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Malaysia's October inflation rate eases to 3.7 pct y/y, below forecast

Malaysia's annual inflation rate in October was 3.7 percent from a year earlier, government data showed on Friday, moderating from the previous month and lower than forecasts. A Reuters poll had predicted inflation at 4.00 percent, below the 4.3 percent expansion seen in September. Headline inflation reached an eight-year high of 5.1 percent in March, but has since moderated. October's inflation was driven by higher fuel costs, with the transport

Tencent on global path as it surpasses Facebook in valuation

China's biggest social network and gaming firm Tencent Holdings , which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters.