Newsfeed – Business News
Bursa Malaysia rises on optimism over easing West Asia conflict
KUALA LUMPUR, April 2 — Bursa Malaysia opened higher today, buoyed by rising optimism that the West Asia conflict could ease soon, said an analyst. At 9.20 am, the FTSE […]
Ringgit strengthens against US dollar, major currencies on optimism over easing tensions
KUALA LUMPUR, April 2 — The ringgit opened higher against the US dollar and major currencies today, supported by optimism that geopolitical tensions may be easing, although the broader market […]
World Bank ‘extremely concerned’ over economic fallout of Iran conflict, warning of inflation, jobs and food security risks
WASHINGTON, April 2 — The World Bank is “extremely concerned” about the effect the war on Iran will have on inflation, jobs and food security, and is in talks with […]
Indian tile makers feel heat of Mideast war energy crunch
MORBI (India), April 1 — Blazing-hot kilns in India’s US$6.5 billion (RM26.2 billion) ceramics manufacturing hub employing hundreds of thousands of people have gone cold, shut down in an energy […]
Global factory costs surge as Iran war disrupts supply chains
LONDON, April 1 — Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine […]
Ringgit ends higher as hopes grow for US-Iran de-escalation
KUALA LUMPUR, April 1 — The ringgit extended earlier gains to end higher against the US dollar on Wednesday driven by renewed optimism among market traders following signs of possible […]
Bursa Malaysia climbs 1.10pc, KLCI breaks above 1,700 on improved sentiment
KUALA LUMPUR, April 1 — Bursa Malaysia closed higher on Wednesday, with the key index rising 1.10 per cent, in line with firm gains across regional markets following a strong […]
Aussie retailer Cotton On denies exiting Asia, confirms Malaysia and Singapore stores unaffected by holding company liquidation
KUALA LUMPUR, April 1 — Australian fashion and lifestyle retailer Cotton On has dismissed reports that it is exiting Asia, clarifying that the liquidation of one of its entities, Cotton […]
OpenAI raises US$122b, company now worth US$852b
SAN FRANCISCO, April 1 — OpenAI yesterday said that the startup was valued at US$852 billion (about RM3.44 trillion) in a freshly closed funding round that raised US$122 billion (about […]
Asian markets rally on optimism Middle East was could end soon
SINGAPORE, April 1 — Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session today on hopes of a de-escalation in the Iran conflict, […]