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Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecastand warning of ongoing high inflation risks in the medium term.
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China's steel exports will soon hit an eight-year high, before sweeping tariffs sink in and drag down the industry in 2025, industry watchers said.
Apple rejoined the ranks of the top five smartphone vendors in the China in the third quarter, helped by the launch of the iPhone 16, data released on Friday showed — but its growth was still outpaced by domestic rival Huawei.
Tesla CEO Elon Musk, already the world's richest person, added another $26 billion in paper wealth on Thursday after his company's stock had its biggest rally since 2013.
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This is CNBC's live blog covering Asia-Pacific markets.
“The ringgit will find the natural level commensurate to the growth prospect of the country” and be aided by a decline in interest rate differentials with the US, Amir said in an interview in Washington on Thursday. “Malaysia will look more attractive and the ringgit should strengthen along the way.”