Newsfeed – Business News
Iraq says Strait of Hormuz disruption slashed monthly oil exports by nearly 90pc
BAGHDAD, May 16 — Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the […]
SpaceX shareholders approve 5-for-1 stock split ahead of planned IPO
CALIFORNIA, May 16 — A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported yesterday, citing people familiar with the matter. […]
How Samsung’s AI chip success has led workers to threaten its biggest-ever strike
Samsung higher bonuses for memory workers vs foundry employees, transcripts show Samsung says foundry/system LSI business is making losses Samsung foundry supplies AI chips to Tesla, Nvidia Employees worry internal […]
Boeing confirms China commitment to buy 200 aircraft, Trump says deal could reach 950 planes
NEW YORK, May 16 — Aerospace giant Boeing yesterday confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump — a […]
China, US agree to implement ‘all’ trade agreements as Trump touts ‘fantastic’ deals
BEIJING, May 16 — China and the US agreed to continue implementing “all” agreements previously reached and to establish councils for trade and investment, Beijing’s top diplomat said in a […]
UAE to fast‑track oil pipeline to bypass Strait of Hormuz by 2027
West-East Pipeline to double oil export capacity via Fujairah New pipeline expected to be operational by 2027 Strait of Hormuz’s effective closure has boosted energy prices ABU DHABI, May 15 […]
Ringgit closes mostly higher on strong GDP but weaker against US dollar
KUALA LUMPUR, May 15 — The ringgit closed mostly higher against major currencies after Bank Negara Malaysia announced that Malaysia’s economy expanded by 5.4 per cent in the first quarter […]
Bursa Malaysia ends lower tracking weak regional sentiment
KUALA LUMPUR, May 15 — Bursa Malaysia ended the day on a low note, in line with the weaker regional market sentiment as investors adopted a cautious stance amid renewed […]
China markets tumble as Trump-Xi summit falls short of expectations
HONG KONG, May 15 — China stocks fell on Friday amid a broader market selloff as a two-day summit between US President Donald Trump and Chinese leader Xi Jinping produced […]
Investors bail on UK Inc amid Starmer leadership crisis, deficit alarms
LONDON, May 15 — British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock, leaving UK assets in the […]