Newsfeed – Business News
Ringgit opens nearly unchanged against USD but West Asia crisis could see it dip
KUALA LUMPUR, May 5 — The ringgit opened nearly unchanged against the US dollar from yesterday’s close as markets await the latest decision by Bank Negara Malaysia’s (BNM) Monetary Policy […]
Ringgit at RM3.95 to USD as Strait of Hormuz assurances buoy sentiments
KUALA LUMPUR, May 4 — The ringgit strengthened against regional peers at the close as investors’ risk appetite improved, underpinned by growing confidence in safe passage through the Strait of […]
Bursa Malaysia closes at intraday high on broad-based buying, improved sentiment
KUALA LUMPUR, May 4 — Bursa Malaysia ended at an intraday high on broad-based buying, reflecting improving sentiment on the local front, analysts said. Rakuten Trade Sdn Bhd vice-president of […]
UAE minister says currency swap line with US ‘under discussion’, denies rumours of bailout
ABU DHABI, May 4 — The UAE’s foreign trade minister confirmed today that his country was discussing a currency swap line with the United States, but denied seeking a bailout. […]
UAE says OPEC exit ‘not directed against anyone’, cites shift to national priorities
ABU DHABI, May 4 — The UAE’s shock decision to leave Saudi-dominated Opec was not targeted at anyone, the UAE minister who heads the state oil giant said today. The […]
OpenAI co-founder Brockman takes the stand Elon Musk lawsuit enters week two
OAKLAND, May 4 — Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI’s co-founders will testify Monday in the California lawsuit brought by the world’s richest man […]
GameStop makes US$55.5b takeover bid for eBay to challenge Amazon
NEW YORK, May 4 — US video game retailer GameStop made a takeover bid yesterday to buy eBay for about US$55.5 billion (RM220 billion) in an attempt to turn the online […]
Bursa Malaysia opens higher on foreign inflows, IMF outlook
KUALA LUMPUR, May 4 — Bursa Malaysia opened higher on the first trading day of May, supported by continued net foreign inflows and bolstered by the International Monetary Fund’s (IMF) […]
Middle East conflict triggers stockpiling frenzy, pushing Malaysia’s manufacturing PMI to four-year high
KUALA LUMPUR, May 4 — Malaysia’s manufacturing sector recorded its strongest performance in four years this April, but economists warn the surge is largely driven by businesses frantically stockpiling goods […]
Ringgit starts May stronger ahead of BNM rate decision and key US jobs report
KUALA LUMPUR, May 4 — The ringgit opened higher against the US dollar on the first trading day of May, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee […]