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Ringgit continues downtrend, opens lower against US dollar

Ringgit continues downtrend, opens lower against US dollar

Kuala Lumpur – The ringgit continued its downtrend to open lower against the US dollar as the weaker global crude oil price dampened demand for the local note. At 9 am, the local note was traded at 4.4290/4330 against the greenback from Wednesday’s close of 4.4250/4300. A dealer said oil prices fell to an almost […]

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Nine US deaths linked to breast implant-associated cancer

Nine US deaths linked to breast implant-associated cancer

Washington – Nine women are believed to have died in the United States from a rare cancer linked to breast implants, US health officials said Tuesday, with more than 350 cases of the disease recorded nationwide. A possible association between breast implants and anaplastic large-cell lymphoma (ALCL) was first identified in 2011 but at the […]

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North Korean missile launch fails – US military

North Korean missile launch fails – US military

Seoul – A North Korean missile launch failed on Wednesday (Mar 22), with the rocket exploding within seconds, the US military said, the latest in a series of North Korean weapons tests to rattle its neighbours and raise tension in the region. South Korea said the apparent test launch of one missile by nuclear-capable North […]

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North Korea says it has no fear of US sanctions

North Korea says it has no fear of US sanctions

Geneva – North Korea has nothing to fear from any US move to broaden sanctions aimed at cutting it off from the global financial system and will pursue “acceleration” of its nuclear and missile programmes, a Pyongyang envoy told Reuters on Tuesday (Mar 21). This includes developing a “pre-emptive first strike capability” and an inter-continental […]

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Ringgit retreats in early trade

Ringgit retreats in early trade

Kuala Lumpur – The ringgit erased yesterday’s gains to open lower, in early trade, on mild selling pressure against the backdrop of more dovish-than-expected monetary policy from the US Federal Reserve, a dealer said. At 9 am, the local note was traded at 4.4290/4330 against the greenback from Tuesday’s close of 4.4230/4280. He said the […]

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Ringgit close higher against greenback

Ringgit close higher against greenback

Kuala Lumpur – The ringgit extended its gain to close higher against the US dollar today, as the greenback remained under pressure following a more dovish-than-expected monetary policy from the Federal Reserve. At 6pm, the local unit stood at 4.4230/4280 against the greenback compared with 4.4250/4280 on Monday. A dealer said the ringgit retreated from […]

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US to ban some airline passengers from carrying larger electronics

US to ban some airline passengers from carrying larger electronics

Washington – U.S. authorities are planning to ban passengers traveling on certain U.S.-bound foreign airline flights from carrying into the cabin larger electronic devices in response to an unspecified terrorism threat, U.S. officials told Reuters on Monday. The new rule is expected to be announced as early as Monday by the Department of Homeland Security, […]

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Ringgit continues uptrend against US dollar

Ringgit continues uptrend against US dollar

Kuala Lumpur – The ringgit opened higher against the US dollar again this morning as the greenback remained under pressure after a hawkish stance by the Federal Reserve on interest rate increases. At 9am, the local note was traded at 4.4230/4270 against the greenback from yesterday’s close of 4.4250/4280. Chicago Federal Reserve President, Charles Evans, […]

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China prepares to counter any US trade penalties

China prepares to counter any US trade penalties

Beijing – China’s government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations. The policy advisers believe the Trump administration is most likely to impose higher tariffs on targeted sectors […]

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Ringgit closes higher as US dollar remains under pressure

Ringgit closes higher as US dollar remains under pressure

Kuala Lumpur – The ringgit closed higher against the US dollar today as the greenback continued to remain under pressure following a less hawkish stance by the Federal Reserve on interest rate hikes. At 6 pm, the local unit stood at 4.4250/4280 against the greenback compared with 4.4340/4370 on last Friday. A dealer said the […]

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