Category: News

European and US stock markets recover

LONDON: European and US stock markets recovered slightly on Thursday (May 30), despite Beijing ratcheting up its rhetoric against Washington as the US-China trade war rattles on. The dollar rose against the euro, with the European single currency continuing to take a knock from increasing concerns ...
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US economy accelerates in Q1, but momentum slowing

WASHINGTON: US economic growth accelerated in the first quarter, but inflation pressures were much weaker than initially thought, supporting a recent decision by the Federal Reserve to suspend further rate increases. There are also signs that the export- and inventory-driven momentum faded early ...
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Wall St. pauses after trade tension-driven selloff

U.S. stock index futures edged higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5per cent off the value of major stock markets since the start of May.
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Greyhound for sale, owner First Group says

Rail and bus operator FirstGroup said on Thursday it was looking to sell its U.S. coach service Greyhound and is also looking at ways to separate its UK First Bus operations from the group.
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Mahathir says Malaysia will use Huawei 'as much as possible'

TOKYO: Malaysia will continue using Huawei products "as much as possible," bucking a global trend prompted by security concerns and a US ban on the Chinese firm, the country's prime minister said Thursday (May 30). Mahathir Mohamad, speaking at a conference in Tokyo, acknowledged the security ...
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