Tue06192018

LAST_UPDATEMon, 18 Jun 2018 11pm

Uber To Suspend Service In Greece After New Legislation

Pic: ReutersATHENS: Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.

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China Says It Never Backs Down In The Face Of Threats After Trade Salvos With U.S.

Pic: ReutersBEIJING: China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in a series of editorials and columns in the hours after the world’s two top economies targeted each other with steep tariffs.

Read more: China Says It Never Backs Down In The Face Of Threats After Trade Salvos With U.S.

Number Of Ultra-Wealthy Malaysians Rises By 11 Pct To 310

For illustration purposes onlyKUALA LUMPUR: The number of ultra-wealthy Malaysians rose 11 per cent to 310 last year, up from 280 in 2016, among the country's population of 31.19 million, according to Knight Frank’s The Wealth Report 2018.

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U.S. Expects Talks With China As Trade Fight Escalates

WASHINGTON/BEIJING: The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it “takes two to tango.”

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China Imposes 25 Percent Tariffs On Key US Exports

China has retaliated quickly against proposed United States penalties on Chinese goods and announced 25 percent tariffs on critical American exports, including soya beans, aeroplanes and cars.

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Asia Shares Bounce From Two-Month Lows As U.S.-China Trade War Fears Ease

TOKYO: Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted.

Read more: Asia Shares Bounce From Two-Month Lows As U.S.-China Trade War Fears Ease

Oil Gains On Surprise Drawdown In U.S. Crude Inventories

TOKYO: Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles.

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Dollar Steady Vs. Yen After Stocks Recover From Trade Scare, U.S. Jobs Data Awaited

TOKYO: The dollar held steady against the yen on Thursday after recovering against the safe-haven Japanese currency as stocks bounced back from a sell-off triggered by an escalating U.S.-China trade spat.

Read more: Dollar Steady Vs. Yen After Stocks Recover From Trade Scare, U.S. Jobs Data Awaited

Beijing Responds With Tariffs Of Its Own

Trade tensions between China and the US have been ramped up after Beijing responded to US plans for putting new taxes on hundreds of Chinese imports.

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Report ATM Difficulties Promptly: Bank Negara

KUALA LUMPUR: Bank Negara Malaysia has advised members of the public who have any difficulties with their respective Automated Teller Machines (ATM) transactions to lodge complaints promptly with their respective issuing banks.

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