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KL shares close higher on selective play in heavyweights

KL shares close higher on selective play in heavyweights

Bursa Malaysia (Bloomberg pic) KUALA LUMPUR: Bursa Malaysia closed higher today, lifted by selective play in heavyweight counters, amid stronger regional markets. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 8.1 points to 1,736.84 against Monday’s close of 1,728.74. The index had opened 0.57 of a point weaker at 1,728.17 and moved between 1,727.34 […]

October 16, 2018 | By | Reply More
Ringgit ends marginally higher versus US dollar

Ringgit ends marginally higher versus US dollar

Malaysian ringgit notes against US dollar background KUALA LUMPUR: The ringgit ended marginally higher against the US dollar today, in line with the positive performance of the local equity market. At 6pm, the local unit edged up to 4.1515/1555 versus the greenback from 4.1540/1580 on Monday. A dealer said the improved market sentiment on the […]

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Audi to pay 800 million euro fine in Germany over diesel cheating

Audi to pay 800 million euro fine in Germany over diesel cheating

Audi’s chief, Rupert Stadler presents, the Quattro electric concept car. (AFP FRANKFURT: Volkswagen said Tuesday its subsidiary Audi had agreed to pay an 800-million-euro (US$927 million) fine issued by German prosecutors to close a diesel cheating investigation. “Audi AG has accepted the fine” investigators levied for “deviations from regulatory requirements in certain V6 and V8 […]

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More banking executives pull out of Saudi investment conference

More banking executives pull out of Saudi investment conference

Crown Prince Mohammad Bin Salman’s attempts to attract foreign investment to Saudi Arabia has hit trouble after President Trump threatened “severe punishment” over the disappearance of a prominent journalist (AFP pic) LONDON: The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, […]

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KL shares close higher on selective play in heavyweights

KL shares close higher on selective play in heavyweights

KUALA LUMPUR: Bursa Malaysia closed higher today, lifted by selective play in heavyweight counters, amid stronger regional markets. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 8.1 points to 1,736.84 against Monday’s close of 1,728.74. The index had opened 0.57 of a point weaker at 1,728.17 and moved between 1,727.34 and 1,736.84 throughout the […]

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China prices rise as cost of food spikes

China prices rise as cost of food spikes

Bad weather hit farmers in China, pushing up the price of their produce and contributing to rising inflation. (Photo: AFP pic) BEIJING: A spike in the price of fruit and vegetables pushed up China’s inflation rate in September, official figures showed Tuesday. For the fourth straight month, the consumer price index (CPI) — an important […]

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As Canada awaits, Uruguay’s legal cannabis project provides benchmark

As Canada awaits, Uruguay’s legal cannabis project provides benchmark

Uruguay legally produced 1,200-kilograms of marijuana between July 2017 and July 2018, 100 percent of which was sold to registered users. (AFP pic) MONTEVIDEO: As Canada prepares on Wednesday to become only the second country in the world to legalize the use of marijuana, experts in Uruguay say its pioneering move three years ago helped […]

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Japan refiner Idemitsu finalises deal to buy out Showa Shell

Japan refiner Idemitsu finalises deal to buy out Showa Shell

Royal Dutch Shell. (AFP pic) TOKYO: Japanese oil refiner Idemitsu Kosan on Tuesday finalised a deal to buy out Showa Shell Sekiyu through a share swap in a deal worth about $5.6 billion. Shares in the two companies, which had run up strongly ahead of the integration, initially fell sharply on details of the deal […]

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Dollar rises on firmer US yields; yuan struggles

Dollar rises on firmer US yields; yuan struggles

A monitor displays stock market information on the floor of the New York Stock Exchange . (Bloomberg pic) LONDON: The dollar edged higher on Tuesday as firmer US Treasury yields encouraged investors to buy the greenback after a recent drop with investors growing more bullish about its short-term outlook, especially against emerging market currencies. While […]

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Bursa Malaysia continues higher at mid-afternoon

Bursa Malaysia continues higher at mid-afternoon

Bursa Malaysia (Bernama pic) KUALA LUMPUR: Bursa Malaysia continued higher at mid-afternoon today lifted by gains in selected index-linked companies, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,730.29, up 1.5 points from 1,728.74 on Monday. The index opened 0.57 point weaker at 1,728.17. On the broader market, losers […]

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