Newsfeed – Business News
US-backed startup eyes US$600m rare-earth refinery in Malaysia to bypass China
KUALA LUMPUR, Oct 31 — A primarily US-owned startup is planning a US$600 million (RM2.4 billion) investment in a Malaysian rare-earth refinery, aiming to develop a new critical minerals supply […]
Indonesian stocks tumble 41pc; Jakarta goes after tycoons allegedly behind ‘gorengan’ shares
KUALA LUMPUR, Oct 31 — Indonesian President Prabowo Subianto’s brother has stressed the urgent need for transparency in the domestic equity market, warning that Jakarta must “mitigate the MSCI issue” […]
Monaco exits global money laundering watchlist: The playground for the rich is officially less ‘grey’
PARIS, Oct 31 — Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday it had removed Monaco and three other countries from its “grey list”, two years […]
Is your crypto safe? What the record RM26b Binance heist reveals about exchange security
LONDON, Oct 31 — Binance, the world’s biggest cryptocurrency exchange, estimates that assets worth US$6.3 billion (RM25.7 billion) were impacted by a hacking attack against the trading platform. But how […]
Can France survive its debt? Fitch issues major warning to the EU’s second-largest economy
PARIS, Oct 31 — The Fitch ratings agency on Friday maintained France’s credit rating at A+ but downgraded its outlook from “stable” to “negative” as it raised new concerns over […]
Tech market bloodbath: Intel crashes 30pc, Amazon misses earnings
LONDON, Oct 31 — Technology firms retreated further Friday after more poorly received earnings from US titans fanned deepening concerns about the AI investment boom. Bitcoin meanwhile tumbled after Binance, […]
Biggest crypto heist ever? Binance confirms RM26b customer funds hit in cyberattack
NEW YORK, Oct 31 — Cryptocurrency platform Binance said Friday it was working to resolve a “complex attack” that affected around US$6.3 billion (RM25.7b) in funds, in what is thought […]
Nvidia is becoming the bank of the AI boom — could it also be fuelling a bubble?
NEW YORK, Oct 31 — Nvidia’s US$3 billion (RM12 billion) investment in Meta’s share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarantees that […]
Shock at the pump drives Syrians electric as cheap Chinese cars hit the streets of Damascus
DAMASCUS, Oct 30 — Taxi driver Mohammed Kanaan drives his shiny new electric car around Damascus’s rundown streets, hoping for higher profits as spiking petrol prices made his old car too […]
FBM KLCI gains 4.44 points despite broader market weakness
KUALA LUMPUR, Oct 30 — Bursa Malaysia’s key index ended higher today, supported by renewed buying in selected blue chip stocks, particularly financial services counters, amid mixed regional sentiment. At […]