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NEW DELHI (Reuters) - The acting chairman and another member of a body that checks the quality of India's official data have resigned in protest at a delay in releasing jobs statistics as the economy comes under the spotlight before an election.
NEW YORK: Oil prices rose on Wednesday, as U.S. government data that showed signs of tightening supply and investors remained concerned about supply disruptions following U.S. sanctions on Venezuela's oil industry.
WASHINGTON: The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.
NEW YORK: The dollar slid and equities surged on Wednesday, fuelled by Boeing and Apple's results and extended after the Federal Reserve pledged to be patient with future interest rate hikes, a change in tone that stock investors interpreted as a buy signal.
LOS ANGELES: Chinese e-commerce giant Alibaba on Wednesday unveiled revenue of $17 billion in the last three months of 2018, with net profits of $4.5 billion, up 33% from the same period the year before.
Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a US$10bil (RM205bil) Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed Segi Astana Sdn Bhd’s RM415mil debt notes but revised the outlook to negative from stable.
TOKYO: After reporting its toughest quarter since 2001 on slowing smartphone sales, Apple Inc. is eyeing services like Apple Pay and music that come on its gadgets to help drive growth: The company aims to increase the number of subscriptions to half a billion by 2020, from 360 million now.
KUALA LUMPUR: RAM Ratings expects Malaysia’s export growth to remain lacklustre at 3.1% in December 2018 (November 2018: 1.6%) while export stimuli for Malaysia will remain limited through the next few months.