Newsfeed – Business News
Jet fuel crisis to last months even with Strait of Hormuz reopening, IATA warns
SINGAPORE, April 8 — It will take months for jet fuel supplies and prices to normalise even with the Strait of Hormuz open, the head of the International Air Transport […]
Ringgit strengthens as markets react to two-week pause in US strikes on Iran
KUALA LUMPUR, April 8 — The ringgit strengthened to the 3.99 level against the US dollar, supported by improved market sentiment after US President Donald Trump announced a two-week […]
Oil prices plunge and stocks jump after US-Iran two-week ceasefire
SINGAPORE, April 8 — Oil prices dived, bonds rallied and stocks surged today after a two-week ceasefire in the Middle East spurred a relief rally as investors cheered the possible resumption […]
Thailand considers late-night petrol station closures as Middle East tensions drive shortages
BANGKOK, April 7 — Thailand is considering enforcing overnight closures of petrol stations beginning later this month, the prime minister said today, an effort to preserve fuel as the […]
Ringgit ends almost flat against US dollar amid West Asia tensions
KUALA LUMPUR, April 7 — The ringgit closed almost flat against the US dollar today as investors remained cautious amid the ongoing conflict in West Asia. At 6 pm, […]
Bursa Malaysia extends losses for fourth day as West Asia tensions keep investors cautious
KUALA LUMPUR, April 7 — Bursa Malaysia ended on a softer note, with the benchmarik index extending its decline to a fourth consecutive day, and falling by nearly 2.0 per […]
Media reports: Air India CEO Campbell Wilson resigns, no reason given
NEW DELHI, April 7 — The chief executive of Indian carrier Air India, Campbell Wilson, has resigned from his position, local media reported today. The reports did not specify the […]
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), […]