Newsfeed – Business News
Rockets, robots and rage-posts: Mapping Elon Musk’s sprawling empire as SpaceX eyes blockbuster IPO
NEW YORK, May 20 — Elon Musk defines himself as an engineer trying to save humanity, while his critics call him a far-right showman who overpromises and underdelivers. Either way, […]
MAG expects jet fuel prices to stay at US$120-US$130 per barrel amid geopolitical tensions
KUALA LUMPUR, May 20 — Malaysia Aviation Group (MAG) expects jet fuel prices to hover between US$120 and US$130 per barrel over the next one year, based on current forward […]
Marks and Spencer forecasts return to profit growth after cyberattack hit annual earnings
LONDON, May 20 — British clothes-to-food retailer Marks and Spencer forecast Wednesday a return to profit growth as it recovers from a cyberattack that disrupted its online services last […]
Ringgit rises against US dollar on stronger trade data, record April exports despite global uncertainties
KUALA LUMPUR, May 20 — The ringgit firmed against the US dollar as market sentiment improved on the back of Malaysia’s trade performance, which rose 28.6 per cent year-on-year […]
Bursa Malaysia closes lower as weak global sentiment, geopolitical tensions weigh on investor confidence
KUALA LUMPUR, May 20 — Bursa Malaysia ended lower on Wednesday, as weakening global risk sentiment weighed on investor confidence, an economist said. At 5 pm, the FTSE Bursa Malaysia […]
Asian stocks fall further as inflation fears weigh on markets
HONG KONG, May 20 — Asian markets extended their losses today as surging bond yields and stubborn inflation concerns knocked investor confidence already shaken by US President Donald Trump’s renewed […]
With Trump on their heels, EU agrees to implement tariff-cutting deal with US
STRASBOURG, May 20 — EU lawmakers and member states reached a deal in the early hours of today to implement the bloc’s nearly year-old trade pact with the United States, with […]
China says working with US to cut tit-for-tat tariffs on at least US$30b of goods
BEIJING, May 20 — Beijing will work with Washington on reducing levies affecting tens of billions of dollars in goods, a commerce ministry statement said today, days after US President […]
Talks fail, Samsung union to launch major strike by 50,500 workers
SEOUL, May 20 — A planned strike at South Korean chip giant Samsung Electronics will go ahead from tomorrow, its union said, after talks on bonus payouts collapsed, raising concerns over […]
Ringgit opens mixed as US jobs data lifts dollar
KUALA LUMPUR, May 20 — The ringgit opened mixed against regional peers and was mostly firmer against major currencies today, amid cautious market sentiment following stronger-than-expected US jobs data. At […]