Newsfeed – Business News
EasyJet accepts fifth takeover bid from US firm Castlelake in £5.2b deal
LONDON, July 6 — British budget airline Easyjet has finally given in to the persistent courting of United States (US) investor Castlelake, when it agreed “in principle” to the firm’s […]
Ringgit steady at open as traders weigh US rate hike outlook
KUALA LUMPUR, July 6 — The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following […]
Bursa Malaysia opens higher as buying sentiment tracks Wall Street gains
KUALA LUMPUR, July 6 — Bursa Malaysia opened higher today, supported by improved investor sentiment, tracking Wall Street’s mostly positive performance last Friday. At 9.10am, the benchmark FTSE Bursa Malaysia […]
Why India is hunting for oil in its own backyard after the Gulf energy scare
NEW DELHI, July 5 — Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domestic crude exploration, its oil minister says. […]
Don’t punish compliant Malaysian manufacturers with blanket tariffs, FMM tells US
KUALA LUMPUR, July 5 — The Federation of Malaysian Manufacturing (FMM) has urged the United States (US) to adopt a balanced approach to its proposed Section 301 tariff action on […]
Struggling Continental to sell ContiTech in €4b deal as German auto supplier accelerates restructuring
FRANKFURT, July 4 — German auto supplier Continental announced today a €4-billion (RM18.7-billion) deal to sell a division to a US investment group, the latest move in a major restructuring. […]
Ringgit likely to stay in RM4.05-RM4.07 band ahead of key US and BNM policy signals
KUALA LUMPUR, July 4 — The ringgit is expected to trade between RM4.05 and RM4.07 against the US dollar next week, with market attention likely to centre on the United […]
Bursa Malaysia poised to extend uptrend, eyes 1,700 level next week
KUALA LUMPUR, July 4 — Bursa Malaysia’s benchmark index is expected to extend its recovery next week and test the psychological 1,700-point level, underpinned by Friday’s strong rebound and continued […]
Rohas Tecnic unit cleared as MACC concludes AMLA related investigation
KUALA LUMPUR, July 3 — Rohas Tecnic Bhd’s 86.8 per cent-owned unit, HG Power Transmission Sdn Bhd (HPGT), has received confirmation from the Malaysian Anti-Corruption Commission (MACC) that its investigation […]
Softer US jobs data helps ringgit finish trading week on stronger footing
KUALA LUMPUR, July 3 — The ringgit ended higher against the US dollar at the close of the trading week, supported by favourable Asian currency sentiment following the latest United […]