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KLCI extends losing streak as IHH, Maybank slip
KUALA LUMPUR: Blue chips closed weaker on Thursday as investors continued to be cautious, dragged by declines in IHH Healthcare, Maybank and Sime Plantation.
Fire and hail push insurers to rethink climate change risks
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.
Fed's cautious cut supports dollar, Aussie whipped by jobs data
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 central bank follows Fed cut, hopes for calm amid protests
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.
Fed cuts interest rates, signals holding pattern for now
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.
Household debt remains an issue in Malaysia
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.
Duped twice over ‘Austin’
KUALA LUMPUR: A 42-year-old woman was duped of her life savings by a man she met online.
AIA Group invests in ride-hailing startup Gojek
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.
Woman loses RM17,380 in double scam
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.
Cut and run: How US stocks react in Fed easing cycles
NEW YORK: Not all U.S. rate-cutting cycles are created equal, at least when it comes to how the stock market reacts.