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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
Read MoreBursa Malaysia opens lower on muted trading after long holiday
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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Ringgit edges up against US dollar ahead of Bank Negara policy meet, US jobs data
KUALA LUMPUR, Sept 2 — The ringgit opened higher on Tuesday but is likely to trade cautiously today as traders will be observing Bank Negara Malaysia’s (BNM) Monetary Policy Committee meeting this Thursday, along with the United States (US) non-farm
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China’s Rianlon Corp commits RM820m for Johor R&D centre and plant, Anwar says
TIANJIN (China), Sept 1 — Leading Chinese conglomerate Rianlon Corporation has expressed its commitment to invest RM820 million to develop a research and development (R&D) centre in Johor. Prime Minister Datuk Seri Anwar Ibrahim said the company expressed its commitment
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US–India trade clash hits billionaire Ambani family’s cultural showcase plans in New York
MUMBAI, Sept 1 — Billionaire Mukesh Ambani’s family has postponed a cultural showcase in New York, citing “unforeseen circumstances”, a decision made after Washington sharply raised tariffs on imported Indian goods over its purchases of Russian oil. The Nita Mukesh
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German consumer watchdog sues Milka maker Mondelez over chocolate shrinkflation
BERLIN, Sept 1 — Germany’s consumer watchdog has filed a lawsuit against snack maker Mondelez after it reduced the size of its Milka chocolate bars from 100 grammes (gm) to 90 gm without lowering the price, reported German Press Agency
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Thailand’s new 50- and 100-baht notes: Real, just plastic from Nov 2025
BANGKOK, Aug 30 — Travelling in Thailand this November? Don’t be alarmed if your 50- and 100-baht notes look a little different; they’re going polymer. Thailand began switching banknotes to plastic in 2022 with the 20-baht note, which lasts about
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