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Wall Street edges lower, euro falls

NEW YORK: The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports

At the market close on Wednesday, the Dow Jones Industrial Average fell 59.34 points, or 0.22%, to 26,597.05, the S&P 500 lost 6.43 points, or 0.22%, to 2,927.25 and the Nasdaq Composite dropped 18.81 points, or 0.23%, to 8,102.02.

Turkey not keen to buy more oil from Saudi, UAE

ANKARA: Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the US looks to squeeze exports from Iran, currently the third largest supplier of crude to the Middle East’s biggest economy.

“Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and UAE crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara, according to state-run TRT television

Kremlin offers oil giants US$8bil as Russians struggle

MOSCOW: Vladimir Putin’s poll ratings are down after a tax hike squeezed cash-strapped consumers. But the Kremlin has opened the coffers to give as much as US$8bil this year to another key constituency: oil companies awash in record profits.

Kremlin has opened the coffers to give as much as US$8bil this year to another key constituency: oil companies awash in record profits.

MISC expects stronger performance in 2019 and 2020

KUALA LUMPUR: After a tough 2018, MISC Bhd is looking at a stronger performance this year and in 2020, as its past projects begin contributing to its bottomline, and anticipated better market conditions.