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KUALA LUMPUR: Blue chips closed weaker on Thursday as investors continued to be cautious, dragged by declines in IHH Healthcare, Maybank and Sime Plantation.
LONDON (Reuters) - By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses.
SINGAPORE: The dollar found broad support on Thursday after the U.S. Federal Reserve cut interest rates, as expected, but offered mixed signals about future easing, while weak employment figures hit the Australian currency.
HONG KONG: The Hong Kong Monetary Authority (HKMA) cut interest rates for the second time this year on Thursday and sought to lower borrowing costs for small businesses, as the economy took a knock from months of anti-government protests and fallout from U.S.-China trade tensions.
WASHINGTON: The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
PETALING JAYA: Expensive property prices continue to put a heavy burden on the lower income group, placing homeowners with high mortgages among the most vulnerable to potential financial shocks.
KUALA LUMPUR: A 42-year-old woman was duped of her life savings by a man she met online.
JAKARTA: AIA Group has invested in Indonesia’s Gojek as part of the ride-hailing and payments company’s Series F fundraising round, the insurer’s Indonesian unit said in a statement.
KUALA LUMPUR: A 42-year-old woman not only lost her savings but became a victim of a loan scam after she befriended a man online.
NEW YORK: Not all U.S. rate-cutting cycles are created equal, at least when it comes to how the stock market reacts.