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LUXEMBOURG: ArcelorMittal SA reported its highest quarterly profit in a decade as steel prices soared amid a commodities boom that’s touched everything from copper to corn.
BEIJING: Electric vehicle maker Tesla Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources said.
THE dollar weakened by 0.27% to 90.61, marking the fourth consecutive week of decline.
KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst.
SYDNEY: Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising COVID-19 cases in the region weighed on sentiment, pushing oil prices lower.
THE release of the external trade statistics for March 2021 on Wednesday will be closely watched for signs of the country’s improving economy.
KUALA LUMPUR: Bursa Malaysia is expected to experience thin trading in this holiday-shortened week.
KUALA LUMPUR: Malaysian semiconductor counters picked up in early morning trade following the sector's positive performance on Wall Street last week amid growing optimism over a sustained rebound.
SINGAPORE: Asian shares rebounded from two-week lows on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
JAKARTA: Indonesia will temporarily remove a luxury tax on sales of some cars to bolster its automotive industry, which has been badly hit by mobility restrictions to contain the coronavirus epidemic, its economic ministry said.