Newsfeed – Business News
Ringgit slips against US dollar, gains on most Asean currencies
KUALA LUMPUR, Oct 8 — The ringgit closed higher on Thursday against most Asean currencies, but lower against the US dollar amid a renewed surge in oil prices and escalating […]
US$104 oil returns with Iran tensions and hurricane risks mounting
WASHINGTON, Oct 8 — Oil prices surged nearly four per cent on Thursday amid heightened concerns over an escalation in the United States (US)-Iran conflict, reported German Press Agency (dpa). […]
Oil surge, rate fears and AI debt worries hammer Asian equities
BEIJING, Oct 8 — Asian stocks ended mostly lower on Thursday as technology stocks retreated on concerns over a surge in corporate debt linked to artificial intelligence, reported German Press […]
Bursa ends at 1,601 as geopolitical fears eclipse Budget 2027 optimism
KUALA LUMPUR, Oct 8 — Bursa Malaysia ended lower today, remaining under selling pressure ahead of Budget 2027 announcement tomorrow, as a renewed surge in oil prices and escalating geopolitical […]
Mercedes sales slide 8pc as demand for its electric cars surges 61pc
STUTTGART, Oct 8 — German car manufacturer Mercedes announced on Wednesday that it had sold 407,200 passenger cars in the third quarter of the year, representing an eight per cent […]
Indonesia starts EV battery exports as US$10.2b industrial projects take off
JAKARTA, Oct 8 — Indonesia launched its first electric vehicle (EV) battery exports and 11 downstream industrial projects worth US$10.2 billion (RM41.7 billion) at the Indonesia Weda Bay Industrial Park […]
IEA ready to tap more oil reserves as diesel supplies tighten
PARIS, Oct 8 — The International Energy Agency’s member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel fuel due to tight […]
Transparent govt policies help keep Malaysia stock market stable, says finance minister II
KUALA LUMPUR, Oct 8 — Malaysia’s stock market remains stable for now, supported by transparent government policies and a conducive environment that encourages foreign fund inflows, said Finance Minister II […]
Bursa Malaysia retreats after opening higher, tracks weaker Wall Street
KUALA LUMPUR, Oct 8 — Bursa Malaysia opened higher on Thursday but retreated shortly after, tracking weaker Wall Street performance overnight as sentiment was weighed down by surging US Treasury […]
Ringgit opens firmer against US dollar as markets await Budget 2027 clues on fiscal deficit
KUALA LUMPUR, Oct 8 — The ringgit opened slightly higher against the US dollar on Thursday as markets awaited the tabling of Budget 2027 for clues on the direction of […]