Newsfeed – Business News
Ringgit ends mostly higher but weakens against US dollar on rate hike fears
KUALA LUMPUR, Nov 11 — The ringgit ended mostly higher on Wednesday against major and regional currencies but eased against the greenback amid renewed expectations of a hike in US […]
Cathay Pacific orders 11 Airbus jets with US$5.1b list price
HONG KONG, Nov 11 — Cathay Pacific has ordered 11 more Airbus jets with a list price of US$5.1 billion (RM20.8 billion), the Hong Kong airline said Wednesday. The 11 […]
Bursa Malaysia falls 0.55pc as banking heavyweights drag down key index
KUALA LUMPUR, Nov 11 — Bursa Malaysia’s key index extended its decline to close lower on Wednesday as persistent selling weighed on banking heavyweights, said an analyst. At 5pm, […]
Malaysia’s economy resilient despite global risks, World Bank calls for decisive reforms
KUALA LUMPUR, Nov 11 — Malaysia’s economic outlook for the second half of 2026 (2H 2026) is expected to remain positive, with domestic demand continued to be supported by employment […]
Claude maker Anthropic’s US$64b stock market gamble tests Wall Street’s faith in AI boom
NEW YORK, Nov 11 — Anthropic plans to raise up to US$64 billion (RM260.8 billion) in its upcoming initial public offering, the artificial intelligence giant said in a filing yesterday, […]
TNB puts grid first in RM43b modernisation push to power Malaysia’s economic growth
KUALA LUMPUR, Nov 11 — Tenaga Nasional Bhd has given top priority to strengthening the national grid, fully recognising that grid readiness is crucial to ensuring Malaysia’s economic certainty and […]
Jensen Huang’s ‘spy’ affair helped funnel US$7.5b in Nvidia chips to China, report claims
BEIJING, Nov 11 — Nvidia chief executive Jensen Huang’s relationship with a Chinese businesswoman suspected by US authorities of having links to Beijing’s intelligence services helped facilitate at least US$7.5 […]
Asian markets split between AI revival and fears of bigger Fed rate hike
HONG KONG, Nov 11 — Asian stocks diverged today as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest […]
KLCI slips at opening bell after hot US inflation fuels rate hike fears
KUALA LUMPUR, Nov 11 — Bursa Malaysia opened lower on Wednesday, tracking US Wall Street’s decline after US October inflation data heightened concerns over inflationary pressures. At 9.10am, the FTSE […]
Food prices push US inflation above forecasts, increasing pressure on Fed
NEW YORK, Nov 11 — US inflation data released yesterday slowed slightly in October but still overshot analyst estimates, raising expectations for further Federal Reserve interest rate hikes. The consumer […]