Newsfeed – Business News
GameStop makes US$55.5b takeover bid for eBay to challenge Amazon
NEW YORK, May 4 — US video game retailer GameStop made a takeover bid yesterday to buy eBay for about US$55.5 billion (RM220 billion) in an attempt to turn the online […]
Bursa Malaysia opens higher on foreign inflows, IMF outlook
KUALA LUMPUR, May 4 — Bursa Malaysia opened higher on the first trading day of May, supported by continued net foreign inflows and bolstered by the International Monetary Fund’s (IMF) […]
Middle East conflict triggers stockpiling frenzy, pushing Malaysia’s manufacturing PMI to four-year high
KUALA LUMPUR, May 4 — Malaysia’s manufacturing sector recorded its strongest performance in four years this April, but economists warn the surge is largely driven by businesses frantically stockpiling goods […]
Ringgit starts May stronger ahead of BNM rate decision and key US jobs report
KUALA LUMPUR, May 4 — The ringgit opened higher against the US dollar on the first trading day of May, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee […]
Opec+ to make first post-UAE production decision, as Iran blockade continues to take a toll
VIENNA, May 3 — Seven Opec+ members are meeting today to make their first decision on oil-production quotas since the United Arab Emirates’ departure from the cartel, which added to […]
Vietnam’s inflation accelerates in April, trade deficit widens as West Asia crisis lingers
HANOI, May 3 — Vietnam’s consumer prices rose 5.46 per cent in April from the same month last year, government data showed today, accelerating from 4.65 per cent in March, […]
While Asia and Europe scramble for natural gas, the US glut has nowhere to go
US gas prices hit 17-month low due to oversupply, low demand from mild spring Global gas prices surge as Middle East exports disrupted, US LNG exports mostly maxed out US […]
Japan steps into forex market with over RM127b to prop up yen, reports say
TOKYO, May 2 — Japan spent at least ¥5.0 trillion (RM127 billion) in the foreign exchange market, according to multiple reports, in its first intervention to prop up the currency […]
Aviation industry’s first Iran war casualty: US‑based Spirit Airlines collapses after creditors reject US$500m bailout
Spirit says oil-price jump impacted its financial outlook White House had proposed US$500 million financing for 90 per cent equity Board meeting ended with no agreement to rescue the company, […]
Ringgit rise and IMF upgrade reflect global confidence in Malaysia’s economy, says MOF’s political secretary
KUALA LUMPUR, May 2 — The continued strengthening of the ringgit and the improved economic projections by the International Monetary Fund (IMF) indicate the fundamental strength of the country’s economy […]