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Trump’s statement requesting US$100b in additional China tariffs

On Thursday evening, President Donald Trump requested tariffs on an additional $100 billion of Chinese goods, escalating a trade battle with China. Here is the full statement released by the White House: “Following a t...

Wealthy Malaysian investors shift money to safe-haven assets

PETALING JAYA: Wealthy Malaysian investors are shifting their money to safe-haven assets such as bonds and gold from property in light of a more cautious market and the upcoming general election. Knight Frank Malaysia m...

Bursa Malaysia sinks on escalating China-US trade war

KUALA LUMPUR: Asian share markets including Bursa Malaysia faltered on simmering fears of a trade war between the world’s two largest economies on Wednesday. The benchmark FBM KLCI fell as much as 39 points before settl...

Ringgit rises against US$ ahead of US jobs report

KUALA LUMPUR: The ringgit was slightly higher against the US dollar at opening today on the back of a recovery in demand for the local note. At 9 am, the local note was quoted at 3.8610/8640 compared with yesterday's 3....

PublicInvest maintains outperform on Hibiscus on completion of North Sabah deal

KUALA LUMPUR: PublicInvest Research has affirmed its outperform call on Hibiscus Petroleum Bhdimage: https://cdn.thestar.com.my/Themes/img/chart.png with an unchanged target price of RM1.08 as its subsidiary SEA Hibiscus...

Asia’s cryptocurrency arbitrage boom fizzles, but profits persist

SHANGHAI/SINGAPORE:  When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin "mules" and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from reg...

China imposes tariffs in response to US steel, aluminium duties

BEIJING: China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminium and steel, China...

Construction stocks could be back in favour, says CIMB Research

KUALA LUMPUR: CIMB Equities Research is retaining its overweight outlook on the construction sector with Gamuda, MRCB, YTL Corp and Muhibbah Engineering as its favourites. The research house said on Tuesday it believes ...

FT View: Donald Trump, man of steel

The FT's Rob Armstrong looks at how Donald Trump's trade tariffs could impact the global economy ► Subscribe to FT.com here:http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs ► R...

Amazon Stock Plunged on Report Trump ‘Obsessed’ With Company

Apr.02 -- Bloomberg's Gerrit De Vynck discusses Amazon profits after president Trump tweeted that the U.S. Postal Service will lose about $1.50 for each package it delivers for the company. He speaks with Bloomberg's Dav...

Malaysian manufacturing in first dip of eight months

KUALA LUMPUR, April 2 — Lower local and international demand led to the first reported contraction among Malaysian factories in eight months, according to Nikkei Malaysia. In its monthly Purchasing Managers Index (PMI...

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