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Tin prices jump to record highs on low stocks
(Sept 24): Tin prices hit record highs on Friday, driven by falling inventories in exchange warehouses, although looming U.S. rate hikes and concerns over debt-ridden China Evergrande kept a lid on further gains. The most-traded October tin contract on the Shanghai Futures Exchange jumped as much as 4.8% to a record 287,960 yuan ($44,576.54) a ton
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Educational institutions to resume operations based on PPN phase transition, says MOE
KUALA LUMPUR (Sept 24): Educational institutions under the Ministry of Education (MOE) in states that have moved to the next phase of the National Recovery Plan (PPN) will operate two weeks after the transition takes place. MOE, in a statement today, said this applies to states such as Johor, Pahang and Negeri Sembilan which moved to the next phas
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China’s southbound bond link opens amid Evergrande turmoil
(Sept 24): A new channel for Chinese investors to purchase debt overseas launched Friday, with HSBC Holdings Plc and Standard Chartered Plc among the major banks completing early trades.   The southbound link of the Bond Connect draws capital from the mainland to the southern city of Hong Kong to complete the loop with a northbound program started
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Some Evergrande offshore bondholders not paid by Thursday deadline U.S. time - sources
SINGAPORE/HONG KONG (Sept 24): Some of China Evergrande Group's offshore bondholders have not received interest payment by a Thursday deadline U.S. time, two people familiar with the matter said, as worries about the fate of the property developer mount.  A deadline for paying $83.5 million in bond interest ended on Thursday without remark from Ev
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1MDB casts shadow on ex-Swiss bank CEO’s money-laundering trial
(Sept 24): The former boss of a defunct Zurich private bank that was mired in the multibillion-dollar 1MDB scandal faces a trial next week accused of money laundering for a Gulf businessman convicted in the affair. Eduardo Leemann, who denies any wrongdoing, is set to appear at Switzerland’s Federal Criminal Court to answer charges that between 20
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Taper warning signs flash to markets from India Central Bank
(Sept 24): Traders are seeing hints that India’s central bank is seeking to drain record liquidity from the banking system, another sign that the global flood of pandemic-era easy money may begin to ease. The Reserve Bank of India is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, accordi
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Malaysia’s Covid-19 cases rose to 14,554 on Sept 24 — MoH 
KUALA LUMPUR (Sept 24): Malaysia’s Covid-19 cases rose to 14,554 from yesterday’s 13,754, according to Health director general Tan Sri Dr Noor Hisham Abdullah. Sarawak reported the highest number of new infections today at 2,825, followed by Selangor (2,244) and Johor (1,807). Other states that reported more than three digits of new cases are Sab
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Carlos Ghosn can’t wait to sell Renault shares after Nissan exit
(Sept 24): Carlos Ghosn wants to correct the record in his own memoir being re-released this week: He’s no longer a Nissan Motor Co. shareholder and is eager to exit Renault SA. The executive-turned-international fugitive has grown even more pessimistic about the automakers’ prospects in the 11 months since his book was first published in French.
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Japan approaching end of Covid-19 emergency in most areas — health minister
TOKYO (Sept 24): Japan's Covid-19 infection situation is improving such that emergency conditions could soon be lifted in most parts of the country, the health minister said on Friday. Hospitalisation rates and patient bed availability will factor into whether the state of emergency prevailing over Tokyo and much of the country can be lifted at th
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White House prods companies on chips information request
WASHINGTON (Sept 24): The White House pressed automakers, chip companies and others on Thursday to provide information on the ongoing semiconductor crisis that has forced cuts to U.S. auto production, and to take the lead in helping solve it. Secretary of Commerce Gina Raimondo, who along with Brian Deese, director of the National Economic Council
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Oyo said to seek at least US$1.2b in IPO after comeback
(Sept 24): Oyo Hotels & Homes Pvt, a once high-flying Indian startup that ran into troubles during the pandemic, plans to file preliminary documents to go public as soon as next week and will seek at least $1.2 billion, according to people familiar with the matter. The initial public offering will consist mainly of primary shares, or those sold by
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Apple iPhone 13 tests whether deals, cameras will spur upgrades
(Sept 24): Apple Inc. is releasing its iPhone 13 lineup on Friday, testing whether new camera technology and aggressive carrier deals will get shoppers to snap up a modest update of last year’s model. After the company began to take orders for the device on Sept. 17, the new products -- the iPhone 13, 13 mini, 13 Pro and 13 Pro Max -- are now reac
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Asian stock markets wobble as China Evergrande woes sap confidence
HONG KONG (Sept 24): Asian shares were on edge on Friday, hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as increased risk appetite drove US stocks and Treasury yields higher. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed after falling 0.7% this week, poised for its third weekly
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Beijing expands footprint in Hong Kong with new departments
(Sept 24): China’s cabinet-level office overseeing Hong Kong has expanded by creating two departments to oversee propaganda and security affairs, local media reported, signaling Beijing’s growing footprint in the financial hub.  The Hong Kong and Macau Affairs Office’s new propaganda department will focus on communicating news, while managing jour
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Beijing denies Chinese hackers targeted Indian agency, media group
(Sept 24): China’s Foreign Ministry called a report by a U.S. cybersecurity company “entirely made up,” denying claims that Chinese hackers had targeted an Indian government agency and a media conglomerate.  Recorded Future Inc. said Chinese state-sponsored hackers are believed to have infiltrated and likely stolen data from an Indian government a
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CDC panel backs Pfizer booster dose for people ages 65 and older
(Sept 24): The Centers for Disease Control and Prevention adopted the use of booster shots in the US for people at high risk of contracting or falling seriously ill from Covid-19, overruling a narrower recommendation from the agency’s advisers and clearing the way for a widespread vaccination campaign.  Millions of Americans who were immunized wit
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China jails former Moutai chairman for life for taking bribes
(Sept 24): China sentenced the former chairman of liquor giant Kweichow Moutai Co. to life in prison for taking bribes of 112.9 million yuan ($17.5 million).  Yuan Renguo, who was arrested in 2019, was found guilty of taking the bribes between 1994 and 2018, according to a statement late Thursday from a court in the southwest province of Guizhou,
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运输及食品价格上涨 大马8月通胀率按年升2%
(吉隆坡24日讯)大马统计局指出,大马8月消费者物价指数(CPI)按年上升2%,主要是2020年基数效应以及运输和食品与非酒精饮料组上涨。 大马统计局局长Datuk Seri Dr Mohd Uzir Mahidin今日在文告中表示,自3月以来,运输组持续录得双位数增长,8月则按年上涨11%。 “今年8月,食品与非酒精饮料组上扬1.2%,7月则按年增长1.3%。”
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ECB's Lagarde says many causes of inflation spike temporary: CNBC
FRANKFURT (Sept 24): Many of the drivers of the recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said in an interview aired on CNBC on Friday. "We think that there will be a return to much more stability in the year to come because many of the causes of higher pri
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Chinese gaming firms vow self-regulation amid crackdown on teen addiction
BEIJING (Sept 24): Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday. The statement, published by the CGIGC gaming association, which is affiliated to the online game publ
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