Newsfeed – Business News
Ringgit closes higher against US dollar on tech-led inflows, easing geopolitical risks
KUALA LUMPUR, April 27 —The ringgit closed higher against the greenback today on improved optimism, as markets saw inflows into semiconductor-related stocks, which benefited Malaysia. Against regional currencies, the ringgit […]
Adidas shares rise as Sawe breaks sub-two-hour marathon record
LONDON, April 27 — German sportswear maker Adidas’ shares rose today after Kenya’s Sabastian Sawe became the first person to run a marathon in under two hours in an official […]
Late selling drags Bursa Malaysia lower amid rotation into mid-, small-cap stocks
KUALA LUMPUR, April 27 – Last-minute selling dragged Bursa Malaysia into negative territory at closing, reversing gains after trading in positive territory throughout the day, as investors shifted to rotational […]
China blocks Meta’s acquisition of AI firm Manus
BEJING, April 27 — China has blocked Meta’s acquisition of AI startup Manus, the top economic planning body said today, after a regulatory review that reportedly also saw Beijing restrict […]
Proton reports 6,500 orders for e.MAS 7 plug-in hybrid
SHAH ALAM, April 27 — Proton’s energy vehicle arm, PRO-NET, is reporting steady consumer interest for its plug-in hybrid SUV, attributing the trend to rising fuel costs and recent cuts […]
Blue chip interest keeps Bursa Malaysia in the green as losers outpace gainers
KUALA LUMPUR, April 27 — Bursa Malaysia remained in positive territory at midday, supported by buying in heavyweights, led by Press Metal, Telekom Malaysia and Petronas Chemicals. These three counters […]
China’s Star 50 hits three-month high amid semiconductor surge, Hong Kong tech index jumps 1.3pc
HONG KONG, April 27 — China and Hong Kong stocks edged higher on Monday, led by technology shares, as data showing solid industrial profit growth and renewed AI enthusiasm lifted […]
Another day, another trade war: EU-China fight looms over ‘Made in Europe’ rules
BEIJING, April 27 — Beijing slammed on Monday an EU plan aimed to bolster the bloc’s industries against fierce competition from China, vowing countermeasures if it is enacted. The EU […]
Bursa Malaysia pops on open, buoyed by strong Intel earnings
KUALA LUMPUR, April 27 — Bursa Malaysia opened higher on Monday amid renewed interest as Malaysia is seen benefitting from increased data centre investments due to its reputation as a […]
Malaysia’s ringgit in holding pattern as traders wait for US Fed fireworks
KUALA LUMPUR, April 27 — The ringgit edged higher against the US dollar but was traded mostly lower against other major currencies in early trade on Monday amid subdued market […]