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Bursa Malaysia eases as blue chips drag, investors rotate into smaller-cap plays
KUALA LUMPUR, Sept 25 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index finished a tad lower on Thursday, with the broader market’s focus shifting to smaller-cap stocks, mainly in the energy, construction, and telecommunication sectors. At 5pm, the
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India’s aviation surge spurs calls for tighter safety oversight, room for new airlines
MONTREAL, Sept 25 — India will require more government oversight as the country’s airlines take delivery of thousands of planes and its fast-growing market is creating openings for new players, the government’s aviation safety chief told Reuters. India is looking
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Suparna Airlines takes first 777 freighter as hopes rise for billion-dollar jet orders
BEIJING, Sept 25 — Boeing delivered on Wednesday the first of two 777 freighters ordered by China’s Suparna Airlines, the US planemaker said on Thursday via its official WeChat account. It marks the first new-build freighter handed to a Chinese
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Asian stocks slip as growth concerns cloud outlook
SINGAPORE, Sept 24 — Stocks began the day on the back foot today in Asia after declines on Wall Street overnight following comments from Federal Reserve Chair Jerome Powell that gave little indication about the future path of interest rates.
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AirAsia in talks to enter Vietnam, Fernandes optimistic but cautious on timeline
KUALA LUMPUR, Sept 24 — Capital A Bhd’s low-cost airline, AirAsia, has confirmed it is in discussions with a local partner in Vietnam as part of its plan to expand its footprint in Asean. However, its chief executive officer, Tan
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Ringgit gains slightly as softer US data weighs on dollar
KUALA LUMPUR, Sept 24 — The ringgit opened slightly higher against the US dollar on Wednesday as the greenback weakened after softer United States (US) economic data. At 8 am, the local note rose to 4.1960/2020 against the greenback from
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Indonesia, EU seal long-awaited trade pact to unlock billions in tariff savings
DENPASAR, Sept 23 — Indonesia and the European Union finalised negotiations on a trade agreement today after nearly a decade of negotiations, a senior minister said. The Indonesia-European Union Comprehensive Economic Partnership Agreement (CEPA) is the third deal Brussels has
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New US Fed governor says rates should be around ‘mid-2pc’
WASHINGTON, Sept 23 — The US Fed governor newly appointed by President Donald Trump argued yesterday for significantly lower interest rates, signalling that concerns over inflation may be overblown. “I believe the appropriate Fed funds rate is in the mid-two
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Nvidia’s OpenAI bet sparks tech rally, Nasdaq tops 22,700
NEW YORK, Sept 23 — Wall Street stocks shook off early weakness and forged higher yesterday as some leading tech giants helped lift major Wall Street indices to fresh all-time highs. After a slow start, the market “started to rebound
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Nvidia to invest up to RM420b in OpenAI data centres
SAN FRANCISCO, Sept 23 — Nvidia said yesterday it will invest up to US$100 billion (RM420 billion) in OpenAI, building infrastructure for next-generation artificial intelligence. The strategic partnership aimed at deploying massive data centre capacity unites generative AI star OpenAI
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