Ringgit may gain most in South-east Asia on exporter conversion

Ringgit may gain most in South-east Asia on exporter conversion

[HONG KONG] Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the nation’s outsized foreign-currency deposits. Such deposits in Malaysia, Thailand, the Philippines and Indonesia combined have jumped to US$62.2 billion as at March, close to a record…

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Consumer groups want airlines to pay for baggage fees ‘distress’

Consumer groups want airlines to pay for baggage fees ‘distress’

[PARIS] Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. The European Consumer Organisation, BEUC, which has overseen the initiative, accuses airlines of “misleading” passengers and creating “confusion” and “distress” at check-ins with their different policies. The action by the consumer groups…

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US to keep China chip curbs, spurning Nvidia’s call for relief

US to keep China chip curbs, spurning Nvidia’s call for relief

[WASHINGTON] The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White House official said, brushing off calls from Nvidia chief executive officer Jensen Huang to ease restrictions on chip exports to the world’s second-largest economy. “We obviously have huge respect for Jensen,” Sriram Krishnan, White…

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US: Stocks tumble as bond yields spike amid deficit worries

US: Stocks tumble as bond yields spike amid deficit worries

WALL Street stocks slid on Wednesday as US Treasury yields surged amid investor unease over President Donald Trump’s giant tax cut legislation moving through Congress. The yield on the 10-year US Treasury note approached 4.6 per cent as Trump seeks to unify Republicans in the House of Representatives to approve a sweeping bill that would slash taxes…

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Proof Taylor Swift and Travis Kelce Are in “Vacation Mode”

Proof Taylor Swift and Travis Kelce Are in “Vacation Mode”

Despite largely keeping out of the public eye following the Super Bowl, Travis and Taylor have made a few rare appearances over the past few months, most recently during a Mother’s day outing in Philadelphia with his mom Donna Kelce and sister-in-law Kylie Kelce. But amid their low-key few months, Travis has been keeping his…

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