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Malaysia plans $112.5 billion budget for 2027 ahead of possible election

Malaysia plans $112.5 billion budget for 2027 ahead of possible election

By Rozanna Latiff and Ashley Tang KUALA LUMPUR, Oct 9 (Reuters) - Malaysia's government on Friday proposed a moderately expansionary budget of 459.8 billion ringgit ($112.48 billion) for 2027, ramping up spending ahead of a possible election despite growing fiscal pressure from a jump in global oil
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US weekly jobless claims fall as layoffs remain low

US weekly jobless claims fall as layoffs remain low

WASHINGTON, Oct 8 (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite job growth slowing sharply in September.
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Once shunned, Myanmar's military-backed leader gets red carpet welcome in Malaysia

Once shunned, Myanmar's military-backed leader gets red carpet welcome in Malaysia

KUALA LUMPUR, Oct 7 (Reuters) - Myanmar's junta chief-turned-president Min Aung Hlaing arrived in Malaysia on Wednesday for talks with Prime Minister Anwar Ibrahim, as the military-backed leader once shunned by regional nations seeks international legitimacy.
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UK 30-year gilt yields hit 28-year high in global selloff

UK 30-year gilt yields hit 28-year high in global selloff

By David Milliken LONDON, Oct 7 (Reuters) - British 30-year bond yields rose to a 28-year high on Wednesday as a global bond selloff pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.
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China to resume October fuel exports after a brief halt, four trade sources say

China to resume October fuel exports after a brief halt, four trade sources say

SINGAPORE, Oct 9 (Reuters) - China is set to resume October refined fuel exports after a brief halt during its Golden Week holiday, a move that will help ease tight global diesel, gasoline and jet fuel markets, four traders familiar with the matter said on Friday. 
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US 30-year fixed-rate mortgage rate hits 7.40%, likely to further erode housing demand

US 30-year fixed-rate mortgage rate hits 7.40%, likely to further erode housing demand

WASHINGTON, Oct 8 (Reuters) - The average rate on the popular US 30-year fixed-rate mortgage surged to a near three-year high this week, and could increase further as concerns over inflation boost Treasury yields.
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Jaguar unveils electric car in gamble on US tech millionaires

Jaguar unveils electric car in gamble on US tech millionaires

Oct 7 (Reuters) - Jaguar Land Rover has unveiled its new Jaguar Type 01 electric car, with an ultra-long bonnet, no rear window and a wealth of technology, in New York as it targets the potential for growth in the US market.
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The Latest: GOP fears grow that even $1 billion may not buy midterm victory

The Latest: GOP fears grow that even $1 billion may not buy midterm victory

Republicans are increasingly anxious that even $1 billion in campaign spending won't fend off sweeping election losses as the party reckons with President Donald Trump’s unpopularity, inflation and the war in Iran
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Reuters interview with ECB policymaker Dolenc

Reuters interview with ECB policymaker Dolenc

FRANKFURT, Oct 8 (Reuters) - The following are the highlights of a Reuters interview with ECB policymaker Primoz Dolenc. For an interview story, click here. ON INFLATION "Headline inflation rose to 3.8% last month, above our projections, largely reflecting developments in energy prices.
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Explainer-The status of Iran's uranium enrichment programme

Explainer-The status of Iran's uranium enrichment programme

By Francois Murphy VIENNA, Oct 7 (Reuters) - US Vice President JD Vance told Reuters on Tuesday Iran must make a "meaningful" reduction in its uranium enrichment capacity to satisfy US demands and end the countries' seven-month war.
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Lower US Treasury yield view persists despite biggest quarterly surge since 1994: Reuters poll

Lower US Treasury yield view persists despite biggest quarterly surge since 1994: Reuters poll

By Sarupya Ganguly BENGALURU, Oct 7 (Reuters) - US Treasury yields are forecast to fall over coming months, according to fixed income strategists in a Reuters poll who clung to their long-held view despite the benchmark 10-year yield recording its biggest quarterly jump since 1994.
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Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

By Rozanna Latiff KUALA LUMPUR, Oct 7 (Reuters) - Malaysia is likely to deliver a moderately expansionary budget for 2027 on Friday as it looks to boost support for households ahead of a general election that could be called at any time, analysts and economists said.