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April 21, 2018 12:59 PM No additional charge for biodegradable plastic: DBKL

KUALA LUMPUR: Traders and hawkers in the federal capital caught imposing an additional charge on their customers for biodegradable plastic bags will be issued a compound of up to RM2,000, according to Kuala Lumpur City Hall (DBKL) planning executive director Datuk Mohd Najib Mohd. He said DBKL had made it compulsory for all business premises to only use biodegradable 6

April 6, 2018 1:57 PM US stocks open lower on US-China trade spat, Dow -0.9pc

Traders and financial professionals work ahead of the opening bell on the floor of the New York Stock Exchange (NYSE), April 5, 2018 in New York City. — AFP picNEW YORK, April 6 — Wall Street stocks dropped early today as the latest barbs between the US and China worsened trade war fears and US jobs growth disappointed in March. Shortly after the opening 10

April 4, 2018 2:02 AM Ringgit edges up against US dollar at opening

A return of buying support gives the ringgit a positive opening against the US dollar. — File picKUALA LUMPUR, April 4 — The ringgit was slightly higher against the US dollar at opening today on the back of a recovery in demand for the local note. At 9am, the local note was quoted at 3.8610/8640 compared with yesterday's 3.8640/8680. However, the currency 12

April 3, 2018 2:07 AM Oil inches up, but rising Russian output still weighs

US WTI crude futures were at US$63.2 (RM244.55) a barrel at 0117 GMT (9.17pm ET), up 18 cents, or 0.3 per cent, from their previous settlement. — Reuters picBEIJING, April 3 ― Oil prices inched up today as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in US production. US WTI crude 13

March 31, 2018 12:10 AM WSJ: NYSE in talks to acquire Chicago Stock Exchange

Traders work on the floor of the New York Stock Exchange in New York March 26, 2018. — Reuters picNEW YORK, March 31 — Intercontinental Exchange Inc’s New York Stock Exchange (NYSE) is in talks to buy the Chicago Stock Exchange (CHX), the Wall Street Journal (WSJ) reported yesterday, a month-and-a-half after US regulators blocked the sale of CHX to China-based 14

March 30, 2018 5:13 AM Global IPO proceeds hit four-year high in first quarter

Traders in front of the DAX board at the Frankfurt stock exchange August 28, 2014. Two of the three largest initial public offerings globally are coming from Germany. — Reuters picLONDON, March 30 — Global proceeds from initial public offerings (IPO) rose to US$39 billion (RM150.5 billion) in the first quarter of 2018, the highest since 2014, as companies 18

March 28, 2018 2:24 AM Hong Kong stocks kick day off with losses

Floor traders monitor share prices during morning trading at the Hong Kong Stock Exchange in Hong Kong February 7, 2014. — Reuters picHONG KONG, March 28 — Hong Kong stocks sank in the first few minutes of trade this morning following two days of gains and after a plunge on Wall Street, where technology firms were the big losers. The Hang Seng Index 6

March 22, 2018 4:07 PM Malaysian, British boyfriend nabbed for cheating online luxury goods traders

The 27-year-old woman and the 32-year-old man were picked up by a team of policemen at about 10.30pm at a luxury hotel here last Friday. — IStock.com pic via AFPKUALA LUMPUR, March 22 — The police have detained a Malaysian woman and her British boyfriend for allegedly cheating scores of online luxury goods traders in the capital by using fake bank receipts 10

March 22, 2018 1:29 AM Hong Kong raises base rate after Fed increase

A security guard walks past a directory board of Hong Kong Monetary Authority (HKMA) in Hong Kong December 20, 2012. — Reuters picHONG KONG, March 22 — Hong Kong’s de facto central bank followed the Federal Reserve’s lead and raised its base rate today. In accordance with rules underlying the city’s currency peg to the US dollar, the Hong Kong Monetary 9

March 21, 2018 11:04 AM PM: GST not to be blamed for high living cost

Najib said that unscrupulous traders have been trying to take advantage of the broad-based consumption tax to increase prices. ― Picture by Mukhriz HazimKOTA KINABALU, March 21 ― Malaysians should not be feeling the pinch by now from the Goods and Services Tax (GST) as it was implemented almost three years ago, Prime Minister Datuk Seri Najib Razak said today 5