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KLCI enters correction mode, slips below 1,700

KUALA LUMPUR: Tenaga Nasional and banking heavyweights saw heavy selling pressure in Thursday morning trade as negative sentiment over the US-China trade conflict continued to mount.

Wahid may quit as PNB chairman in July

KUALA LUMPUR: Tan Sri Abdul Wahid Omar is negotiating exit terms and is expected to resign as chairman of Permodalan Nasional Bhd as early as July.

Tan Sri Abdul Wahid Omar is negotiating exit terms and is expected to resign as chairman of Permodalan Nasional Bhd as early as July.

Malakoff indirect unit draws down RM1.5bil

KUALA LUMPUR: Malakoff Corp Bhd’s indirect unit has drawn down A$502mil (RM1.49bil) which was used to refinance the loan facility for the Macarthur Wind Farm in Australia.

Malakoff, which is an independent power producer with the largest capacity in Southeast Asia, announced to Bursa Malaysia its indirect unit Win Macarthur Finco Pty Ltd (WMFPL) had drawn down the amount for the existing term loan.

German bond bounces back from 2½ week lows

LONDON: German bond yields pulled away from 2½ week lows as world stock markets put aside trade war fears and rallied, taking the shine off safe-haven bond markets.

Dollar perched at 11-month highs as trade concerns weigh

LONDON: The dollar hit a 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility.

Thai central bank stands pat, raises growth forecasts a little

BANGKOK: Thailand's central bank on Wednesday held its benchmark interest rate, as widely expected, and raised its forecasts for growth and exports this year, saying Southeast Asia's second-largest economy continues to gain traction.

All 21 analysts in a Reuters poll predicted the Bank of Thailand's Monetary Policy Committee (MPC) would leave the one-day repurchase rate key rate at 1.50 percent.

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