Author: Admins
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Malaysia PM vows crusade against corruption
Malaysia’s prime minister Anwar Ibrahim during a news conference in New Delhi, India, on Tuesday, Aug. 20, 2024. Bloomberg | Bloomberg | Getty Images Eradicating corruption in Malaysia continues to be a difficult hurdle Prime Minister Anwar Ibrahim needs to overcome if he wants to attract more foreign direct investments into the country. As Anwar…
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DirecTV clinches long-elusive deal to combine with Dish
DirecTV on Monday agreed to buy EchoStar‘s satellite television business that includes Dish TV, capping decades of on-and-off talks to create one of the nation’s largest pay-TV distributors with a combined 20 million subscribers. The transaction comes at a time when satellite TV services DirecTV and Dish are hemorrhaging market share to competitors like Netflix…
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Murdoch’s REA Group ends chase for UK’s Rightmove
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023. Victoria Jones | Pa Images | Getty Images LONDON — Rupert Murdoch’s Australian property firm REA Group said Monday it would no longer seek to buy the U.K.’s Rightmove after the property portal rejected a fourth…
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Truckers, rails scrambling to move billions in cargo
Containers are lined up on the ground at the Port Newark Container Terminal in front of the skyline of New York City on December 2, 2023, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast…
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5 things to know before the stock market opens Monday, September 30
Here are five key things investors need to know to start the trading day: 1. Closing time Stocks are headed for their final trading session of the month on Monday. So far for September, the S&P 500 is up nearly 1.6%, the Dow Jones Industrial Average has gained 1.8% and the Nasdaq Composite has advanced…
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Are immigrants taking jobs from U.S. workers? Here’s what economists say
The first debate between Vice President Kamala Harris and former President Donald Trump is shown on television at the Juventud 2000 migrant shelter in Tijuana, Mexico, on Sept. 10, 2024. Immigration has been a hot topic throughout the presidential campaign. Carlos Moreno/NurPhoto via Getty Images The idea that immigration has a negative impact on the…
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All the market-moving Wall Street chatter from Monday
(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A banking giant and a consulting company were among the stocks being talked about by analysts on Monday. Morgan Stanley downgraded JPMorgan Chase to equal weight from overweight. Meanwhile, TD Cowen…
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Reeves struggles to escape from self-imposed restraints
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK has a failing state. This is the argument of Sam Freedman’s excellent book, Failed State. Yet I am even more worried about its failing politics. Since politicians refuse to debate reality in general…
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UK house prices rise at fastest pace in two years
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices rose at their fastest annual pace for two years in September, as falling mortgage rates boost the property market. The average property price rose by an annual rate of 3.2 per…
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Stellantis and Aston Martin shares fall sharply on profit warnings
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Stellantis and Aston Martin fell sharply on Monday after they became the latest European carmakers to issue profit warnings as the industry is hammered by competition from cheaper Chinese rivals. Stellantis fell 13…