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BLOOMBERG Malaysia Airlines Bhd will increasingly focus on the Indian market with the airline still not seeing China bounce back after its sudden reopening following years of Covid restrictions. “For now, our key emphasis is on the Indian network,†the carrier’s Chief Strategy Officer Bryan Foong told reporters in Kuala Lumpur. “For us, the emphasis of growth in India is ...
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April, 2023
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19 April
Biden aide speaks to Brazilian official after Lula scolds US
BLOOMBERG US National Security Advisor Jake Sullivan spoke to his Brazilian counterpart after that country’s president, Luiz Inácio Lula da Silva, accused America of “encouraging war†while on a visit to China. Sullivan and Celso Amorim “discussed a number of bilateral and global issues, including Russia’s war against Ukraine†and “continued cooperation to combat climate change and protect the environment,†...
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19 April
Kim Jong-un calls for spy satellite, citing US threat
BLOOMBERG North Korean leader Kim Jong-un ordered the launch of a military spy satellite, a move that could allow him to keep an eye on US allies as well as advance his state’s ability to deliver a nuclear warhead to the American mainland. Kim called for the launch of the state’s first military reconnaissance satellite within a planned timeframe, during ...
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19 April
Myanmar’s top court to hear Suu Kyi’s appeal against conviction
BLOOMBERG Myanmar’s Supreme Court has agreed to hear appeals by deposed leader Aung San Suu Kyi and former president Win Myint against their conviction on corruption and other charges, paving the way for a review of previous rulings. Suu Kyi, 77, had appealed against seven charges related to the purchase of a helicopter, election fraud and violating the colonial-era Official ...
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19 April
Morgan Stanley Q1 profits fall
BLOOMBERG Morgan Stanley’s investment bank and its giant wealth unit surpassed analysts’ expectations in the first quarter even as profits fell from a year earlier, dragged down by a dropoff in deal-making and a jump in loan-loss provisions. Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm’s ...
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19 April
Goldman Sachs hit by further departures in its Asia equities team
BLOOMBERGÂ Goldman Sachs Group Inc has been hit by additional departures in its Asia equities team, with key exits in Tokyo and Hong Kong to rival banks and hedge funds. Among those that left recently are managing directors Fredrik Grunberger in Hong Kong and Tomiyuki Oji and David Williams in Tokyo, according to people familiar with the matter. Oji is ...
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19 April
Hungary flags pivot to cutting EU’s highest interest rates
BLOOMBERG Hungary’s central bank unexpectedly signalled its first potential step towards cutting the European Union’s highest key interest rate, with policymakers pointing to an outlook of rapidly slowing inflation. The forint dropped against the euro. Deputy Governor Barnabas Virag caught investors by surprise after months of pushing back against government pressure to lower the 18% key interest rate to aid ...
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19 April
Bitcoin drops again on interest rate fears
BLOOMBERG Bitcoin dropped back below the closely watched $30,000 level amid a wider retreat in the cryptocurrencies, as stubbornly high inflation in the UK fanned fears of higher-for-longer interest rates. The largest token fell 4.5% before paring some of the slide to trade at about $29,175 in London. Ether shed 6% and smaller tokens like Solana and Avalanche suffered steeper declines. ...
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19 April
US equity futures decline as traders assess policy, earnings
BLOOMBERG US equity futures retreated along with European stocks and bond yields rose as traders assessed the latest corporate earnings reports against the backdrop of yet another hot inflation print from one of the world’s major economies. Contracts on the rates-sensitive Nasdaq 100 fell about 0.8%, while those on the S&P 500 were down 0.5%. Morgan Stanley gained in premarket ...
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19 April
Flavourful dishes curated from European rice for Ramadan
DUBAI / GULF TIME Rice has been much more than just a food source for thousands of years, with a rich history that spans back to 2500 BC. Across the Muslim world, rice has been a symbol of tradition and heritage, giving rise to a stunning array of diverse and delicious dishes, from the fragrant Nasi Goreng to the savoury ...
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