, complicated
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Proton opens Malaysia’s first dedicated plant in Tanjung Malim, targets 45,000 units yearly
TANJUNG MALIM, Sept 4 — Prime Minister Datuk Seri Anwar Ibrahim today launched Malaysia’s first assembly plant dedicated exclusively to electric vehicles (EVs), marking a major milestone for Proton and the nation’s automotive industry. Located within the Automotive High Tech
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Asia markets dip as gold hits record high on safe haven rush
HONG KONG, Sept 3 — Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit
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Ringgit opens slightly higher ahead of US labour data as Fed rate cut bets remain in play
KUALA LUMPUR, Sept 3 — The ringgit opened slightly higher today ahead of the US labour market data this week, which will be an important input for the Federal Open Market Committee (FOMC) members when they meet on Sept 16 and 17.
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Gold prices soar past US$3,500 to record high amid global uncertainty
HONG KONG, Sept 2 — Gold prices hit a record high above US$3,500 (RM14,800) on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached US$3,501.59 an ounce during early trading in Asia,
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Nestle sacks CEO over office affair, installs Nespresso chief as replacement
GENEVA, Sept 2 — Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules and KitKat chocolate bars said Freixe’s
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KUALA LUMPUR, Sept 2 — Bursa Malaysia started the week on a softer note, with muted trading after the long weekend. The exchange was closed yesterday for the replacement National Day public holiday while Wall Street was closed yesterday in
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