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Beijing has kept interest rates low compared to other major economies, but the near-zero inflation highlights challenges faced by policymakers as they try to stimulate the economy. — Reuters pic

China inflation stays low as growth sputters 

According to the Department of Statistics, the manufacturing sector sales value declined by two per cent year-on-year (y-o-y) to RM145 billion in April 2023, the lowest since May 2020. ― Picture by Sayuti Zainudin

Stats Dept: Manufacturing sales value declined to RM145b in April

For a year, Reserve Bank of Australia Governor Philip Lowe has been talking of successfully navigating a narrow path to lower inflation while keeping unemployment near 50-year lows. ― Reuters pic

Australia recession risk heightens after RBA warns of bumpy path to low inflation

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HKUST professor and VC of $12 billion startups, appointed as visiting distinguished professor at KAUST

In April 2023, the average prices were RM10.45 per kilogramme for chicken, 47 sen per egg for Grade A, 45 sen/egg (Grade B), and 44 sen/egg (Grade C). — Picture by Hari Anggara

MIDF positive on consumer sector on end of chicken, egg price control

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RAM Ratings maintains stable outlook on insurance, takaful sector

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ROSEN, A TOP RANKED LAW FIRM, Encourages Beyond Meat, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BYND

At 9am, the local note rose to 4.6030/6100 versus the greenback compared with yesterday’s closing of 4.6185/6235. — Picture by Devan Manuel

Ringgit rebounds to open higher against US dollar

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.09 points to 1,377.73 from 1,374.64 at yesterday’s close. ― Bernama pic

Bursa Malaysia rebounds on stronger Wall Street at opening

The debt swap comes at a time of increasingly strained public finances, made worse by triple-digit inflation, a steadily weakening local currency, plus most recently a severe drought that slashed critical farm export income by some US$20 billion. — Reuters pic

Argentina scores record debt swap cutting US$30b owed near-term

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GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Bancor v3 Liquidity Providers to Secure Counsel Before Important Deadline in Securities Class Action Against BProtocol Foundation, Bancor DAO, Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yehuda Levy

President Tayyip Erdogan today appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkiye’s central bank. — Reuters file pic

Erdogan names Erkan to head Turkiye central bank, policy pivot expected

Initial claims for state unemployment benefits jumped 28,000 to a seasonally adjusted 261,000 for the week ended June 3, the highest level since October 2021. — Reuters pic

US weekly jobless claims race to 18-month high, economists urge caution

Rows of houses lie in front of the City of London skyline in London, Britain, March 19, 2023. — Reuters pic

UK house prices set to slide 10pc, Moody’s warns

IMF spokesperson Julie Kozack told reporters that IMF staff concluded an Article 4 consultation with Lebanese authorities on June 1, and concluded that reforms were urgently needed to arrest the “severe and deepening crisis” facing the economy. ― Reuters file pic

IMF says Lebanon needs urgent economic reforms to stop deepening crisis

India has asked the United States for an exemption from US steel and aluminium tariffs, in exchange for removing some tariffs on US agricultural goods. — Reuters pic

Sources: India unlikely to get US exemption on steel, aluminium tariffs