Newsfeed – Business News
Malaysia stronger than a decade ago after fiscal reforms, says SC chairman
KUALA LUMPUR, Sept 14 — Malaysia is in a stronger position than a decade ago, thanks to major fiscal decisions by the government, such as subsidy cuts and a focus […]
Nigeria’s Dangote launches US$1.6b IPO, Africa’s biggest, to double oil refinery capacity
LAGOS, Sept 14 — Nigerian billionaire Aliko Dangote on Monday launched what is slated as Africa’s biggest initial public offering (IPO), which aims to raise US$1.6 billion (RM6.5 billion) to […]
Ringgit gains against most major, Asean currencies despite weaker US dollar
KUALA LUMPUR, Sept 14 — The ringgit appreciated against most major and Asean currencies at Monday’s close, although it declined against the US dollar. This fluctuation occurred amid rising Brent […]
Bursa Malaysia rebounds to snap four-day losing streak, closes at intraday high
KUALA LUMPUR, Sept 14 — Bursa Malaysia’s barometer index closed at an intraday high and snapped a four-day losing streak on Monday, as bargain hunting emerged following recent weakness, with […]
Oil surges above US$100 as Middle East fears deepen, tech stocks slide
HONG KONG, Sept 14 — Oil prices spiked Monday on Middle East supply fears after Saudi Arabia closed a key pipeline, putting further upward pressure on inflation ahead of an […]
Tech firms hit by AI slowdown call with Fed expected to hike rates
HONG KONG, Sept 14 —Tech firms tumbled today after leaders of companies at the forefront of the AI boom backed calls for a slowdown in development in the sector […]
Amazon suspends 21 Air operations following Miami cargo plane crash
WASHINGTON, Sept 14 — Amazon said yesterday it is pausing its operations with 21 Air LLC, the company that owned the plane that crashed in Miami last week, killing five […]
Short-term interbank rates expected to remain stable amid BNM liquidity operations
KUALA LUMPUR, Sept 14 — Short-term interbank rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb excess liquidity in the financial system. Liquidity […]
Plantation, healthcare and consumer sectors draw RM263.7m foreign inflows
KUALA LUMPUR, Sept 14 — Plantation, healthcare as well as consumer products and services sectors have attracted a combined net foreign inflow of RM263.7 million into Bursa Malaysia last […]
Bursa Malaysia slips at opening as foreign selling weighs on market sentiment
KUALA LUMPUR, Sept 14 — Bursa Malaysia opened lower on Monday, extending last week’s bearish performance in line with a weaker regional trend, said an analyst. At 9.15 am, […]