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KUALA LUMPUR: Malaysia's exports in June rebounded with an 8.8% growth of RM82.9bil, a sharp contrast with a Bloomberg survey of a 10% decline, due to higher exports to China and also electrical and electronic (E&E) products and rubber products.
KUALA LUMPUR: The local stock market got off to a firm start on Tuesday, in line with key Asian markets on hopes US government stimulus efforts to prop up the economy.
HONG KONG: Credit Suisse Group AG invested nearly US$100mil in Ant Group during its last funding round, according to people familiar with the matter,
KUALA LUMPUR: Gloves helped lift the FBM KLCI into the positive zone on Monday despite some weakness in banks due to concerns about the impact of the s-x month moratorium.
KUALA LUMPUR: Malayan Banking Bhd issued 200 million yuan 2.9% fixed rate notes which will be due in 2025.
SPOT gold blasted past its longstanding record as the dollar plunged and concerns about the global economy boosted demand for havens. Silver rode on its coattails, jumping to the highest in nearly seven years.
SHANGHAI: Chinese shares edged up on Monday after falling sharply in the previous session, as data showed that China's economic recovery is continuing to build momentum, but gains were capped by rising US-China tensions.
HONG KONG: The yuan jumped the most in almost two weeks on Monday, capitalising on a battered U.S. dollar, but the advance was checked by US-China tensions which escalated with the abrupt closures of consulates last week.