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Asian tech shares extended their recent rally, with TSMC hitting a record high, on track for its best annual stock performance in 25 years. (AP pic) HONG KONG: Emerging-market stocks gained for a second day, making a final push for the year on the back of an Asian tech rally and signs that China is […]
Traders now see just one quarter-point rate reduction by mid-2025, and see less than two cuts in total by the end of the year. (EPA Images pic) NEW YORK: US stocks ended little changed on Thursday, as an early rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest […]
The top three sectors with net selling by foreign investors were financial services, utilities, and transportation and logistics. (AP pic) KUALA LUMPUR: Foreign investors continued to sell on Bursa Malaysia for the seventh consecutive week with outflows totalling RM761.4 million, leading to the second-highest single-week outflow in the last five weeks. “Every trading day experienced […]
China imported 63% more of the super-chilled fuel from the US in the first 10 months of the year compared to the same period in 2023. (EPA Images pic) BEIJING: The US has boosted sales of liquefied natural gas (LNG) to China this year, although the surge may not last if the incoming Trump administration […]
Nissan has reported a 93% plunge in net profit in the first half due to weak sales in the North American market. (Reuters pic) TOKYO: Japanese automaker Nissan announced 9,000 job cuts today as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”. The company reported a […]
The dollar index=USD – which measures the currency against six major peers – advanced 1.7% to 105.16, a four-month peak. (Freepik pic) LONDON: The dollar was set for its biggest one-day rise since March 2020 against major peers today and bitcoin jumped to an all-time high after Donald Trump was re-elected president, with the Republicans […]