Newsfeed – Business News
US Fed set to hold rates steady as Warsh faces first test amid inflation fears and Trump pressure
WASHINGTON, June 17 — The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh’s first meeting in charge of the central bank, with rate […]
Airbus confirms cancellation of AirAsia X order for 15 A330-900 jets
KUALA LUMPUR, June 17 — Airbus has confirmed that AirAsia X’s order for 15 Airbus A330-900 aircraft has been cancelled by mutual agreement between the two parties. “Airbus can confirm […]
BMW slashes 2026 outlook as West Asia war shock and China slump batter profits
FRANKFURT, June 17 — German carmaker BMW downgraded its 2026 targets Tuesday due to turmoil from the Middle East war and worsening business in key market China, and vowed to […]
Strait of Hormuz reopens, but the Gulf energy industry will never be the same
PARIS, June 17 — Oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal […]
KPMG, PwC, Deloitte, EY: Australia’s biggest accounting firms keep making headlines for the wrong reasons
SYDNEY, June 16 — KPMG’s audit-leak scandal is set to further dampen the prospects in Australia of the Big Four accounting firms, with data showing their new business revenue from […]
Ringgit weakens versus greenback after Bank of Japan raises interest rates
KUALA LUMPUR, June 16 —The ringgit closed lower against the US dollar today as investors remained cautious following the Bank of Japan’s (BOJ) decision to raise interest rates. At 6 […]
Bank of Japan lifts rates to 31‑year high as Middle East war fuels inflation fears
TOKYO, June 16 — The Bank of Japan hiked interest rates to a 31-year high on Tuesday as it battles inflation caused by the Middle East war — even after […]
TikTok Shop helping to reshape digital commerce in Malaysia, says MDEC
KUALA LUMPUR, June 16 — Platforms that foster innovation, inclusion, and sustainable growth, such as TikTok, support Malaysia’s efforts in building a digitally driven society, said the Malaysia Digital Economy […]
IMF chief hails US‑Iran ceasefire in Washington but warns energy recovery will take time
WASHINGTON, June 16 — The International Monetary Fund chief on Monday welcomed the ceasefire agreement between the United States and Iran, but warned it would take time for energy and […]
Demand explodes as SpaceX IPO tops US$85b, Musk’s valuation leaps into science‑fiction territory
NEW YORK, June 16 — SpaceX shares shot higher Monday as the company said it raised a record-breaking US$85.7 billion. The completed sale cements SpaceX’s stellar debut on Wall Street, […]