Newsfeed – Business News
International energy agency chief: Mideast war could kickstart renewables boom
PARIS, April 7 — The world’s worst energy crisis, caused by the Middle East war, will accelerate the development of renewables, nuclear energy and electric vehicles, the head of the […]
Asian airlines trim schedules and carry extra fuel as supplies tighten
HONG KONG, April 7 — Airlines across Asia are cutting flights, carrying extra fuel from home airports and adding refuelling stops as the Middle East conflict squeezes jet fuel supply […]
Samsung Electronics expects record US$37.9b profit in Q1, 68pc sales surge amid AI boom
SEOUL, April 7 — Tech giant Samsung Electronics today estimated its first quarter profit had soared 755 per cent annually to a record high of 57.2 trillion won (RM150 billion), […]
Global tensions see ringgit flat against USD but firmer against other major currencies
KUALA LUMPUR, April 7 — The ringgit opened little changed against the US dollar but strengthened against major currencies today, as market sentiment remained cautious ahead of US President Donald […]
No deal — Sunway’s IJM takeover bid lapses after hitting 33pc roadblock
KUALA LUMPUR, April 7 — Sunway Bhd’s takeover offer for IJM Corporation Bhd has lapsed after failing to meet more than 50 per cent of the voting shares, said Maybank […]
Inside a Chinese factory’s survival story as Trump tariffs reshape global supply chains
DONGGUAN, April 7 — US President Donald Trump’s tariffs sought to hurt Chinese manufacturing, but for one electronics maker, a turbulent 2025 ended with a belief that China is a […]
Taiwan to ship oil from Saudi Red Sea ports
TAIPEI, April 6 — Taiwan will redirect ships to bring crude oil from Saudi Arabian Red Sea ports, the government said today, as it seeks to avoid the disruption in […]
Ringgit up vs USD on West Asia ceasefire hopes
KUALA LUMPUR, April 6 — The ringgit closed marginally higher against the US dollar today as optimism over a potential West Asia ceasefire improved risk appetite. At 6pm, the local […]
Bursa Malaysia ends lower, CI retreats 0.86pc on West Asia tensions
KUALA LUMPUR, April 6 — Bursa Malaysia ended lower today, with the benchmark index retreating by 0.86 per cent as concerns over escalating tensions in West Asia intensified. At 5pm, […]
Indonesia hikes aviation fuel surcharge, allows domestic ticket price rise amid Middle East tensions
JAKARTA, April 6 — Indonesia today announced a 28-percentage point rise in the surcharge on aviation fuel, and said it would allow airlines to raise the domestic ticket price, which […]