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Ringgit closes lower alongside regional currencies

KUALA LUMPUR: The ringgit ended the week easier against the greenback, alongside regional currencies, as the US producer price index (PPI) data came in higher than expected, pushing back expectations of an interest rate cut in the US in June. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said that the Korean won, which depreciated by 0.91%, led the regional decline, followed by the ringgit, the Philippine peso, and the […]

today15 March 2024

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McDonald’s hit by ordering system failure at Asian outlets

McDonald’s temporarily suspended operations due to ordering issues across stores, mobile devices, and kiosks following a system outage. (AFP pic) TOKYO: Hungry McDonald’s customers in parts of Asia had trouble ordering at stores, on cellphones and at electronic kiosks on Friday after a system outage. In Japan, the US fast food giant said on X, formerly Twitter, that it was “currently experiencing a system failure” and “temporarily suspending operation at […]

today15 March 2024

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Bitcoin retreats from record high as ‘bubble’ talk grows louder

Both Bitcoin and a benchmark index of the top 100 tokens, including Ether, BNB, and Solana, have increased by approximately 60% year-to-date. (Unsplash pic) HONG KONG: Bitcoin retreated from its latest record high amid an intensifying debate about whether the latest bull run in cryptocurrencies is evidence of speculative froth in global markets. The largest digital asset dropped about 3% to US$68,631 in early trading after setting an all-time peak […]

today15 March 2024

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Farhash emerges as substantial shareholder in HeiTech Padu

Former Perak PKR chief Farhash Wafa Salvador Rizal Mubarak is also the chairman and director of companies such as 7-Eleven Malaysia Holdings Bhd and Apex Equity Holdings Bhd. PETALING JAYA: Prime Minister Anwar Ibrahim’s former political secretary, Farhash Wafa Salvador Rizal Mubarak, has emerged as a substantial shareholder of Heitech Padu Bhd after acquiring an indirect interest of 15.9% (16.1 million shares) in the technology services provider. Former Perak PKR […]

today14 March 2024

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Higher sales boost BMW’s earnings in 2023

Deliveries of fully-electric cars accounted for around 15% of BMW’s total sales, as the shift towards lower-emissions vehicles gathers pace. (BMW pic) FRANKFURT: German luxury carmaker BMW said today that it had met its 2023 targets after pre-tax profits were boosted by improved sales, with electric vehicles “a key growth driver”. The group said it delivered more than 2.5 million cars last year, 6.4% more than a year ago. Group […]

today14 March 2024

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China says US TikTok vote follows ‘logic of a bandit’

TikTok’s alleged subservience to Beijing’s ruling Communist Party has fuelled concern in Western capitals. (Unsplash pic) BEIJING: China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, blasting Washington’s “bandit” mentality and vowing Beijing would “take all necessary measures” to protect the interests of its companies overseas. The short-video app has soared in popularity worldwide but its […]

today14 March 2024

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Black bankers lose UK race discrimination claim against Barclays

Two of the bankers succeeded with a claim that Barclays had failed to make reasonable adjustments for their disabilities. (File pic) LONDON: Three Black bankers, who sued Barclays for a combined £52.8 million (US$66.7 million) in London over allegations that included race discrimination, harassment, victimisation and whistleblower detriment, have largely lost their case. In a near 460-page judgment, the East London Employment Tribunal dismissed the bulk of claims brought by […]

today14 March 2024

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AK Nathan’s Eversendai surges 90% after bagging projects worth RM5.4bil

Eversendai founder AK Nathan said the company had undergone a very challenging period in the last few years. (Facebook pic) PETALING JAYA: Things are looking up again for Eversendai Corp Bhd, whose shares surged 90% after announcing today it had snapped up four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates (UAE) and India. At 3.47pm, its share price jumped 9.5 sen or 46.22% to 31 […]

today13 March 2024

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Everton bakal tukar pemilik

Liverpool: Everton bakal menjadi kelab Liga Perdana Inggeris (EPL) terbaharu jatuh ke tangan Amerika Syarikat (AS) selepas Farhad Moshiri mencapai persetujuan dengan firma pelaburan 777 Partners untuk mengambil alih 94 peratus pegangan sahamnya.

today15 September 2023