Tuesday, Sep 07th

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Share prices close mostly lower

KUALA LUMPUR: Share prices closed mostly lower on Bursa Malaysia as the local bourse remained in negative territory throughout the afternoon session after gains earlier in the day, dealers said.

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No bubble yet as Thai builders jump into housing boom

By Martin Petty and Orathai Sriring

ANALYSIS BANGKOK: From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.

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Survey: IT job opportunities slump in UK public sector

LONDON: Public sector job opportunities in IT in Britain have fallen markedly since the start of the year, a survey showed today, in a sign that the government's austerity drive is already affecting the labour market.

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Report: Obama to propose US$100 billion tax credit

WASHINGTON: President Barak Obama will call for a US$100-billion (RM312-billion) business tax credit this week to boost the sagging US economic recovery, The Washington Post reported yesterday.

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China to have 200 million vehicles by 2020

SHANGHAI: The number of vehicles on China's roads will more than double to at least 200 million by 2020, a top official was quoted today as saying, further straining the nation's environment and energy supply.

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US jobs data lift Asian stocks

By Danny McCord

HONG KONG: Asian stocks rose today after better-than-expected jobs data from the United States suggested the world's biggest economy was not as weak as feared.

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Share prices to move in tight range next week

KUALA LUMPUR: Share prices on Bursa Malaysia are likely to move in a tight range next week, with investors reluctant to actively trade ahead of the Aidilfitri celebration, dealers said.

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Wall Street ends week with hope

By Ron Bousso

NEW YORK: Wall Street heads into next week with strong tailwind from recent days' rally and brighter outlook as traders keenly await President Barack Obama to unveil new plans for boosting the shaky US economy.

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