KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
India and the United States are close to finalizing a trade agreement that could slash tariffs on Indian exports to 15%–16%, down from the current average of about 50%, according to a report by the Mint newspaper citing three sources familiar with the talks.
As part of the potential deal, New Delhi may agree to gradually curb imports of Russian oil while allowing greater US exports of non-genetically modified corn and soymeal into India.
The announcement could come during a possible meeting between US President Donald Trump and Indian Prime Minister Narendra Modi at the upcoming ASEAN Summit in Malaysia, the report said.
The move is seen as a major step toward easing trade tensions between the two countries and aligning India more closely with the US amid shifting global supply chains.
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