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SINGAPORE: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
KUALA LUMPUR: The ringgit weakened against the surging US dollar in late morning trade on Monday to 4.0015, which was the lowest since January this year.
KUALA LUMPUR: The ringgit reversed last week's upward momentum to open lower against the US dollar early Monday on the back of a stronger dollar, a dealer said.
TOKYO: Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.
KUALA LUMPUR: Bursa Malaysia started Monday on a weak note as fund selling sent the FBM KLCI down more than 20 points as fears of the US-China trade war cast a pall of gloom over Asian markets.
SINGAPORE: Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies.
TOKYO: The dollar edged up towards a seven-month high against a basket of its peers on Monday after the market digested a flurry of news, although U.S.-China trade tensions slowed its gains.
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd, Kretam Holdings Bhd, Yinson Holdings Bhd and Datasonic Group Bhd are among the stocks to watch, according to JF Apex Research.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 18.
Corporate earnings expanded 25% in the first quarter, a new high and a possible peak for growth