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Ringgit slips further against US$

KUALA LUMPUR: The ringgit continued its downtrend against the US dollar for the second consecutive day of the week Tuesday as traders were focused, awaiting the announcement of a new US Federal Reserves chair, to replace...

Oil price falls more than 2% on signs of higher output

NEW YORK: Oil price fell more than US$1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years. Iraq announ...

Johor Sultan second largest shareholder in Berjaya Times Square owner

KUALA LUMPUR: Johor ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar, who in August emerged as the second largest shareholder in 7-Eleven Malaysia Holdings Bhd , has become the second biggest individual shareholder in ...

Islamic finance must expand into fintech, says Sultan Nazrin

KUALA LUMPUR, Oct 3 — Islamic finance should venture into financial technology (fintech) in tandem with the global financing requirements, said the Sultan of Perak, Sultan Nazrin Shah. This would be in line with the F...

UAE introduces “sin tax” on harmful products

UAE citizens will now have to spend more on certain products. Tobacco and energy drinks will be taxed at 100%, and soft drinks will be taxed at 50%. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytli...

The world’s most valuable resource is no longer oil, but data

A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being...

Banks loan growth picked up slightly in August, CIMB Research keeps Neutral call

KUALA LUMPUR: The banking industry’s loan growth picked up slightly from 5.6% year-on-year at end-July 2017 to 5.8% year-on-year at end-August 2017, says CIMB Equities Research. The research house said on Monday the imp...

Asian shares were in for a better day(Update)

SYDNEY: The euro took a brief knock in Asia on Monday as investors kept an anxious eye on an independence vote in Spain's Catalonia, although surprisingly strong economic news out of China and Japan offered support to eq...

Ten rules for a smart credit card user

A CREDIT credit card is like a knife or a baseball bat: it is not per definition good or bad, safe or dangerous. How you use it matters, a lot. Maxing out on credit cards to fund your start-up, as retail therapy or to m...

U.S. directly communicating with N. Korea through multiple channels: U.S. Secretary of State

틸러슨 미국무부장관 "북한과 2-3개 대화채널 있어... 대화의사 타진" Now moving on to the day's news... Recent tension between the U.S. and North Korea has meant actual sit-down talks does not look like it will be coming any time soon on the horizo...

The oil market’s rebalancing act – Counting the Cost

The global oil market has been in a slump for the past three years, but could it be turning a corner? Crude prices are now up 20 percent from June lows, which means the industry is officially back in a bull market for th...

SK Hynix invests $3.6 bil. in Toshiba chip acquisition deal

SK하이닉스, 도시바메모리 인수…10년간 보유지분 15%로 제한 The deal is done. Japanese conglomerate Toshiba is selling its memory chip business to a global consortium in a multi-billion dollar deal. Korea's second-largest chipmaker, SK Hynix,.....

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