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Malaysia Keeps Benchmark Rate on Hold as Currency Faces Pressure

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Malaysia’s central bank kept its benchmark interest rate unchanged for a third straight meeting to help bolster the currency as policymakers in emerging economies gird themselves for tighter U.S. monetary policy. Bank Negara Malaysia held its key rate at 3 percent, it said in a statement in Kuala Lumpur Thursday, as predicted by all 17 economists in a Bloomberg survey. ...

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Indian government wants Apple, but not all officials are biting

A salesperson waits for customers at an Apple reseller store in Mumbai, India, January 12, 2017. Picture taken January 12, 2017. REUTERS/Shailesh Andrade

Some Indian officials have baulked at Apple’s (AAPL.O) demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi’s campaign to lure foreign investors. The country is still keen for the U.S. tech giant to produce its signature smartphones there, and Information Technology Minister Ravi Shankar Prasad ...

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China says it can resolve trade disputes with new U.S. government

FILE PHOTO - A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool

China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticized China’s trade practices and threatened to impose punitive tariffs on Chinese ...

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Asian shares down, dollar firms on Yellen’s rate hike signal

U.S. Federal Reserve Board chair Janet Yellen testifies before a Congressional Joint Economic hearing on Capitol Hill in Washington, DC, U.S. November 17, 2016. REUTERS/Gary Cameron

Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank is poised to pursue a path of steady interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slumped 0.3 percent. Financial spreadbetters see modest opening gains for European bourses. On Wall Street overnight, stronger financial shares ...

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China posts worst export fall since 2009 as fears of U.S. trade war loom

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song/File Photo

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign ...

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Dollar loses altitude, Asia shares touch 11-week high

Pedestrians stand in front of an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, December 1, 2016. REUTERS/Kim Kyung-Hoon

The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump’s long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus. Yet neither did Trump mention possible tariffs against Chinese exports, a relief for Asian share markets that have feared the outbreak of a global trade war. It was enough to help MSCI’s ...

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China’s anti-Teslas: cheap models drive electric car boom

A Trumpchi GA5 hybrid electric car is displayed at an electric car dealership in Shanghai, China, January 11, 2017. REUTERS/Aly Song

More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla (TSLA.O) and Nissan (7203.T). The Chinese-branded electric vehicle (EV) market is propped up by huge government subsidies as part of Beijing’s policy to ...

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Samsung chief questioned by prosecutors in South Korea political scandal

Jay Y. Lee, center, vice chairman of Samsung Electronics, arrives to be questioned as a suspect in bribery case in the influence-peddling scandal that led to the president's impeachment at the office of the independent counsel in Seoul, South Korea, Thursday, Jan. 12, 2017. REUTERS/Ahn Young-joon

Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye’s impeachment. Park remains in office but has been stripped of her powers while the Constitutional Court decides whether to uphold the December impeachment and make her the first democratically elected leader ...

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Samsung leader named a suspect in South Korea political probe

Samsung Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in Seoul, South Korea, December 6, 2016. REUTERS/Kim Hong-Ji

A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in the widening influence-peddling scandal that led to a parliamentary vote to impeach President Park Geun-hye. Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed by Park’s friend, Choi Soon-sil, ...

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Asia shares recover losses, markets await Trump news conference

A man walks in front of a screen showing today's movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016.  REUTERS/Issei Kato

Asian shares rose to two-month highs on Wednesday as investors looked to President-elect Donald Trump’s news conference later in the day for clues on his policies on taxes, fiscal spending, international trade and currencies. While Trump’s election campaign calls for tax cuts and more infrastructure spending have boosted U.S. shares and the dollar, his protectionist statements and a flurry of ...

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