Recent Articles

TPP trade talks extended as negotiators struggle for a deal

TPP trade talks extended as negotiators struggle for a deal

ATLANTA: Negotiations on the ambitious Trans-Pacific Partnership were to go into overtime Friday (Oct 2) as top trade officials from 12 countries strained to craft a deal that would create the world’s largest free trade zone. The talks remained bogged down after two days of negotiations between ministers from the United States, Japan, Australia and […]

October 2, 2015 | By | Reply More
Russia Economic Report 34: Balancing economic adjustment and transformation

Russia Economic Report 34: Balancing economic adjustment and transformation

Moscow, Oct 2: The continued impact of the lower oil prices in a context of ongoing international sanctions will cause the Russian economy to contract by an estimated 3.8% in 2015, the World Bank said Wednesday, Sept 30, in its latest Russia Economic Report launched in Moscow. The recession is having a severe impact on households […]

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US job growth seen accelerating, leaving Fed closer to hike

US job growth seen accelerating, leaving Fed closer to hike

WASHINGTON: U.S. employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates at one of its two remaining meetings this year. The Labor Department’s monthly employment report, due on Friday at 8:30 a.m. EDT (1230 […]

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Asian stocks set to end week on high note, outlook wary

Asian stocks set to end week on high note, outlook wary

HONG KONG/TOKYO: Asian stocks edged up on Friday and looked likely to end the week with tiny gains, although the outlook remained grim as investors continued dumping emerging market assets as their growth expectations faded. The dollar crept higher. While Thursday’s private and official surveys of China’s factory sector weren’t quite as bad as some […]

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Wooing  US fund managers with unique prospects

Wooing US fund managers with unique prospects

NEW YORK: MALAYSIA’S top decision- makers yesterday presented the unique prospects of the country’s diversified economy to Global Tier 1 fund managers, who, together, represented assets under management of more than US$1.75 trillion (RM7.7 trillion). Prime Minister Datuk Seri Najib Razak led the high-level dialogue with institutional investors at Invest Malaysia New York, organised by […]

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Ringgit opens easier against US dollar

Ringgit opens easier against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today on lack of demand and ahead of the weekend. At 9am, the ringgit was traded at 4.4375/4425 against the greenback from 4.3990/4020 at 5 pm on Thursday. The ringgit also traded lower against a basket of other major currencies. It declined against the Singapore […]

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Ringgit at 4.43 against US dollar

Ringgit at 4.43 against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today on lack of demand and ahead of the weekend. At 9 am, the ringgit was traded at 4.4375/4425 against the greenback from 4.3990/4020 at 5 pm on Thursday. The ringgit also traded lower against a basket of other major currencies. It declined against the […]

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KL shares lower at opening

KL shares lower at opening

KUALA LUMPUR: Share prices on Bursa Malaysia were lower at today’s opening on less demand for local stocks, dealers said. At 9.35am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.5 points to 1,622.43, after opening 0.4 point better at 1,634.33. Market breadth was down, with decliners outpacing gainers 203 to 143, while 184 […]

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Pacific trade ministers vow to reach deal but extra time needed

Pacific trade ministers vow to reach deal but extra time needed

ATLANTA: Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal until Saturday in a bid to get a final agreement on the most ambitious trade pact in a generation. Officials extended talks originally scheduled to wrap up on Thursday in a determined effort to produce a breakthrough on the Trans-Pacific […]

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US pushes anti-tobacco compromise in Pacific trade deal

US pushes anti-tobacco compromise in Pacific trade deal

ATLANTA: Governments will be allowed to block tobacco companies from suing over anti-smoking measures under a US proposal being considered by Pacific trading partners as part of a free trade deal involving a dozen countries. The exemption proposed in Atlanta, Georgia, where ministers are trying to close the Trans-Pacific Partnership trade deal, would allow any […]

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