Newsfeed – Business News
Oil price jumps over 4pc as US-Iran fighting flares, Asian markets mostly fall
HONG KONG, July 13 — Oil prices jumped more than four per cent today after another flare-up between the US and Iran that threatened their already fragile truce, while Seoul […]
Petronas inks seven-year LNG supply deal with Japan’s Shizuoka Gas
KUALA LUMPUR, July 13 — Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG Ltd (PLL) has inked a seven-year new liquefied natural gas (LNG) sale and purchase agreement with Shizuoka Gas […]
Bursa Malaysia retreats after opening higher as investors lock in gains
KUALA LUMPUR, July 13 — Bursa Malaysia opened slightly higher today but retreated thereafter, as investors took profit following the benchmark index’s rally to a two-week high above the 1,690 […]
Ringgit dips against US dollar amid Middle East tensions
KUALA LUMPUR, July 13 — The ringgit opened slightly lower against the US dollar today amid uncertainties over the free flow of vessels through the Strait of Hormuz and the […]
Amid cost-cutting push, Volkswagen CEO says there are ‘smarter solutions’ than closing factories
BERLIN, July 12 — Volkswagen Group chief executive Oliver Blume said he believed the carmaker could avoid factory closures as it presses ahead with efforts to cut costs, reported German […]
Fast fashion giant Shein gets green light for Hong Kong IPO as China opens the fashion door
BEIJING, July 11 — Fashion giant Shein has won approval from China’s market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission said on […]
From AI buddies to rivals: Apple and OpenAI’s bromance ends in court with blockbuster trade secrets lawsuit
SAN FRANCISCO, July 11 — Apple on Friday sued OpenAI, accusing the artificial intelligence company of orchestrating a campaign to steal the iPhone maker’s trade secrets as it tries to […]
US clears way for UAE to buy AI chips and military tech
WASHINGTON, July 11 — The United States on Friday announced a major easing of export restrictions on the United Arab Emirates, removing barriers to sales of advanced AI chips and […]
AI chip giant SK hynix dazzles in blockbuster Wall Street debut
NEW YORK, July 11 — Global stock markets rose slightly on Friday as investors digested a wave of corporate announcements, while the Nasdaq failed to get a major boost from […]
Apollo launches US$7.7b bid for EasyJet, sparking takeover battle
LONDON, July 10— British budget airline EasyJet said today it reached an agreement in principle for a £5.7-billion (US$7.7 billion) takeover by US private equity firm Apollo, topping a rival […]