Newsfeed – Business News
Saudi Arabia faces economic contraction as war woes mount
RIYADH, Oct 13 — Saudi Arabia, the world’s top oil exporter, faces a major economic contraction this year, the IMF said today, as deadly attacks by Yemen’s Houthis squeeze a […]
IMF warns AI market correction, cyber threats could shake global financial system
BANGKOK, Oct 13 — The IMF warned on Tuesday of “elevated” risks faced by the global financial system, with potential perils including an AI-related market correction and cyber threats that […]
Ringgit slips against US dollar as investors await inflation data
KUALA LUMPUR, Oct 13 — The ringgit closed slightly lower against the US dollar today as investors remained cautious ahead of the US inflation data due tomorrow, an analyst said. […]
Greater KL gets new industrial gas plant as China’s Yingde Gases expands in Malaysia
KUALA LUMPUR, Oct 13 — China-based industrial gas producer Yingde Gases Group Co Ltd’s unit NovaAir Industrial Gases Sdn Bhd aims to raise the Kuala Lumpur plant’s capacity utilisation to […]
South China Sea disruptions could hit Malaysia’s economy, supply chains, food security
KUALA LUMPUR, Oct 13 — Disruptions, unsafe encounters or legal ambiguities in the South China Sea could threaten Malaysia’s economic stability, national supply chains and regional food security, said Deputy […]
Europe paid Russia US$320b for energy while backing Ukraine, Moscow says
MOSCOW, Oct 13 — Russia said on Monday that it had sold European countries more than US$320 billion (RM1.36 trillion) worth of hydrocarbons since 2022, despite sanctions imposed over the […]
‘No other choice’: Poorer countries face painful spending cuts as Iran war drives up energy costs, says IMF
BANGKOK, Oct 13 — The International Monetary Fund warned on Tuesday that while low-income developing countries were dealing with the disproportionate impacts of the Iran war-fuelled energy shock, many had […]
Ringgit opens higher on Budget 2027 optimism, but West Asia tensions and US inflation cloud outlook
KUALA LUMPUR, Oct 13 — The ringgit edged higher against the US dollar at the opening, buoyed by optimism surrounding Budget 2027. At 8 am, the ringgit was up marginally […]
Getty Images plans bankruptcy restructuring as owners pledge US$533m to cut debt
NEW YORK, Oct 13 — US photography company Getty Images announced Monday that it had reached an agreement with major lenders to restructure its debt, take the company private and […]
Houthi attacks push oil over US$100 as investors brace for US inflation data
NEW YORK, Oct 13 — Oil prices rose on Monday as Yemen’s Iran-backed Houthi movement launched additional strikes on Saudi Arabia, adding to worries about tight global supplies heading into […]