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US launches probe after second deadly Navy collision

US launches probe after second deadly Navy collision

Singapore – The US Navy announced a fleet-wide global investigation on Monday after the latest in a series of accidents left another 10 sailors missing and five more injured. Chief of Naval Operations Admiral John Richardson ordered crews to prepare pauses in their operations to allow a “comprehensive review” of practices after the destroyer USS […]

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Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

Kuala Lumpur – The ringgit opened higher against the US dollar, in the early trading session today, prompted by firmer crude oil prices. At 9 am, the local unit was quoted at 4.2820/2870 to the US dollar from 4.2855/2885 on Monday. A dealer said falling US commercial crude inventories coupled with the continued tightening of […]

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10 missing, 5 injured in US ddestroyer’s collision with Merchant Vessel

10 missing, 5 injured in US ddestroyer’s collision with Merchant Vessel

Singapore – Ten sailors were missing and five others injured after the guided-missile destroyer USS John S. McCain collided with a merchant vessel in waters east of the Straits of Malacca and Singapore early on Monday, China’s Xinhua news agency reported the US navy as saying. According to the statement by US Navy’s 7th Fleet, […]

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Ringgit opens flat against US dollar

Ringgit opens flat against US dollar

Kuala Lumpur – The ringgit opened flat against the US dollar in early trading session amid stronger crude oil prices, coupled with the better-than-expected second quarter gross domestic product (GDP) data. At 9 am, the ringgit remained unchanged from Friday’s 4.2880/2910. A dealer said investors remained on the sidelines ahead of the two-day US Federal […]

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Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

The ringgit ended higher against the US dollar today on better-than-expected Malaysia’s gross domestic product (GDP) in the second quarter of 2017 (2Q17), which sparked positive sentiment in the market. At 6pm, the local unit was quoted at 4.2880/2910 against the greenback from yesterday’s 4.2940/2970. In a statement today, FXTM Vice President of Corporate Development […]

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Ringgit opens marginally lower against US dollar

Ringgit opens marginally lower against US dollar

Kuala Lumpur – The ringgit retreated from yesterday’s gains to open marginally lower versus the US dollar today on lack of interest for the local currency, a dealer said. At 9.05am, the local unit was quoted at 4.2950/2980 against the greenback from yesterday’s 4.2940/2970. However, losses were capped by increased uncertainty over another US interest […]

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Twitter shutters accounts of US white supremacy website

Twitter shutters accounts of US white supremacy website

San Francisco – Twitter Inc on Wednesday suspended accounts linked to the neo-Nazi website Daily Stormer, keeping up pressure from Silicon Valley on white supremacists after weekend violence in Charlottesville, Virginia. Twitter said it would not discuss individual accounts, but at least three accounts affiliated with the Daily Stormer led to pages saying “account suspended.” […]

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Ringgit rebounds to open higher against US dollar

Ringgit rebounds to open higher against US dollar

Kuala Lumpur – The ringgit rebounded after two days of losses to open higher against the US dollar this morning, in tandem with most emerging currencies, on renewed demand as the outlook for the greenback remained bearish, a dealer said. At 9.05am, the local unit was quoted at 4.2900/2930 against the greenback from yesterday’s 4.2970/2000. […]

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Ringgit ends slightly lower against US dollar

Ringgit ends slightly lower against US dollar

Kuala Lumpur – The ringgit closed slightly lower against the US dollar today in line with the decline in crude oil prices, a dealer said. At 6pm, it was quoted at 4.2940/2980 against the greenback from yesterday’s 4.2920/2950. The international benchmark Brent crude oil fell 0.37 per cent to US$50.54 per barrel while the West Texas […]

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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 this morning on subdued demand for the local note amid the stronger greenback as worries over North Korea faded, dealers said. At 9.30 am, the ringgit stood at 4.2930/2960 against the greenback compared with Monday’s close of 4.2920/2950. However, the ringgit performed better against […]

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