Newsfeed – Business News
Ringgit weakens against US dollar, major currencies ahead of Fed meeting
KUALA LUMPUR, Oct 22 —The ringgit closed lower against the greenback and other major currencies on Thursday as investors remained cautious ahead of next week’s two-day US Federal Open Market […]
Barclays to axe 5,000 jobs amid push to boost efficiency with AI
LONDON, Oct 22 — British bank Barclays on Thursday announced plans to cut around 5,000 jobs, or roughly five per cent of its global workforce, as it leans on artificial […]
Budget carrier ZIPAIR launches direct Narita-KL flights with Boeing 787 Dreamliners
KUALA LUMPUR, Oct 21 — Japanese budget carrier ZIPAIR has touched down at Kuala Lumpur International Airport (KLIA), inaugurating a daily direct service from Tokyo Narita that injects over 2,000 […]
Malaysia could fuel new revenue as regional marine-fuel hub, says industry expert
KUALA LUMPUR, Oct 22 — Malaysia could generate new sources of revenue by developing its marine-fuel industry and positioning itself as a regional hub for blending, storing and supplying fuel […]
Hong Kong stocks dive more than 3pc in tech rout
HONG KONG, Oct 22 — Hong Kong stocks tumbled more than three per cent Thursday as tech firms joined an Asia-wide selloff fuelled by growing worries about the AI investment […]
CIMB denies plans on privatising Indonesian unit CIMB Niaga
KUALA LUMPUR, Oct 22 — CIMB Group Holdings Bhd today denied plans to privatise its Indonesian banking subsidiary, PT Bank CIMB Niaga Tbk. In a statement, the group said it […]
Westports shares rise as nine-month net profit tops RM1b
KUALA LUMPUR, Oct 22 — Shares in Westports Holdings Bhd rose in early trading today after the port operator’s financial results for the first nine months of the financial year […]
Bursa Malaysia edges higher in cautious early trade
KUALA LUMPUR, Oct 22 — Trading in Bursa Malaysia was muted in the early trade on Thursday as investors stayed on the sidelines amid a lack of catalysts. At 9.15am, […]
eBay to cut 1,000 jobs, or 9pc of workforce, after earlier layoffs
NEW YORK, Oct 22 — US e-commerce platform eBay will cut some 1,000 jobs, or about nine per cent of its workforce, a spokesperson told AFP on Wednesday, following an […]
Meta offers Zuckerberg share deal to stay in California as billionaire tax vote looms
SAN FRANCISCO, Oct 22 — Meta CEO Mark Zuckerberg will get a new chunk of shares in the company he founded, and in return, he has agreed to stay in […]