Newsfeed – Business News
Oil climbs as stocks slide on fresh Trump warning over Iran
HONG KONG, Sept 1 — Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the […]
Fast-fashion giant Shein shares plunge in Hong Kong debut after US$1.7b IPO
HONG KONG, Sept 1 — Fast-fashion retailer Shein fell more than nine per cent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 billion (RM6.9 billion) in a […]
Amazon hit with US suit over alleged manipulation of ad auctions
SAN FRANCISCO, Sept 1 — The US Federal Trade Commission (FTC) and 22 states sued Amazon on Monday for allegedly “manipulating” online auctions for digital advertising, resulting in more than […]
Russia G20 finance invite draws European ire as US seeks economic unity
ASHEVILLE (United States), Sept 1 — Russia’s attendance at the opening of US-hosted G20 finance meetings sparked European pushback on Monday, adding a surprise element to talks already clouded by […]
Bursa Malaysia pares gains after opening higher on Wall Street weakness
KUALA LUMPUR, Sept 1 — Bursa Malaysia opened higher on Tuesday but soon pared its gains, tracking Wall Street’s weaker performance yesterday. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM […]
Malaysia’s manufacturing sector records third straight month of growth in August, PMI data shows
KUALA LUMPUR, Sept 1 — The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) posted above the neutral mark of 50.0 that sep arates growth from contraction for a […]
CoCo Ichibanya shares surge as Japan curry chain weighs sale
TOKYO, Sept 1 — Japan’s largest curry rice restaurant chain, CoCo Ichibanya, could be sold after its parent company said it was considering options for the business, sending shares in […]
Ringgit slips as US Treasury yields rise, Fed outlook weighs
KUALA LUMPUR, Sept 1 — The ringgit opened lower against the US dollar on Tuesday amid elevated US Treasury yields and uncertainty over the US Federal Reserve’s (Fed) interest rate […]
John Ternus succeeds Tim Cook at Apple as company enters AI era
SAN FRANCISCO, Aug 31 — John Ternus takes over as Apple’s chief executive tomorrow, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence. […]
India posts 7.8pc economic growth in Q1 as domestic demand offsets Iran war impact
NEW DELHI, Aug 31 — India’s economy grew at a faster pace than expected in the April to June quarter, official data showed today, as buoyant domestic demand helped offset […]