Newsfeed – Business News
Ringgit closes lower amid cautious sentiment over China data, FOMC minutes
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market. This came on the back of […]
Pos Malaysia narrows 1Q net loss to RM19.54m as revenue rises 7.3pc
KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss […]
Bursa Malaysia sinks to intraday low as regional risk-off mood drags market down
KUALA LUMPUR, May 18 — Bursa Malaysia ended at its intraday low on Monday, in line with the broader regional risk-off tone as selling pressure spread across key index heavyweights, […]
G7 finance chiefs scramble for unity as war and tariffs shake global economy
PARIS, May 18 — Finance chiefs from the G7 industrialised nations gather in Paris on Monday for two days of talks aimed at forging a united front as the Middle […]
Thailand economy grows 2.8pc as tourism and spending lift outlook
BANGKOK, May 18 — Thailand’s economy grew 2.8 per cent in the first quarter from a year earlier, official data showed Monday, despite the global economic turmoil caused by the […]
Ikea franchiser axes 850 jobs as shoppers cut spending and costs keep climbing
LONDON, May 18 — Inter Ikea, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls […]
Trump says he should have pushed for larger Intel stake as US position tops US$50b
WASHINGTON, May 18 — US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government, in an interview with […]
Global stocks slide as Gulf attacks drive oil prices and inflation fears higher
Nikkei slips, S&P futures down ahead of Nvidia results China economic data disappoints, consumers not buying Oil prices gain on reports of drone attacks in Gulf Mounting inflation concerns keep […]
Iran war saddles global companies with US$25b bill — and counting
Companies face higher costs, supply disruptions, and operational changes Airlines, automakers, and other companies warn of profit hits Extra costs not yet showing up in earnings, analysts say Europe and […]
Shell Malaysia expands Port Klang fuel terminal to boost supply reliability
KUALA LUMPUR, May 18 — Shell Malaysia Trading Sdn Bhd (SMT) has announced the expansion of the Shell Westport Fuels Terminal, which will introduce new import infrastructure, comprising three additional […]