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Ringgit edges up against US dollar as falling Treasury yields drag down greenback
KUALA LUMPUR, Jan 15 — The ringgit edged marginally higher against the US dollar today, underpinned by easing US Treasury yields that weighed on the greenback as markets priced in a more accommodative Federal Reserve policy stance. At 8am, the
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China launches monopoly probe into travel giant Trip.com
SHANGHAI, Jan 14 — China’s market regulator said Wednesday it was investigating the country’s largest online travel provider Trip.com Group for suspected violations of the monopoly law. Beijing has previously taken tough regulatory action on major internet companies over monopoly
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Elon Musk’s lawsuit against OpenAI and Microsoft heads to trial April 27
SAN FRANCISCO, Jan 14 — A trial in the lawsuit brought by Elon Musk against OpenAI CEO Samuel Altman and other defendants — including tech giant Microsoft — is scheduled to begin April 27, according to a federal court order
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China’s trade ends 2025 with record trillion-dollar surplus despite Trump tariffs
BEIJING, Jan 14 — China today reported a strong export run in 2025 with a record trillion-dollar surplus, as producers braced for three more years of a Trump administration set on slowing the production powerhouse by shifting US orders to
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Ringgit dips against US dollar amid Iran protests, but rises versus other major currencies
KUALA LUMPUR, Jan 14 — The ringgit opened lower against the US dollar today but higher against major currencies amid mixed market sentiment driven by geopolitical risk and Trump’s ongoing pressure on the US Federal Reserve (US Fed). At 8.01am,
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Bursa eases after six-year high as Wall Street jitters weigh on sentiment
KUALA LUMPUR, Jan 14 — Bursa Malaysia eased in early trade today after touching its highest level in more than six years, weighed by negative sentiment following Wall Street’s overnight performance, though the benchmark index remained above the 1,700 level.
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Bursa Malaysia rises for second day, led by gains in financial heavyweights
KUALA LUMPUR, Jan 13 — Bursa Malaysia’s benchmark index extended its upward momentum at mid-morning, supported by continued buying interest in key index heavyweights, led by financial services. At 11.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.34 points
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Expert: Petronas bid for Federal Court review of Sarawak oil ops just legal move, not political
KUALA LUMPUR, Jan 13 — Petronas’s decision to seek a Federal Court ruling on the regulatory framework governing its operations in Sarawak is a standard legal process for resolving constitutional disputes between federal and state authorities, not a political confrontation,
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AirAsia X to rebrand as AirAsia on Jan 19, says Tony Fernandes
KUALA LUMPUR, Jan 13 — AirAsia X will be renamed AirAsia and listed as a newly quoted stock on January 19, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes. Fernandes, in a LinkedIn post today, said that
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Gold, silver hit record highs as US probes Fed, fuelling fears over central bank independence
HONG KONG, Jan 12 — Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fuelling fears over the bank’s independence and raising demand for safe haven assets. Gold vaulted toward
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