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LONDON: Stocks edged higher on Monday after a survey showed German business morale rebounded in May, boosting optimism around economic re-openings, although caution prompted the dollar to snap a rare losing streak
TOKYO: The dollar edged higher against most Asian units on Monday as worries about a standoff between the United States and China over civil liberties in Hong Kong fuelled demand for safe-haven currencies.
NEW YORK/LONDON: Global equity markets fell on Friday as China's move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
THE value of Malaysian gold jewellery export is likely to plunge by 70% to 80% this year from US$6.3bil in 2019 due to the outbreak of Covid-19.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which saw its net profit slump by 68% to RM4.5bil in the first quarter ended March 31, 2020, sees a very challenging year.
PETALING JAYA: Sunway Property has snapped up RM200mil worth of its properties within less than a month of kicking off its digital campaign, “Always With You.”
KUALA LUMPUR: The ringgit retreated from yesterday’s gains to trade slightly lower against the US dollar in the early session today, as heightened tension between the United States and China prompted investors to return to safe-haven currencies, dealers said.
WASHINGTON: Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.
NEW YORK: Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.