Newsfeed – Business News
Oil extends gains, stocks drop as peace talk hopes fade
LONDON, April 24 — Oil prices extended gains today and stock markets largely declined as investors worried about a lack of progress in ending the Middle East crisis, with Tehran […]
TM revises dividend policy to minimum of 75pc of Patami, paid quarterly
KUALA LUMPUR, April 24 — Telekom Malaysia Bhd (TM) has revised its dividend policy to a minimum of 75 per cent of the group’s reported profit after tax and non-controlling […]
UMW Aerospace delivers first 100pc Malaysian-made rear fan case to Rolls-Royce
KULA LUMPUR, April 24 — Sime UMW’s aerospace unit UMW Aerospace has delivered its first 100 per cent Malaysian-made rear fan case to Rolls-Royce plc, marking a significant milestone in […]
Ringgit holds ground against US dollar at close, edges up against euro and pound
KUALA LUMPUR, April 24 — The ringgit closed higher against most major currencies on Friday, while remaining stable versus the US dollar. At 6pm, the ringgit was unchanged at 3.9630/9670 […]
Bursa Malaysia ends slightly lower as investors turn cautious ahead of weekend
KUALA LUMPUR, April 24 — Bursa Malaysia closed marginally lower in line with the weaker performance of regional peers as investors refrained from taking long positions ahead of the weekend. […]
After call from Beijing, China’s auto industry races to embed AI in just about everything
BEIJING, April 24 — It took China 25 years to dominate the market for electric vehicles. Now, the country’s auto industry is hurtling toward the next disruption: Embedding artificial intelligence […]
Musk says Tesla has started ‘robotaxi’ production
WASHINGTON, April 24 — Tesla’s much-touted autonomous “robotaxi”, called the Cybercab, has started production, CEO Elon Musk said today, a day after the carmaker reported first-quarter profits that beat expectations. […]
Italy set to become euro zone’s most indebted country, replacing Greece
ROME, April 24 — Greece will cease to be the euro zone’s most indebted country by the end of this year as its public debt will fall below Italy’s, according […]
US charges soldier who made US$400,000 betting on Maduro raid he helped plan
WASHINGTON, April 24 — A US soldier faces charges for using classified information to bet on online prediction markets related to the US operation to capture former Venezuelan president Nicolas […]
Bursa Malaysia defies Wall Street slump with early gains on heavyweight buying
KUALA LUMPUR, April 24 — Bursa Malaysia opened higher on Friday, lifted by buying in heavyweight stocks led by industrial products and utilities counters, despite weaker overnight performance on Wall […]