Newsfeed – Business News
Ringgit ends higher on weaker US dollar, firmer oil
KUALA LUMPUR, July 7 — The ringgit closed higher against the US dollar today, tracking gains in regional currencies as a weaker greenback and firmer crude oil prices lifted sentiment, […]
BNM expected to hold OPR steady at 2.75pc amid resilient exports, say economists
KUALA LUMPUR, July 7 — Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported […]
Bursa Malaysia dips on mild profit‑taking, regional softnes
KUALA LUMPUR, July 7 — Bursa Malaysia ended marginally lower today as investors engaged in mild profit-taking following the recent rebound in the local market, in line with softer performances […]
Tamco to assemble Hoymiles Battery Energy Storage Solutions in Shah Alam
KUALA LUMPUR, July 7 — Local power infrastructure solutions provider Tamco Switchgear will soon begin the assembly of Hoymiles Battery Energy Storage System (BESS) solutions at its facility at Shah […]
Taiwan’s Evergreen Marine directors grilled over alleged insider trading
TAIPEI, July 7 — Three directors on shipping giant Evergreen Marine Corp’s board are among nine people suspected of insider trading, a Taiwanese prosecutor said today. Investigators questioned the suspects yesterday […]
Lynas partners with South Korea’s JS Link for RM142m magnet factory near Gebeng refinery
KUALA LUMPUR, July 7 — Australian rare earths company Lynas said Tuesday it has partnered with South Korea’s JS Link to build a permanent magnet factory in eastern Malaysia, a […]
Microsoft slashes 4,800 Xbox-related jobs in global cost-cutting drive
WASHINGTON, July 7 — Microsoft said yesterday it was eliminating about 4,800 jobs — roughly two percent of its global workforce — in a cost-cutting move that will deliver a […]
Ringgit opens slightly higher against US dollar amid focus on Fed outlook
KUALA LUMPUR, July 7 — The ringgit opened slightly higher against the US dollar today amid continued focus on the United States (US) Federal Reserve’s (Fed) interest rate outlook. However, […]
Samsung expects 1,800pc leap in quarterly operating profit on AI boom
SEOUL, July 7 — South Korean technology giant Samsung Electronics forecast today a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory […]
Ringgit ends lower as investors shift back to US dollar
KUALA LUMPUR, July 6 — The ringgit closed lower against the US dollar today as investors returned to the greenback following its recent pullback after a weaker-than-expected US June employment […]