Newsfeed – Business News
Bursa Malaysia drops as traders stay cautious before Fed rate call and oil surge
KUALA LUMPUR, Sept 15 — Bursa Malaysia ended lower today in subdued trading as sentiment continued to remain cautious ahead of the Federal Open Market Committee (FOMC) interest rate decision […]
Proton e.MAS takes more than 60pc of Malaysia’s EV market, 27,403 registered in eight months
SHAH ALAM, Sept 15 — Proton e.MAS accounted for more than 60 per cent of Malaysia’s electric vehicle (EV) registrations from January to August this year, with 27,403 domestic registrations […]
Ringgit opens higher against US dollar ahead of key central bank meetings
KUALA LUMPUR, Sept 15 — The ringgit opened higher against the US dollar today, amid cautious sentiment ahead of key central bank meetings this week, an economist said. At […]
Bursa Malaysia opens lower as oil prices, US bond yields weigh on sentiment
KUALA LUMPUR, Sept 15 — Bursa Malaysia’s key index opened lower today after closing at an intraday high on Monday, weighed down by elevated crude oil prices and US […]
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 […]