Newsfeed – Business News
Nasdaq caps strongest quarter since 2020 as AI optimism outweighs inflation fears
NEW YORK, July 1 — The tech-rich Nasdaq capped its best quarter in six years yesterday, rising with other US indices as bullishness over artificial intelligence overcame worries over geopolitics […]
Asian markets mixed as yen hovers near four‑decade lows, US jobs data in focus
HONG KONG, July 1 — Asian stocks were mixed today as investors nervously awaited key US jobs data that could help determine the Federal Reserve’s next interest rate decision, while […]
Bursa Malaysia starts second half of 2026 firmer as US-Iran talks lift sentiment
KUALA LUMPUR, July 1 — Bursa Malaysia kicked off the second half of 2026 on a positive note, buoyed by stronger overnight gains on Wall Street and improving market sentiment […]
Ringgit opens higher against dollar as US consumer confidence dips below expectations
KUALA LUMPUR, July 1 — The ringgit was firmer against the US dollar in the early session, supported by weaker-than-expected US consumer confidence data that weighed on the greenback. Meanwhile, […]
Six billion parcels and counting: A guide to the EU’s RM14 duty on cheap Chinese imports
BRUSSELS, July 1 — The European Union will slap a three-euro (RM14) duty on cheap parcels entering the 27-nation bloc on Wednesday to stem a surge in low-value packages, mainly […]
Air travel demand drops 2.2pc in May 2026: IATA reveals mixed regional trends
KUALA LUMPUR, June 30 —Total air passenger demand, measured in revenue passenger kilometres (RPK), declined 2.2 per cent year-on-year (y-o-y) in May 2026, according to the International Air Transport Association […]
Ringgit slides as cautious markets await key US economic data
KUALA LUMPUR, June 30 — The ringgit closed lower against the US dollar today as market participants stayed cautious ahead of key United States economic data due later tonight. At 6pm, […]
Public Mutual declares over RM96m in distributions for five funds
KUALA LUMPUR, June 30 — Public Mutual, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM96 million for five funds for the financial year […]
China says it is not ‘root cause’ of EU’s economic woes after trade talks
BEIJING, June 30 — China’s foreign ministry said today that the country is not the “root cause” of issues facing the European Union’s economy, following talks in Brussels aimed at […]
Petronas unlocks over one billion barrels with latest Suriname discoveries
KUALA LUMPUR, June 30 — Petroliam Nasional Bhd (Petronas), through its wholly-owned subsidiary Petronas Suriname E&P B.V. (PSEPBV), has recorded two discoveries and achieved a successful appraisal in Suriname’s offshore […]