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Crypto crash course: How plunging bitcoin prices shake companies
LONDON, Dec 28 — The year-end plunge in cryptocurrencies has rattled companies that had bet heavily on bitcoin, sending share prices tumbling and reviving fears of a bubble. Below AFP explains what happens to these bitcoin-buying firms when prices drop.
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Ringgit to trade in narrow 4.03–4.05 range amid holiday lull
KUALA LUMPUR, Dec 27 — The ringgit is expected to trade in a narrow range next week, hovering between 4.03 and 4.05 against the US dollar amid a holiday-shortened week. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul
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Ringgit slips slightly but holds firm after testing 4.03 against US dollar
KUALA LUMPUR, Dec 26 — The ringgit ended marginally lower against the US dollar today but was said to maintain its momentum as it attempted to breach the 4.03 level during the morning session. At 6pm, the local currency edged down
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South Korea’s Hanwha says Philly Shipyard capable of building nuclear submarine for US Navy
SEOUL, Dec 25 — Hanwha’s Philly Shipyard has the capability of building a nuclear-powered submarine for the US Navy, said Alex Wong, global chief strategy officer at Hanwha Group, according to a statement from the South Korean company today. “The
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GV Ride Brings Christmas Cheer with ‘Santa On-The-Go’ Campaign
SUBANG JAYA,Dec 25 — GV Ride is introducing a special Christmas surprise through its One-Day-Only Surprise initiative, taking place on 25 December around Subang Jaya. Three selected drivers will add a festive twist by donning full Santa Claus costumes throughout
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Nvidia said to plan H200 deliveries to China before CNY
NEW YORK, Dec 23 — Nvidia has told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February, three people familiar with the matter told Reuters. The US
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Bursa Malaysia turns choppy amid energy, plantation heavyweights selloff
KUALA LUMPUR, Dec 22 — Bursa Malaysia witnessed volatile trading at mid-morning with selling seen in selected energy and plantation heavyweights. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.22 of a point to 1,666.12 from Friday’s
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Energy reforms let Chinese battery makers dominate global market with US$65b in exports
BEIJING, Dec 22 — A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that already dominate globally. Chinese firms are on track
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Japan to spend US$19b building its own national AI
TOKYO, Dec 21 — Japanese authorities, in collaboration with the private sector, will launch a large-scale project to develop a national artificial intelligence (AI) system costing approximately ¥3 trillion (approximately US$19 billion), Sputnik/RIA Novosti reported, citing a Yomiuri newspaper report
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How Elon Musk crossed the US$700b line — and left every other billionaire behind
WASHINGTON, Dec 21 — United States (US) businessman Elon Musk has become the first person in history whose net worth has surpassed US$700 billion (RM2.8 trillion), Sputnik/RIA Novosti reported, citing a Forbes magazine report. Musk’s fortune increased after the Delaware Supreme Court
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