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At 9.17am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.17 points to 1,541.59 from yesterday's close of 1,540.42. — Picture by Choo Choy May

Bursa Malaysia turns positive in early trade after opening lower

At 9.00am, the local currency rose to 4.7850/7885 versus the US dollar from yesterday’s closing of 4.7910/7950. — Picture by Miera Zulyana

Ringgit extends gain to open higher against US dollar

The Fed has looked to constrain demand through tight monetary policy in a bid to bring inflation down to its long-term target of two per cent. ― Reuters pic

Fed: US economy growing at 'modest' pace in many regions

The Dow Jones Industrial Average fell 45.66 points, or 0.12 per cent, to 37,753.31, the S&P 500 lost 29.20 points, or 0.58 per cent, to 5,022.21 and the Nasdaq Composite lost 181.88 points, or 1.15 per cent, to 15,683.37. ― Reuters pic

US stocks decline as interest rate uncertainty, earnings weigh

Musk's payout ― worth as much as US$55.8 billion in 2018 ― was voided in January by a Delaware court, ruling on a complaint by an individual shareholder alleging that Musk had dictated his terms to the board, which was not sufficiently independent from its star CEO. — Reuters pic

Tesla asks shareholders to reapprove huge Musk pay deal

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Yeebo Passes Resolution at SGM on Disposal of 20.02% Equity Interest in Nantong Jianghai

The ringgit is currently hovering at 4.79 versus the US dollar.  — Picture by Miera Zulyana

Ringgit remains resilient despite strengthening US dollar

Analysts say one of two things needs to happen to end the downward spiral: the Federal Reserve needs to make deep rate cuts or the yuan needs to hit some form of a trough. Both seem distant.. ― Reuters pic

China’s cycle of dollar hoarding and weakening yuan gets vicious

Letta’s report is wide-ranging, but centres on the idea that geopolitical tensions and a rise of protectionism threaten Europe’s economic security and that scale is key in the push into new green and digital technologies. — Reuters pic

EU faces last chance to compete with rivals, says summit report author

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Gary Stanley, Former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce, Joins the First Phosphate Advisory Board

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Alliance to End Plastic Waste Solution Model Playbooks Document Comprehensive and Integrated Solutions to Enable Plastic Circularity

At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from yesterday’s closing of 4.7945/7970. ― Bernama pic

Ringgit stages technical rebound to snap three-day losing streak against US dollar

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VinFast Reports Unaudited First Quarter 2024 Financial Results

Maxis chief executive officer Goh Seow Eng said at the end of 2023, Maxis has more than 11,000 LTE sites in Malaysia covering 95 per cent of the population and connecting an additional 181,000 premises with its fibre infrastructure. — Bernama pic

Maxis enhances network and IT with RM813m investment in 2023, says CEO 

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Schneider Electric and NVIDIA Redefine AI Data Center Design for Performance and Efficiency

The investment bank said JS-SEZ could make it easier and more attractive for Singapore companies, multinational corporations (MNCs) and small and medium enterprises (SMEs) to invest in Johor while complementing and sharpening Singapore’s FDI competitiveness. — File picture by Firdaus Latif

Maybank IB : JS-SEZ can be a competitive edge in attracting FDI in the region