Newsfeed – Business News
Philippines suspends fuel taxes as Middle East war drives up costs
MANILA, Sept 26 — The Philippines temporarily suspended excise duties on petroleum products used for cooking, the presidential palace said on Friday, as it struggles to deal with soaring fuel […]
Cambodia’s Legend Cinema picks Penang for first Malaysian outlet, opening in Sunshine Mall by December
PHNOM PENH, Sept 26 — Cambodia’s Legend Cinema is expanding overseas for the first time, with plans to open its first Malaysian outlet at Sunshine Mall in Penang by the […]
Trump-Xi truce buys breathing room as US-China rivalry rumbles on
WASHINGTON, Sept 26 — Washington and Beijing may have bought themselves breathing space with an extended trade truce, but analysts warn that time is running out for the world’s two […]
Wall Street gets a lift as oil drops on hopes for Hormuz reopening
NEW YORK, Sept 26 — Wall Street stocks bounced Friday to finish a volatile week on a positive note, greeting a drop in oil prices on hopes for a US-Iran […]
What happens if the US bans diesel exports — and why analysts say global fuel prices could surge
LONDON, Sept 26 — With diesel prices hitting records ahead of the US midterm elections, President Donald Trump has expressed support for a ban on diesel exports, but analysts warn the […]
Ringgit edges higher against US dollar as bargain‑hunting offsets Fed hike concerns
KUALA LUMPUR, Sept 25 — The ringgit closed higher against the US dollar today, driven by bargain-hunting activity despite expectations of further US interest rate hikes. At 6pm, the ringgit […]
Volkswagen recalls nearly 2.9 million cars worldwide over steering‑failure risk
BERLIN, Sept 25 — German automobile giant Volkswagen confirmed today a recall of around 2.86 million vehicles worldwide over a potential steering risk, according to the German transport authority KBA. […]
Bursa Malaysia ends flat as US bond yields and West Asia tensions weigh
KUALA LUMPUR, Sept 25 — Bursa Malaysia ended flat today amid concerns over rising US Treasury yields and escalation in West Asia. At 5pm, the FTSE Bursa Malaysia KLCI (FBM […]
Billionaire-backed US mining company uses AI to hunt critical minerals in DR Congo
MANONO (DR Congo), Sept 25 — Geologists from US mining company KoBold Metals are pushing deep into the Congolese bush, hoping a cutting-edge army of “explorers” directed by AI will help […]
Asian markets mixed as oil stays elevated, bond yields hit multi-year highs
HONG KONG, Sept 25 — Asian markets were mixed today after recent oil price surges, as US and Japanese bond yields hit multi-year highs with no clear end in sight […]