Newsfeed – Business News
Singapore’s Temasek to triple AI investments by 2031, targets 15pc exposure
SINGAPORE, July 8 — Singapore state investor Temasek Holdings, one of the world’s top funds, said on Wednesday it plans to sharply increase investments in artificial intelligence companies as its […]
Bursa Malaysia bucks regional trend with late institutional buying boost
KUALA LUMPUR, July 8 — Late buying interest lifted Bursa Malaysia to a slightly higher close on Wednesday, reversing earlier losses and bucking the mixed performance across regional markets. At […]
Apple loses EU court battle to evade landmark Digital Markets Act rules
BRUSSELS, July 8 — Apple lost its bid to escape digital competition rules after an EU court on Wednesday rejected the US giant’s challenge. Apple appealed the European Union’s decision […]
Bursa Malaysia opens higher, outperforms regional peers
KUALA LUMPUR, July 8 —Bursa Malaysia opened higher on Wednesday, outperforming the weaker overnight performance on Wall Street and mixed trading across regional markets. At 9.10 m, the benchmark FTSE […]
Ringgit opens higher against major currencies, eases against the US dollar
KUALA LUMPUR, July 8 — The ringgit opened higher against major currencies but eased against the US dollar on Wednesday as demand for the greenback strengthened amid escalating geopolitical tensions in […]
Oil rises moderately as Mideast tensions spike again
TOKYO, July 8 — The benchmark US oil contract increased more than 2.5 per cent when markets opened today, as Mideast tensions rose with new US attacks on Iran. West Texas […]
Ringgit ends higher on weaker US dollar, firmer oil
KUALA LUMPUR, July 7 — The ringgit closed higher against the US dollar today, tracking gains in regional currencies as a weaker greenback and firmer crude oil prices lifted sentiment, […]
BNM expected to hold OPR steady at 2.75pc amid resilient exports, say economists
KUALA LUMPUR, July 7 — Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported […]
Bursa Malaysia dips on mild profit‑taking, regional softnes
KUALA LUMPUR, July 7 — Bursa Malaysia ended marginally lower today as investors engaged in mild profit-taking following the recent rebound in the local market, in line with softer performances […]
Tamco to assemble Hoymiles Battery Energy Storage Solutions in Shah Alam
KUALA LUMPUR, July 7 — Local power infrastructure solutions provider Tamco Switchgear will soon begin the assembly of Hoymiles Battery Energy Storage System (BESS) solutions at its facility at Shah […]