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Oil prices up in Asia ahead of US crude inventories report

Oil prices up in Asia ahead of US crude inventories report

November 3, 2015 SINGAPORE: Oil prices rebounded in Asia Tuesday, buoyed by bargain hunting ahead of the release of US government data that will gauge crude demand in the world’s biggest economy. Analysts expect the data to be released Wednesday by the US Energy Department to show that commercial crude stockpiles rose in the week […]

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Indonesia budget carrier Lion Air plans China flights

Indonesia budget carrier Lion Air plans China flights

JAKARTA: Indonesian budget carrier Lion Air aims to start flights to China next year, targeting a fast-growing market where business could make up 5-7 percent of the airline’s revenue, senior executives said on Monday. The airline didn’t disclose a time-frame for its China revenue projection, but Lion Air, part of Jakarta-based Lion Group, is aiming […]

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Asia shares look to break losing streak

Asia shares look to break losing streak

SYDNEY: Asian share markets crept ahead on Tuesday after the benchmark for US tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.4 percent after losing ground for five straight sessions. Australian stocks bounced 1.2 […]

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Asia shares look to break losing streak

Asia shares look to break losing streak

SYDNEY: Asian share markets crept ahead on Tuesday after the benchmark for U.S tech stocks hit its highest in 15 years, while a holiday in Japan kept currencies tethered within recent tight ranges. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.4 percent after losing ground for five straight sessions. Australian stocks bounced 1.2 […]

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Ringgit at 4.28 against USD

Ringgit at 4.28 against USD

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning lifted by buying interest for the local unit, dealers said.’ At 9am, the ringgit was quoted at 4.2830/2910 against 4.2970/3070 at 5pm on Friday. The local note was traded mostly higher against other major currencies. It depreciated against the Singapore dollar to 3.0641/0716 […]

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KL shares rebound in early trade

KL shares rebound in early trade

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open broadly higher this morning, boosted by positive sentiment. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,667.24, up 3.17 points, after opening one point better at 1,665.07. A dealer said the overnight release of several better-than-expected factory data in Europe and […]

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KL shares rebound in early trade

KL shares rebound in early trade

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open broadly higher this morning, boosted by positive sentiment. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,667.24, up 3.17 points, after opening one point better at 1,665.07. A dealer said the overnight release of several better-than-expected factory data in Europe and […]

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Porsche, more Audi models pulled into VW emissions scandal

Porsche, more Audi models pulled into VW emissions scandal

WASHINGTON: Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles, US environmental regulators said on Monday, in a new blow to the automaker already reeling from similar allegations regarding millions of smaller diesel engines. The US Environmental Protection Agency said it is now looking at 3.0-liter V6 diesel engines used mostly in […]

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Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning lifted by buying interest for the local unit, dealers said. At 9am, the ringgit was quoted at 4.2830/2910 against 4.2970/3070 at 5pm on Friday. The local note was traded mostly higher against other major currencies. It depreciated against the Singapore dollar to 3.0641/0716 […]

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Exclusive: Dell eyes US$10 billion asset sales ahead of EMC merger – sources

Exclusive: Dell eyes US$10 billion asset sales ahead of EMC merger – sources

NEW YORK: Dell Inc is preparing to sell around US$10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp , according to people familiar with the matter. Dell, which will assume US$49.5 billion of debt once the merger with EMC is […]

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