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Finance & Markets

U.S. inflation rises, keeping pressure on Fed

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose sharply in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years.

U.S. inflation rises, keeping pressure on Fed

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Batu Kawan clears 95pct in MKH takeover

KUALA LUMPUR: Batu Kawan Bhd’s unconditional mandatory takeover of MKH Bhd has crossed the 95 per cent threshold, paving the way for the property developer to be delisted from Bursa Malaysia.

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