Newsfeed – Business News
Ukraine refinery strikes, Middle East war: What’s driving US fuel prices?
LONDON, Oct 24 — Ahead of next month’s midterm US elections, Donald Trump has increasingly blamed Ukrainian strikes on Russian refineries for surging energy prices back home, which are causing […]
Napa Valley wineries lose Canadian market and see tourist decline amid Trump tariffs
NAPA (California), Oct 24 — Napa Valley rocketed to international fame when its vintages shocked French rivals in a high-profile blind tasting contest that instantly turned the California corner into […]
Astro’s MBNS to sell broadband business assets to Maxis Broadband for RM83m
KUALA LUMPUR, Oct 23 — Astro Malaysia Holdings Bhd’s wholly owned subsidiary, Measat Broadcast Network Systems Sdn Bhd (MBNS), has entered into a conditional sale and purchase agreement (SPA) with […]
Zetrix AI redesignates Norraesah Mohamad as non-executive chairman
KUALA LUMPUR, Oct 23 — Zetrix AI Bhd has announced in a Bursa Malaysia filing the redesignation of Datuk Dr Norraesah Mohamad as its non-independent and non-executive chairman from her […]
Oil hits five-month high near US$115 as markets weigh AI spending, earnings
LONDON, Oct 23 — Oil prices traded at five-month highs today, with benchmark crude contract Brent North Sea near US$115 (RM459) a barrel, as the Middle East conflict raged on. […]
Ringgit ends easier against US dollar, mixed versus major currencies amid AI, bond yield concerns
KUALA LUMPUR, Oct 23 — The ringgit ended slightly lower against the US dollar today as market sentiment remained cautious amid concerns over artificial intelligence (AI) related share prices and […]
Following strikes, Etihad extends Saudi flights suspension until Nov 5
DUBAI, Oct 23 — UAE national airline Etihad has extended until November 5 its suspension of flights to Riyadh and Dammam in Saudi Arabia, targeted by strikes from Yemen’s Houthis. […]
Bursa Malaysia’s key index ends at intraday high on selective buying in heavyweights
KUALA LUMPUR, Oct 23 — Bursa Malaysia ended the week on a flattish note, although the benchmark index managed to finish marginally higher as selective buying in index heavyweights helped […]
BNM: Nepal-China flood victims to receive loan repayment deferments, fee waivers
KUALA LUMPUR, Oct 23 — Repayment deferments have since been extended to the victims affected by the recent floods along the Nepal-China border, Bank Negara Malaysia (BNM) said. In a […]
Volvo Cars shares dive nearly 30pc as US tariffs, China competition drive Q3 loss
STOCKHOLM, Oct 23 — Shares in Swedish carmaker Volvo Cars plunged today after it said US tariffs and strong competition from local brands in China pushed it into a third-quarter […]