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Moody’s Analytics, in its commentary note, said that the escalation of tensions in the Middle East over the weekend poses a significant threat to Apac economies, with the key risk coming from higher oil prices. — AFP pic

Moody’s: Escalating geopolitical tensions, high oil prices seen as a risk to Apec economies

Global smartphone shipments increased 7.8 per cent to 289.4 million units during January-March, with Samsung, at 20.8 per cent market share, clinching the top phonemaker spot from Apple. — Reuters pic

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, says IDC

In its latest weekly Fund Flow Report, the research house said conversely, local retailers remained as net sellers for the fifth consecutive week, with net sales amounting to RM57.1 million. — Picture by Choo Choy May

MIDF Research: Local institutions continue buying spree for seventh consecutive week

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HKSTP Companies Exhibit the Latest AI Technology Solutions at InnoEX 2024 and the Hong Kong Spring Electronics Fair (Spring Edition)

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Fortune Prime Global (FPG) has been honoured with the 2023 T.O.P 1 Forex Broker Award and the 2024 T.O.P 1 Trading Liquidity Award

On the broader market, decliners led gainers 563 to 120, while 251 counters were unchanged, 1,418 untraded, and 11 others suspended. — Picture by Zuraneeza Zulkifli

Bursa Malaysia opens lower on cautious sentiments

At 9am, the local currency eased to 4.7715/7780 versus the US dollar from Friday’s closing of 4.7680/7730. — Picture by Miera Zulyana

Ringgit opens easier vs US dollar amid middle east conflict

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HDBank to pay 25% dividend in cash, stocks and aim for high growth in 2024

Gold rose 0.7 per cent to US$2,359.92 an ounce, after having scaled a record of US$2,431.29 on Friday. The yellow metal has climbed some 14 per cent for the year thus far. — Reuters pic

Gold rises, oil choppy after Iran attacks Israel

The dollar made a 34-year high on the yen and five-month top on the euro on Friday and traded near those levels early in the Asia day, buying ¥153.24 and a euro for US$1.0646.  —  Reuters pic

US dollar stands tall as US rate-cut bets recede

Chinese electric vehicle maker Nio’s founder William Li said rapid EV growth in China resulted from an ‘open and competitive’ market where ‘all products are welcome regardless of their brands or origins’. — Reuters pic

China EV maker Nio urges openness in US speech amid tensions

Insurance companies worldwide are facing higher claims from natural catastrophes, industry sources say, which they attribute to the effects of climate change and to a rise in building in areas exposed to extreme weather.— Reuters pic

UK home, business property insurance payouts hit US$6b in 2023

Iran’s attack on Israel has injected fresh anxiety into oil markets already roiled by regional tensions, but analysts stress that it is unclear if a durable price spike is imminent. — Reuters pic

Analysts: Iran strikes to boost oil, but maybe not for long

Lufthansa said today it was suspending flights to Amman, Erbil and Tel Aviv until Tuesday and flights to Beirut and Tehran until the Thursday at least following the latest violence in the Middle East. — Reuters pic

Lufthansa suspends flights to Amman, Beirut, Erbil and Tel Aviv 

Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz said the recent report by the Asean+3 Macroeconomic Research Office on Malaysia’s growth underscores its potential to become a high-income nation by 2030, driven by significant foreign direct invest inflows. ― Bernama pic

Malaysia has potential to become a high-income nation by 2030, says Asean+3 Macroeconomic Research Office

Venezuelan President Nicolas Maduro enacted a law that considers the Essequibo region as a province of Venezuela. — AFP file pic

Venezuela voices outrage over new oil lease off Guyana