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US asks Iran to cease alleged shipments of drones to Russia

MOSCOW: The United States has called on Iran to halt alleged shipments of armed drones and spare parts for the unmanned aerial vehicles (UAVs) to Russia amid discussions on a “broader written understanding” between Washington and Tehran aimed at de-escalation and resolving nuclear issues, reported Sputnik. The Financial Times newspaper reported on Wednesday, citing sources, […]

Ringgit stays under pressure, US debt deadlock weighs demand

KUALA LUMPUR: The ringgit continued to remain under pressure as the outcome of the United States (US) debt ceiling talks remains highly uncertain despite inching closer to the early June deadline. At 9 am, the local note fell to a six-month low of 4.6280/6305 versus the US dollar compared with Thursday’s closing of 4.6245/6285. Bank […]

Ringgit opens lower vs greenback in early session

KUALA LUMPUR: The ringgit opened lower against the US dollar in the early session today as the greenback stayed firmer following the release of the United States (US) Producer Price Index (PPI). At 9 am, the local note fell to 4.4735/4790 versus the US dollar from Thursday’s closing rate of  4.4615/4665. ActivTrades trader, Dyogenes Rodrigues […]

Ringgit ends lower as US non-farm payrolls shocks Asian foreign exchange

KUALA LUMPUR: The ringgit ended lower against the US dollar today as the United States (US) non-farm payrolls data rattled the Asian foreign exchange, an analyst said. SPI Asset Management managing director Stephen Innes said US Treasury yields surged higher while global equities dropped after the US non-farm payroll data released last Friday – a […]

The Ancient Formula

The Power of Story Telling This is the continuing narrative after Part 1 of the article on the Power of Storytelling: The Ancient Formula. Story 2 — The Iran Deal: The story about leadership accountability and the quality of integrity in a leader In the early 1990s, Petronas embarked on an ambitious business expansion into […]

At least 46 people found dead in 18-wheeler in Texas

HOUSTON (Texas): Authorities in the city of San Antonio in the US state of Texas discovered a gruesome scene Monday after at least 46 people were found dead in a tractor-trailer near Lackland Air Force Base. The bodies were found in an 18-wheeler next to a set of railroad tracks in a secluded area in […]

6 killed in helicopter crash in West Virginia

MOSCOW: A private Bell UH-1B helicopter crashed in Logan County located in the US state of West Virginia, killing all six people on board, media reported today. The accident took place near the north-south Route 17 highway at around 5pm local time on Wednesday, Sputnik quoted the WOWK-TV broadcaster report, citing the Federal Aviation Administration (FAA). “The Logan […]

Moscow will never provide ‘unflattering assessments’ of foreign leaders

MOSCOW: Russia will never stoop down to giving ‘unflattering assessments’ of foreign leaders or insulting them in contrast to US President Joe Biden who let himself speak harshly about Russian President Vladimir Putin, Kremlin spokesman Dmitry Peskov told Sputnik. “We will never stoop down to giving any unflattering assessments of heads of other states or […]

US records 63,872 new virus cases in 24 hours

WASHINGTON: The United States on Sunday recorded 63,872 new coronavirus cases in the previous 24 hours, Johns Hopkins University reported in its real-time tally. That put the total number of cases in the US, the nation hardest hit by the global pandemic, at 3,762,081, the Baltimore-based university said at 8.30 pm local time. Another 514 […]

US heads into Independence Day besieged by virus

WASHINGTON: Another record number of coronavirus cases overshadowed the start of America’s Independence Day weekend Friday as the surge in infections prompted Britain to blacklist travellers from the US, intensifying its isolation. With beaches closed from coast to coast and officials urging Americans to stay home, the sombre mood heading into what is usually a […]