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Bursa Malaysia likely to trend higher next week

KUALA LUMPUR: Bursa Malaysia is likely to trend higher next week on the back of better sentiment brought by the strong performance of Wall Street, which had a spillover effect on its Asian counterparts. Affin Hwang Investment Bank Vice President/Head … Continue reading

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Wall St Weekahead: Hawkish Fed a potential speed bump for stock bulls

By Caroline Valetkevitch NEW YORK (Reuters) – Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since … Continue reading

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Trump deepens Goldman ties as he builds out economic team

WASHINGTON (AP) — In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed Hillary Clinton for receiving … Continue reading

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Fresh records for US stocks; European shares mostly up

New York (AFP) – Wall Street stocks surged to fresh records yet again Friday, with all three major indices jumping to new highs for the second straight session. Optimism about a new era of economic growth ushered in by the … Continue reading

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Wall Street rises with Treasury yields, euro slides

By Sinead Carew NEW YORK (Reuters) – U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank’s decision a day earlier to extend … Continue reading

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Trump to name Goldman executive Cohn to key economic post

By Steve Holland BATON ROUGE, La. (Reuters) – U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world’s largest economy, … Continue reading

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Trump expected to name a top Goldman exec to economic post

WASHINGTON (AP) — President-elect Donald Trump is expected to name Gary Cohn, the No. 2 executive at the powerhouse Wall Street firm Goldman Sachs, to a prominent White House economic post. That’s according to two people informed of the decision. … Continue reading

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Wall Street hits record high for third day in a row

By Yashaswini Swamynathan REUTERS – Wall Street’s major indexes hit record highs for the third day in a row on Friday as the post-election rally got a lift from healthcare and technology stocks. The “Trump rally” has been roaring ahead … Continue reading

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Trump offers Goldman executive Gary Cohn key economic post – NBC

WASHINGTON (Reuters) – U.S President-elect Donald Trump has asked Goldman Sachs executive Gary Cohn to head his White House National Economic Council, a group that coordinates economic policy across agencies, NBC News reported on Friday. Cohn, president and chief operating … Continue reading

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Trump offers Goldman executive Cohn key economic post: NBC

WASHINGTON (Reuters) – U.S President-elect Donald Trump has asked Goldman Sachs <GS.N> executive Gary Cohn to head his White House National Economic Council, a group that coordinates economic policy across agencies, NBC News reported on Friday. Cohn, president and chief … Continue reading

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