Newsfeed – Business News
While Asia and Europe scramble for natural gas, the US glut has nowhere to go
US gas prices hit 17-month low due to oversupply, low demand from mild spring Global gas prices surge as Middle East exports disrupted, US LNG exports mostly maxed out US […]
Japan steps into forex market with over RM127b to prop up yen, reports say
TOKYO, May 2 — Japan spent at least ¥5.0 trillion (RM127 billion) in the foreign exchange market, according to multiple reports, in its first intervention to prop up the currency […]
Aviation industry’s first Iran war casualty: US‑based Spirit Airlines collapses after creditors reject US$500m bailout
Spirit says oil-price jump impacted its financial outlook White House had proposed US$500 million financing for 90 per cent equity Board meeting ended with no agreement to rescue the company, […]
Ringgit rise and IMF upgrade reflect global confidence in Malaysia’s economy, says MOF’s political secretary
KUALA LUMPUR, May 2 — The continued strengthening of the ringgit and the improved economic projections by the International Monetary Fund (IMF) indicate the fundamental strength of the country’s economy […]
Takaichi visits Hanoi for talks with Vietnamese leaders amid Japan’s concerns over investment slump
HANOI, May 2 — Japanese Prime Minister Sanae Takaichi is set to meet Vietnam’s leader To Lam in Hanoi today as the countries try to shore up ties amid a […]
Ringgit expected to trade in RM3.96–RM3.98 range next week ahead of US data
KUALA LUMPUR, May 2 — The ringgit is expected to trade within a narrow range next week, hovering between RM3.96 and RM3.98 against the US dollar ahead of key United […]
Bursa Malaysia seen trading range‑bound between 1,700 and 1,730 next week as West Asia tensions persist
KUALA LUMPUR, May 2 — Bursa Malaysia’s benchmark index is expected to trade in a range-bound mode with a cautious bias within the 1,700-1,730 range next week. Rakuten Trade Sdn […]
Trump says EU not complying with trade deal, will raise auto tariffs to 25pc next week
WASHINGTON, May 2 — President Donald Trump said yesterday that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is […]
Iran war redraws global sea routes, pushing Asia–Europe traffic around Africa as Hormuz and Red Sea choke
PARIS, May 1 — The closure of the Strait of Hormuz as well as tensions in the Red Sea are reshaping trade routes, with Africa becoming a hub of global […]
EU kickstarts Mercosur trade pact to counter US tariff shock and rising Chinese competition, eyes export boost
EU-Mercosur deal provisionally to apply from May 1 despite EU Parliament challenge Trump tariffs caused rush of trade accords, also with India, Indonesia, Australia, Mexico EU faces competition from China […]