Chinese exports of rare-earth magnets plummet in May

BEIJING: Chinese exports of rare-earth magnets continued their downward slide in May, official data showed on Friday, reflecting restrictions imposed by Beijing during its trade war with the United States. China is the world’s leading producer of rare earths, used to make magnets essential to the automotive, electronics and defence industries. Since April, Beijing has…

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SC adds 59 entities to investor alert list in Q1

KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. “In 2024, we added…

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EU bars China firms from major medical equipment deals

BRUSSELS: The European Union (EU) yesterday banned Chinese firms from government medical device purchases worth more than €5 million (RM25 million) in retaliation for limits Beijing places on access to its own market. The latest salvo in trade tensions between the 27-nation bloc and China covers a wide range of healthcare supplies, from surgical masks…

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Derivatives trading boom in India

MUMBAI: Half a dozen global trading giants, from Citadel Securities and IMC Trading to Millennium and Optiver are ratcheting up their presence in India’s booming derivatives markets – fuelling a hiring spree and pushing exchanges to improve technology. The firms’ hiring plans, being reported for the first time, come amid expectations that large domestic consumer…

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Japan May inflation at two-year high

TOKYO: Japan’s core inflation hit a more than two-year high in May and exceeded the central bank’s 2% target for well over three years, keeping it under pressure to resume interest rate hikes despite economic headwinds from US tariffs. The data underscores the challenge the Bank of Japan (BOJ) faces in juggling pressure from sticky…

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BNM’s international reserves rise to US$119.9b

KUALA LUMPUR, June 20 (Bernama) — The international reserves of Bank Negara Malaysia (BNM) increased marginally to US$119.9 billion (US$1=RM4.24) as at June 13, 2025, from US$119.60 billion recorded as at May 30, 2025. In a statement today, the central bank said the reserves position is sufficient to finance 5.0 months of imports of goods…

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Meta tried to buy Ilya Sutskever’s $32 billion AI startup, but is now planning to hire its CEO

In this article META Follow your favorite stocksCREATE FREE ACCOUNT At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images When Meta CEO Mark Zuckerberg poached Scale AI founder…

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