Newsfeed – Business News
Fed rate hike expectations push ringgit lower against US dollar
KUALA LUMPUR, Nov 12 — The ringgit ended higher against major and Asean currencies on Thursday but dipped against the US dollar as growing expectations of an aggressive US interest […]
Bursa extends losing streak as broad selling drags benchmark to yearly low
KUALA LUMPUR, Nov 12 — Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an […]
Penang shareholders back Perak water deal, clearing key hurdle for 2032 supply
GEORGE TOWN, Nov 12 — A majority of PBA Holdings Bhd’s shareholders have approved Penang Water Supply Corporation’s (PBAPP) proposal to purchase a minimum of 300 million litres per day […]
Tokyo, Seoul and Hong Kong all in the red: Asia stocks slide as investors fret about life after Jensen Huang
HONG KONG, Nov 12 — Asian stocks fell Thursday as investors kept a nervous eye on Nvidia whose influential boss Jensen Huang faces a probe into an affair with a […]
Asia’s worst-performing currency just got worse: Rupiah slides past 18,000 to the US dollar
HONG KONG, Nov 12 — Indonesia’s rupiah hit a record low against the dollar on Thursday as traders rushed into the US unit on expectations the Federal Reserve will hike […]
Kimberly Powell, the engineer who became Nvidia’s healthcare VP and is now caught in the Jensen Huang storm
LOS ANGELES, Nov 12 — For nearly two decades, Kimberly Powell has been the person Nvidia sends out to explain what its chips can do for medicine. This week, she […]
Another headache for Nvidia as China’s defence-linked university buys its advanced AI chips
BEIJING, Nov 12 — A Chinese university with close ties to the country’s defence bodies recently bought advanced AI chips made by tech giant Nvidia, procurement notices show, despite stringent […]
Family, insiders or a rival CEO? Meet the Nvidia contenders tipped to succeed Jensen Huang
LOS ANGELES, Nov 12 — Chip giant Nvidia’s board was reportedly meeting Wednesday to discuss the future of co-founder and CEO Jensen Huang after he dated an accused Chinese spy, […]
Bursa slips at open despite Wall Street rally, Petronas Dagangan leads losers
KUALA LUMPUR, Nov 12 — Bursa Malaysia opened lower on Thursday as cautious investor sentiment persisted despite overnight gains on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI […]
RM2,000 minimum wage on the way, but productivity is the real fix, say experts
KUALA LUMPUR, Nov 12 — Malaysia’s latest minimum wage increase is expected to benefit workers through better incomes, while encouraging businesses to step up efforts to improve productivity to ensure […]