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Malaysia ends gold duty-free era with 10% import tax
Malaysia imposes 10% import duty on LBMA-standard gold bars from June 8, 2026, adding RM45,000 per kilogram.
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Sri Lanka Surprises with 100-Basis-Point Rate Hike Amid Iran War Fallout
Sri Lanka's central bank raises key rate by 100 bps to combat inflation and support the rupee, as the Iran war drives up energy costs.
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Cartier Owner Richemont Defies Luxury Slowdown with Strong Jewellery Sales
Richemont beats expectations with 13% sales growth, driven by high-end jewellery demand, despite Middle East disruption from regional conflict.
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ECB's Schnabel Calls for June Rate Hike Despite Iran Peace Prospects
ECB board member Isabel Schnabel signals a decisive hawkish shift, advocating for a June rate hike even if an Iran peace deal emerges.
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ECB's Schnabel Warns Economic Growth Will Take Bigger Hit From Shock
ECB board member Isabel Schnabel warns growth will suffer more than expected from energy price shocks, risking inflation progress.
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US and UK Banks Get $1.3T Boost from Leverage Rule Change
Federal regulators ease post-2008 capital requirements on low-risk assets, unlocking over a trillion dollars in new lending capacity for major US and UK banks.
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Consumer Discretionary Stocks Lag as S&P 500 Surges to Record Highs
The S&P 500 Consumer Discretionary sector hits a 20-year low relative to the index, signaling a lopsided rally fueled by tech and AI.
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US Consumer Discretionary Stocks Hit 20-Year Low vs S&P 500 as AI Craze Dominates
Consumer discretionary stocks hit a 20-year low vs. the S&P 500, as AI mania siphons investor dollars away from retail and auto giants.