Newsfeed – Business News
US carmakers are getting squeezed — and Chinese brands are waiting outside
NEW YORK, Oct 3 — Major US automakers have watched their domestic market share shrink even more thanks to their Asian competitors — a situation that may worsen if Chinese […]
G20 splits over industrial overcapacity, an issue often aimed at China
WASHINGTON, Oct 3 — The US G20 presidency said yesterday it was “severely disappointed” that some members rejected a statement this week for action against excess industrial capacity, a criticism […]
Bursa looks for a floor next week after 40-point weekly slide
KUALA LUMPUR, Oct 3 — Bursa Malaysia’s key index is expected to hover within the 1,620-1,650 range next week, with selective accumulation of quality blue-chip stocks likely to emerge on […]
Weak US jobs data gives ringgit a shot at RM4.07 next week
KUALA LUMPUR, Oct 3 — The ringgit is expected to strengthen against the US dollar next week, trading in the range of RM4.07 to RM4.08, as weaker-than-expected US employment data […]
US regulator finds Boeing 737 MAX software bug ‘not a safety concern’
NEW YORK, Oct 3 — A software bug that delayed the US certification of Boeing’s 737 MAX 10 aircraft does not pose a safety concern, the Federal Aviation Administration (FAA) […]
Trump says diesel export ban was ‘never really on the table’ after G7 deal
WASHINGTON, Oct 3 — President Donald Trump said yesterday that the United States would not impose a diesel export ban, as he hailed a decision by European countries to release […]
Bad news is good news again as Wall Street bets on a Fed pause
NEW YORK, Oct 3 — Wall Street stocks advanced yesterday after weak US jobs data lowered the odds of Federal Reserve rate hikes. Major US indices spent most of the […]
Trump wants cheaper fuel — G7 is releasing 100 million barrels
WASHINGTON, Oct 3 — The Group of Seven industrial nations said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting […]
Ringgit edges higher against US dollar amid cautious trading
KUALA LUMPUR, Oct 2 — The ringgit ended slightly higher against the US dollar today after trading in a narrow range, as market sentiment remained cautious amid heightened global uncertainties. […]
ECRL route creates new opportunities with 65 commercial spaces, RM12.7m contracts
KUANTAN, Oct 2 — A total of 65 commercial spaces and 35 facility management packages worth RM12.7 million are being offered to local entrepreneurs and contractors along the East Coast […]