Jeweller Pandora sees annual US tariff impact of $178m

COPENHAGEN: Danish jeweller Pandora said on Thursday it estimates the total impact of U.S. tariffs on the company to be around 1.2 billion crowns ($178.34 million) per year,

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Fitch downgrades China’s rating to ‘A’, outlook stable

BEIJING: Global ratings agency Fitch downgraded China’s long-term foreign-currency issuer default rating from ‘A+’ to ‘A’ on Thursday, noting weakening finances and debt concerns. “The downgrade reflects our

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Stocks, dollar and oil sink as gold hits high on Trump tariffs

LONDON: Stock markets and the dollar tumbled Thursday after President Donald Trump’s latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession

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Malaysian SMEs urged to diversify, leverage ASEAN countries to navigate tariff challenges

KUALA LUMPUR: Malaysian small and medium enterprises (SMEs) must take steps to diversify both their sources of raw materials and their customer base, ensuring that supply chain risks

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Tuju Setia secures RM264m contract, order book hits RM2.1b

KUALA LUMPUR: Building construction company Tuju Setia Bhd has secured a RM264 million contract from MKH Bhd (MKH) to construct the Residensi Naluri, a high-rise apartment project in

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FMM: Semiconductors, pharmaceuticals exempted but most Malaysian exports to the US will face new tariffs

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has expressed dissatisfaction over the United States’ decision to impose a 24% reciprocal tariff on Malaysian exports, given Malaysia’s strong

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Auto ConneXion widens local footprint

KUALA LUMPUR: Sime Darby Auto ConneXion Ford (Auto ConneXion), the sole distributor of Ford vehicles in Malaysia, sustained its sales momentum in 2024, reflecting consumer confidence in the

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Gold slips after hitting all-time high on Trump tariffs

GOLD prices took a breather on Thursday after surging to yet another all-time high following U.S. President Donald Trump’s announcement of sweeping import tariffs, which drove investors to

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Markets reel as US tariffs stoke fear of ‘spiral of doom’ for growth

NEW YORK/SHANGHAI/LONDON: President Donald Trump’s new tariffs sent shockwaves through markets on Thursday, with the dollar and U.S. stocks among the hardest hit on fears a broadening trade

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MIDF Research: A 10% drop in shipments to the US could shave 1.3ppt off Malaysia’s exports

KUALA LUMPUR: Market analysts have raised concerns following US President Donald Trump’s announcement of expansive new global tariffs. MIDF Research warns that if the policy triggers a 10%

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