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KLCI falls 0.65% due to possible US-Europe trade war

KUALA LUMPUR: The FBM KLCI lost 0.65% at mid-morning today as sentiment turned weak in line with the downward trend at regional markets on worries of a fresh trade war between US and Europe. At 10am, the FBM KLCI lost

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Asian stocks dips after US announces tariffs on Europe

TOKYO: Asian stocks, already under pressure from growing global growth fears, tumbled today after New York markets slumped overnight as the US opened a new trade war front, saying it will impose tariffs on US$7.5 billion of goods from the

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Ringgit soars against the US dollar early today

KUALA LUMPUR: The ringgit opened higher against the US dollar today due to better demand for the local currency and following the release of weaker US manufacturing data, as well as fewer jobs created in the country. At 9.03 am,

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Bursa Malaysia opens marginally lower on subdued demand

KUALA LUMPUR: Bursa Malaysia opened marginally lower today on subdued demand with investors remaining tepid on the volatile global outlook. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined a marginal 0.23 of-a-point to 1,592.10 from 1,592.33

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Trump favours ‘whole deal’ with China as two sides prepare for trade talks

US President Donald Trump said yesterday that he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible. “I’d rather get

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US, China grant trade concessions ahead of talks

WASHINGTON/BEIJING: US President Donald Trump yesterday welcomed China’s decision to exempt some of US’ anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods. Beijing’s exemptions and Washington’s

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India-China spat delays global trade matters

NEW DELHI: A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade. Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years

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Trade war: Chinese firms build up domestic brands

SHENZHEN, China/SHANGHAI: For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the US and other overseas markets. That

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Oil prices dip due to trade war

TOKYO: Oil prices fell today, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports. U.S. crude CLc1 was down 32 cents,

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China lodges tariff case at WTO against the US

China has lodged a complaint against the US at the World Trade Organization over US import duties, the Chinese Commerce Ministry said today. The US began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began

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