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Top foreign and local stories at 4pm
KUALA LUMPUR: Malaysia's inflation rate rose at a faster pace of 3.7% in August 2017 from a year ago, exceeding a forecast of a 3.4% increase, mainly fuelled by higher petrol prices.
KUALA LUMPUR: RAM Ratings expects the August 2017 inflation rate to increase to 3.8%, following four consecutive months of declines.
From TAN SRI RAMON NAVARATNAM, Chairman, Asli Center of Public Policy Studies.
TOKYO: U.S. stock futures and Asian stocks dipped and the yen rose after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.
NEW YORK: Rising shares of Boeing pulled the Dow Jones Industrial Average up to a record high on Thursday, while the S&P 500 fell as investors saw higher-than-expected inflation increasing the chances of an interest rate hike.
NEW YORK: Wall Street’s three major indexes opened lower on Thursday, shying away from their record high closes, as an uptick in consumer prices inflation boosted the odds of another interest rate hike this year.
TOKYO: Asian stocks edged down on Thursday, consolidating after touching their highest in a decade, while the dollar held steady before the U.S. inflation report for August is published.
SYDNEY: Asian stocks fell as investors turned to haven assets after the dictatorship tested a nuclear bomb on Sunday, sending the yen, gold and Treasury futures higher.
ONE striking aspect of what has been written about the Malaysian economy in recent years is the extent to which assessments have been coloured by a small number of (admittedly major) controversies.