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April industrial output expands at faster pace

PETALING JAYA: Malaysia’s industrial product index (IPI) in April expanded at a faster pace of 4% from a year ago, exceeding the Bloomberg forecast of a 2.5% growth, according to the Statistics Department.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth in April was driven by the increase in electricity (5.8%), manufacturing (4.3%) and mining (2.3%)”

US stocks extend gains as risk rally takes hold

NEW YORK: US stocks extended their winning streak, joining a global rally in riskier assets amid optimism on the outlook for trade talks and speculation U.S. monetary policy will be supportive. Treasuries were steady.

Trump stepped up his criticism of Fed policy in a tweet Tuesday, calling borrowing costs "way too high” amid "VERY LOW INFLATION.”

Bursa only market in the red as Asian peers advance

KUALA LUMPUR: Selling pressure on Tenaga Nasional and Maybank pushed the FBM KLCI into the red at the close on Tuesday, despite better-than-expected industrial output while all other key Asian markets advanced.

China says will respond if US ups trade tension

BEIJING: China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit.

Trump ready to slap more tariffs on China after G20 meeting

WASHINGTON/BEIJING: U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China's President at a Group of 20 summit later this month.

"We are scheduled to talk and to meet. I think interesting things will happen. Let's see what happens," Trump told reporters at the White House.