Newsfeed – Business News
China’s factory activity returns to growth in June despite global headwinds
BEIJING, June 30 — China’s factory activity picked up this month, official data showed today, providing a much-needed boost to authorities as Beijing battles to kickstart the domestic economy. The […]
Tokyo vows ‘appropriate action’ as yen tumbles to weakest level since 1986
TOKYO, June 30 — Japan’s finance minister said today that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar. The currency has […]
Bursa opens slightly higher as Wall Street gains lift sentiment
KUALA LUMPUR, June 30 — Bursa Malaysia opened marginally higher on Tuesday, tracking Wall Street’s overnight gains as investor sentiment was lifted by the continued pause in military strikes between […]
EU tells China trade status quo ‘not an option’ after talks
BRUSSELS, June 30 — Europe and China vowed yesterday to tackle their trade frictions through dialogue despite the EU warning the status quo was not an option, following all-day talks […]
ECB chief Lagarde says eurozone more ‘resilient’ to geopolitical shocks
FRANKFURT, June 30 — The eurozone will face more frequent geopolitical shocks but growing “resilience” means it is better placed to cope, European Central Bank President Christine Lagarde said yesterday. […]
Ringgit gains against US dollar in early trade ahead of key US economic data
KUALA LUMPUR, June 30 — The ringgit was higher against the US dollar in the early session today, tracking a weaker US dollar index (DXY) as traders positioned ahead of […]
Tech rebound lifts Dow to record, yen hits 40-year low against dollar
NEW YORK, June 30 — Resurgent tech stocks helped lift the Dow to a fresh record yesterday as oil prices advanced and the yen retreated to a 40-year low against […]
Project eyes Zimbabwe’s first gas-to-power production
JOHANNESBURG, June 30 — An Australian energy group that has made significant gas discoveries in Zimbabwe is setting up a pilot project for the country’s first own gas-to-power supply that […]
Fruitful: Pineapple cultivation in Melaka has expanded 142pc since 2021
MELAKA, June 29 — The pineapple industry in Melaka has recorded a more than 142 per cent increase in cultivated area, reaching 125.7 hectares over the past five years since […]
Ringgit outperforms regional peers on improving market mood
KUALA LUMPUR, June 29 — The ringgit strengthened against major and regional currencies, supported by lower crude oil prices, which helped improve risk sentiment amid ongoing United States-Iran peace negotiations. […]