Newsfeed – Business News
With Hormuz shut and Saudi oil rerouted, Iran‑aligned Houthi threats to Red Sea shipping hit harder in today’s market
SANAA, June 9 — Yemen’s Iran-aligned Houthis said yesterday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding […]
How retail investors — including in Malaysia — can buy shares in SpaceX’s blockbuster IPO
NEW YORK, June 9 — SpaceX’s long-awaited initial public offering, expected to fetch a US$1.75 trillion (RM7.11 trillion) valuation, has set off a frenzy among retail investors clamouring for a […]
GSK offers 40pc premium in US$10.6b bid for cancer drug developer Nuvalent
Deal values cancer drug developer Nuvalent at US$124 (RM503) per share That is a 40 per cent premium to the US-listed firm’s close yesterday GSK CEO Miels says deals expands […]
Ringgit among region’s top‑performing currencies on strong investment inflows, says Amir Hamzah
KUALA LUMPUR, June 9 — The ringgit remains among the best-performing currencies in the region this year, supported by strong investment inflows and Malaysia’s economic fundamentals despite heightened global uncertainties, […]
Tanco hits another limit-down, erasing nearly RM6b in market value
KUALA LUMPUR, June 9 — Tanco Holdings Bhd slid sharply again today, extending a four‑day sell‑off that has erased almost RM6 billion from the property developer’s market capitalisation. In a […]
Ringgit rises versus US dollar, most regional units as tensions ease in West Asia
KUALA LUMPUR, June 9 — The ringgit closed higher against the US dollar and was mostly stronger against regional currencies today, supported by improved market sentiment amid easing geopolitical tensions […]
Bursa Malaysia slips on cautious trade amid US inflation watch, Israel‑Iran uncertainty
KUALA LUMPUR, June 9 — Bursa Malaysia ended lower today as investors adopted a cautious stance amid external uncertainties, keeping a close watch on the upcoming United States inflation as […]
Indonesia surprises markets with interest rate hike as rupiah slides to record low
JAKARTA, June 9 — Indonesia’s central bank announced a surprise 25-basis-point interest rate hike today, citing “high global volatility” and concerns over currency stability. More than a week […]
Property developer Tanco’s shares drop for fourth day, sell-off knocks almost RM5b off company value
KUALA LUMPUR, June 9 — Tanco Holdings Bhd’s shares reportedly fell for a fourth straight trading day today, deepening a sell-off that has wiped nearly RM5 billion from the property […]
Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite […]