Musk urges Tesla staff to pinch pennies, buoy surging shares
(Dec 2): Tesla Inc. Chief Executive Officer Elon Musk warned in an internal email his company’s rallying shares could get “crushed” if investors start to…
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Netflix plans to double spending on original content in Asia
(Dec 2): Netflix Inc. is planning to double its spending on original content in Asia next year to help stay ahead in a crowded streaming…
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U.S. accuses China of seeking to undo North Korea sanctions
(Dec 2): A senior U.S. official accused China of violating United Nations sanctions against North Korea, actions that he said go against a global consensus…
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Singapore becomes first country to approve sales of lab-created meat
(Dec 2): Eat Just Inc., a maker of meat and egg substitutes, has been approved to sell its laboratory-created chicken in Singapore, which becomes the…
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Still no light at the end of the retail tunnel
KUALA LUMPUR (Dec 2): For the third quarter of 2020 (3Q20), the Malaysian retail industry recorded a poorer-than-expected growth rate of -9.7%, compared to the…
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KLCI down 0.48% as key index-linked stocks drag
KUALA LUMPUR (Dec 2): The main index of Bursa Malaysia was down 0.48% in the mid-morning today, dragged by key index-linked stocks, against a backdrop of…
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Top Glove dips 3.2% as govt investigates workers' housing
KUALA LUMPUR (Dec 2): Top Glove Corp Bhd fell as much as 22 sen or 3.24% to RM6.57 after the government said it had opened investigations into…
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RAM reaffirms AAA(s) ratings of RM38b Islamic bonds issued by Khazanah's funding conduits
KUALA LUMPUR (Dec 2): RAM Rating Services Bhd (RAM Ratings) has reaffirmed the AAA(s) ratings of RM38 billion worth of Islamic bonds issued by the…
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XE Market Analysis: Europe – Nov 30, 2020
The DXY dollar index edged out a 32-month low at 91.66, and is set to close out November with its second biggest monthly loss in almost two years. The decline has been concomitant with the vaccine-optimism rally in global asset markets, which catalysed a rotation in cyclical stocks and industrial commodities. The MSCI World Index […]
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XE Market Analysis: North America – Nov 30, 2020
The DXY dollar index clocked a 32-month low at 91.55, and is set to close out November with its second biggest monthly loss in almost two years. The decline has been concomitant with the vaccine-optimism rally in global asset markets, which catalysed a rotation in cyclical stocks and industrial commodities. The MSCI World Index is […]
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XE Market Analysis: Asia – Nov 30, 2020
After fading in early N.Y. trade on Monday, the Dollar rallied back. The DXY touched a 31-month low of 91.51 after the open, down from overnight highs of 91.75, before bouncing to 91.91 at mid-session. The safe-haven USD found support from a risk-off backdrop, while the earlier trend lows prompted some month-end Dollar short covering. […]
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