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NEW YORK: Shares fell on Wednesday and the US dollar hit its strongest level in two months as data cast a pall on the economic outlook, reaffirming concerns that new restrictions to counter coronavirus infections will hurt the recovery.
Banks get a little help as foreign exchange trading gets tougher
NEW YORK: Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.
NEW YORK: The U.S. dollar continued to rise on Tuesday after hawkish remarks from a Federal Reserve speaker, while stocks ended higher with a boost from Amazon even as curbs to control the spread of COVID-19 raised the fear of a second wave of lockdowns.
KUALA LUMPUR: Malaysia's bond market achieved its fourth consecutive month of net foreign inflows in August at RM3bil, spurred by investors’ continued hunt for yields, RAM Rating Services said.
NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
NARENDRA Modi says, “Make in India.” Toyota Motor Corp says, stop treating cars as though they were drugs or alcohol.
by Xinhua writer Liu Yanan
KUALA LUMPUR: Pharmaceutical firm Duopharma Biotech Bhd, through wholly-owned subsidiary Duopharma HAPI Sdn Bhd, will soon manufacture its second oncology drug at its first-in-Malaysia highly potent active pharmaceutical ingredient (HAPI) Plant in Shah Alam to help address the paucity of affordable alternatives to treat cancer.