Newsfeed – Business News
Versa says 30,000 Malaysians now putting savings on autopilot through its app, RM2.5b placed in funds since 2021
KUALA LUMPUR, July 17 — Malaysian wealth management app Versa said more than 30,000 people now use its Auto Save feature, while savings placed through its platform have reached RM2.5 […]
Bursa Malaysia ends higher on foreign inflows, stronger economic outlook
KUALA LUMPUR, July 17 — Bursa Malaysia’s key index closed higher today, supported by sustained foreign fund inflows and improving domestic macroeconomic fundamentals. At 5 pm, the FTSE Bursa Malaysia […]
Ringgit weakens against US dollar as West Asia tensions weigh on sentiment
KUALA LUMPUR, July 17 — The ringgit ended the final trading day of the week lower against the US dollar as escalating developments in West Asia weighed on market sentiment. […]
Volvo Cars sales fall amid tough market conditions, but recovery signs emerge
STOCKHOLM, July 17 —-Swedish carmaker Volvo Cars today reported a drop in sales in the second quarter, noting a “very challenging environment,” but said it expected sales to […]
Ringgit flat against US dollar ahead of Malaysia’s 2Q GDP estimate
KUALA LUMPUR, July 17— The ringgit opened higher against most major currencies but was flat against the US dollar today, as investors remained cautious ahead of the release of Malaysia’s […]
Netflix results disappoint Wall Street amid rising TikTok, YouTube competition
SAN FRANCISCO, July 17 — Netflix shares dropped as much as 8 per cent yesterday after results underwhelmed investors already worried about slowing engagement at the streaming giant. The […]
Ringgit edges higher against US dollar as softer inflation tempers Fed hike fears
KUALA LUMPUR, July 16 — The ringgit ended marginally higher against the US dollar today, supported by softer-than-expected United States (US) inflation data and reduced expectations of a near-term rate […]
Financials and plantations lead Bursa gains as investors eye GDP release
KUALA LUMPUR, July 16 — Bursa Malaysia’s key index rebounded from yesterday’s losses to close higher on Thursday, driven by broad-based buying across multiple sectors. At 5pm, the FTSE Bursa […]
Asian stocks mostly sink as AI worries hammer tech
HONG KONG, July 16 — Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again taking the brunt […]
Uber strikes €12.7b deal to take over Germany’s Delivery Hero
FRANKFURT, July 16 — German food delivery group Delivery Hero said Thursday it has agreed to be taken over by US ride-hailing giant Uber in a €12.7 billion (RM59.3 billion) […]