Latest
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Economy
Australia's central bank holds rates as expected, waters down tightening bias
SYDNEY: Australia's central bank held interest rates steady on Tuesday and watered down its tightening bias, signalling greater confidence that inflation is moving back to its target as the economy slows.
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Economy
Bank of Japan ends negative rates, closing era of radical policy
TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
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Forex
Ringgit opens weaker vs US$ on lack of buying interest
KUALA LUMPUR: The ringgit opened lower against the US dollar today due to the lack of buying interest, as cautious sentiments surrounding the Bank of Japan’s (BoJ) monetary policy decision continued to prevail.
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Stock on the Move
Apollo Food's profits propel share price to all-time high
KUALA LUMPUR: Apollo Food Holdings Bhd's trading stock was bought up to record-high levels in Tuesday trading following a surge in the confectionery maker's profits in the third quarter of its financial year.
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Markets
Volatile start on Bursa Malaysia
KUALA LUMPUR: Bursa Malaysia started on a volatile note following a a flattish performance in the previous session.
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Analyst Reports
Trading ideas: MAHB, Apollo, Magni-Tech, JAG, Epicon, Itmax, Ge-Shen, Globaltec, GFM, New Hoong Fatt and SBH Marine
KUALA LUMPUR: Recent news headlines were made by MAHB, Apollo, Magni-Tech, JAG, Epicon, Itmax, Ge-Shen, Globaltec, GFM, New Hoong Fatt and SBH Marine, according to a report compiled by Malacca Securities Research
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Markets
World shares cheer China data, as central banks line up
NEW YORK/LONDON: Global stocks rose on Monday while Treasury yields crept higher ahead of this week's raft of central bank meetings that could end subzero interest rates in Japan and set a blueprint for U.S. rate cuts this year.
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Markets
Vietnam investors show strong interest in dividends at shareholder meetings
HANOI: Investors are now eagerly seeking information on companies’ dividends during the annual shareholders’ meetings.
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Banking
Australia set to extend rate pause
SYDNEY: Australia’s central bank is widely expected to hold interest rates at a 12-year high today as the economy shows signs of slowing further while unemployment trends higher.
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Corporate News
Exxon chief goes on the offensive
HOUSTON: After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp, Darren Woods is on the offensive.
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Corporate News
Biden’s industrial policy is politics by another name
PRESIDENT Joe Biden signalled last week that his administration will oppose Nippon Steel’s proposed purchase of US Steel. As a matter of electoral politics, it’s easy enough to understand.
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Technology
It’s not impossible to ban EVs and solar panels
IN a world riven by great-power conflict, economic decoupling, high inflation, and worries that the interests of capital are being put ahead of workers, an obvious enemy can emerge: technology.
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Markets
Markets moving to tune of inflation, interest rates
SINGAPORE: Getting from 9% to 3% is easier than getting from 3% to 2%. And this reality is rattling markets as sticky inflation numbers keep investors guessing the central banks’ next move on interest rates.
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Economy
Abu Dhabi wants to be among global biggest financial centres
LONDON: Abu Dhabi officials are quietly orchestrating a fresh package of perks they hope will help propel the city up the ranks of the world’s biggest financial centres, from helping traders obtain coveted school admissions for their children to assisting them with securing memberships at country clubs.
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Commodities
MinRes to develop Goldfields lithium processing hub
MELBOURNE: Australia’s Mineral Resources (MinRes) says it intends to develop a lithium processing hub in the Goldfields region of Western Australia after its buyout of Poseidon Nickel’s Lake Johnston nickel concentrator plant and mining rights.
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Markets
Nascent growth appears for active ETFs
SINGAPORE: More active exchange-traded funds (ETFs) are in the pipeline for the Singapore Exchange (SGX) in the wake of increased investor demand.
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Economy
Traders look to consumer stocks for clues on where Fed is headed
NEW YORK: With the Federal Reserve (Fed) prepared to meet this week and reveal their thinking about the path for interest rates, traders are looking to a key corner of the stock market for clues: shares of companies that make the stuff Americans buy.
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Economy
Australia offers good market for shrimp from Vietnam
HANOI: Australia is considered a good potential market for Vietnamese shrimp as the market’s demand for processed shrimp is increasing, according to the Vietnam Association of Seafood Exporters and Producers (Vasep).
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Markets
Reddit IPO five times oversubscribed
NEW YORK: Reddit’s initial public offering (IPO) is currently between four and five times oversubscribed, people familiar with the matter say, making it more likely the social media platform will attain the US$6.5bil valuation it seeks.