Newsfeed – Business News
Indian tile makers feel heat of Mideast war energy crunch
MORBI (India), April 1 — Blazing-hot kilns in India’s US$6.5 billion (RM26.2 billion) ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy […]
Global factory costs surge as Iran war disrupts supply chains
LONDON, April 1 — Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine […]
Ringgit ends higher as hopes grow for US-Iran de-escalation
KUALA LUMPUR, April 1 — The ringgit extended earlier gains to end higher against the US dollar on Wednesday driven by renewed optimism among market traders following signs of possible […]
Bursa Malaysia climbs 1.10pc, KLCI breaks above 1,700 on improved sentiment
KUALA LUMPUR, April 1 — Bursa Malaysia closed higher on Wednesday, with the key index rising 1.10 per cent, in line with firm gains across regional markets following a strong […]
Aussie retailer Cotton On denies exiting Asia, confirms Malaysia and Singapore stores unaffected by holding company liquidation
KUALA LUMPUR, April 1 — Australian fashion and lifestyle retailer Cotton On has dismissed reports that it is exiting Asia, clarifying that the liquidation of one of its entities, Cotton […]
OpenAI raises US$122b, company now worth US$852b
SAN FRANCISCO, April 1 — OpenAI yesterday said that the startup was valued at US$852 billion (about RM3.44 trillion) in a freshly closed funding round that raised US$122 billion (about […]
Asian markets rally on optimism Middle East was could end soon
SINGAPORE, April 1 — Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session today on hopes of a de-escalation in the Iran conflict, […]
Bursa Malaysia edges up on potential de-escalation of Middle East conflict
KUALA LUMPUR, April 1 — Bursa Malaysia opened higher today, tracking overnight gains on Wall Street, as investor sentiment improved on expectations that the West Asia conflict may ease soon. […]
Malaysia’s manufacturing sector rebounds in March, but war-driven inflation hits 45-month high
KUALA LUMPUR, April 1 — Malaysia’s manufacturing sector returned to growth in March for the first time in two months, but this positive development was overshadowed by severe inflationary pressures […]
Ringgit opens higher as hopes of US exit from Iran lifts sentiment
KUALA LUMPUR, April 1 — The ringgit opened higher against the US dollar today as global sentiment improved on hopes that the US may be leaving Iran in a matter […]