Newsfeed – Business News
Improved market sentiment lifts ringgit at opening
KUALA LUMPUR, June 15 — The ringgit extended its upward momentum, opening firmer today against the US dollar and other major currencies, supported by improved risk sentiment following signs of […]
War, weak rupiah and wary investors put pressure on Indonesia’s economy
JAKARTA, June 15 — Indonesia’s economy faces a perfect storm wrought by high energy prices and, while the currency has rebounded slightly, critics warn government policies are unnerving investors at […]
Anthropic vs. OpenAI: Behind the bitter battle for the future of AI — and a trillion‑dollar IPO race
Anthropic and OpenAI race to be first to go public in IPO Personal and public tensions between CEOs shape AI industry Altman and Amodei rejected call for show of unity […]
Will Trump’s Fed pick cave to White House pressure? All eyes on Warsh as he leads first FOMC meet
New Fed chair Kevin Warsh chairs his first FOMC meeting amid three-year-high inflation and continued pressure from Trump to cut rates. Rates are expected to hold steady, but war-driven inflation […]
‘Mag 7’ or MANGOS? SpaceX IPO sparks Wall Street debate
NEW YORK, June 14 — SpaceX roared into markets this past week with a valuation of more than US$2 trillion, surpassing two members of Wall Street’s “Magnificent Seven” and raising […]
Weng Yat to supply biomass to Japan, targets RM60m annual revenue
KUALA LUMPUR, June 14 — Malaysian biomass producer Weng Yat Resources Sdn Bhd has signed a deal to build a biomass supply platform for Japan, targeting more than RM60 million […]
When time turns to bullion: Gold rush reshapes second-hand luxury watch market
LONDON, June 13 — Omega’s Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a […]
China fumes as US puts Alibaba, BYD and friends on military watchlist
BEIJING, June 13 (Reuters) — China is “strongly dissatisfied” with a US move to add several large Chinese companies to the Pentagon’s list of firms it says are aiding China’s […]
Tata iPhone supplier faces shutdown threat over alleged groundwater contamination
Pollution body issued warning notice to Tata on May 25 Body said Tata failed to take corrective action despite warnings Tata says it is in ‘full compliance with all regulatory […]
What a trillion dollars means: Inside the scale and risks of Musk’s fortune
PARIS June 13 — As SpaceX completed the biggest initial public offering in history, controversial entrepreneur Elon Musk saw his wealth blow past the symbolic – and unprecedented – level […]