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NEW YORK/LONDON: Record-setting world stocks moved higher on Thursday after jobless claims data suggested the U.S. labor market was charging ahead even as new COVID-19 infections surge, while the risk of a upcoming sub-par U.S. payrolls report weighed on the dollar.
WASHINGTON (Reuters) - The United States and its allies may have left Afghanistan in the hands of the Taliban but they still have "leverage" to make the Islamist militants honor commitments to allow people out of the country, according to U.S. President Joe Biden.
NEW YORK/LONDON: A gauge of global equities posted its seventh consecutive month of gains and a record closing high on Tuesday, but stocks and the dollar mostly ended the day little changed after U.S. and Chinese economic data suggested slower growth ahead.
KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$111.06 billion (US$1=RM4.17) as at end-July 2021, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.
SLOW growth, in the wake of the Covid-19 pandemic, is a global phenomenon; what matters is how fast we can come out of it.
SYDNEY (Reuters) -British-based digital banking app Revolut is seeking a banking licence in Australia and is engaged in talks with the country's regulator to be allowed to take customer deposits, country head Matt Baxby said on Friday.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a net profit of RM218.6mil in the second quarter ended June 30 (2Q21) against RM274.74mil posted in the same period last year.
SINGAPORE: South-East Asia’s bond and currency traders can afford to be less worried about a potential stimulus tapering by the Federal Reserve (Fed), with their markets better positioned to withstand external shocks this time around.
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia will receive about US$240mil out of the International Monetary Fund’s (IMF) largest-ever distribution of Special Drawing Rights (SDR), equivalent to some $650bil, which came into effect on Aug 23.