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Trump cancels planned Davos trip as shutdown drags on

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday cancelled a planned visit later this month to the World Economic Forum in Davos, Switzerland, signalling he was prepared for the political showdown over the partial federal government shutdown to stretch into late January.

Fed's Powell again stresses patience as U.S. economy's 'narrative' unfolds

WASHINGTON: Federal Reserve Chairman Jerome Powell on Thursday stressed again the U.S. central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy will slow this year, as some in financial markets worry, or continue motoring ahead as the Fed itself expects.

Malaysian palm oil price in sharpest fall in 2 weeks on bearish data

KUALA LUMPUR: Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports.

Oil price down amid concerns of economic slowdown(Update)

SINGAPORE: U.S. oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-U.S. trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.

World stocks rise for fifth straight day as the Fed supports

NEW YORK: An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.

Baton-wielding Bangladesh police fire tear gas to break up garment pay clashes

DHAKA (Reuters) - Baton-wielding Bangladeshi police fired tear gas to break up thousands of garment workers demonstrating for higher wages for a fifth day on Thursday, forcing dozens of factories to close.

After meeting May, Japan's Abe says world does not want no-deal Brexit

LONDON (Reuters) - Japan's Shinzo Abe said on Thursday that the world did not want to see a disorderly Brexit and that he fully supported British Prime Minister Theresa May's withdrawal deal from the European Union now facing defeat in parliament.

Anwar meets Indian PM Modi in New Delhi

NEW DELHI (Bernama): Datuk Seri Anwar Ibrahim called on Indian prime minister Narendra Modi on Thursday (Jan 10) and discussed ways to enhance cooperation on bilateral and regional issues.

Australian police charge man over hazardous parcels sent to diplomatic offices

SYDNEY (Reuters) - Australian police on Thursday charged a 49-year-old man for sending as many as 38 packages containing a hazardous material to diplomatic embassies and consulates across the country.

Bursa closes on firmer note, boost from Maxis, IHH

KUALA LUMPUR: Bursa Malaysia closed Thursday on a firm note with fund buying seen again in Maxis, IHH and Petronas Chemical while trading volume continued to increase and the ringgit extended its gains against the US dollar.