Newsfeed – Business News
Westports sails past RM1b in quarterly revenue, profit surges 26pc
KUALA LUMPUR, Oct 21 — Westports Holdings Bhd’s net profit for the third quarter ended Sept 30, 2026 (3Q 2026) jumped 26 per cent to RM342.55 million from RM271.1 million […]
Oil, AI and a feud with Musk: India billionaire Mukesh Ambani’s Jio launches US$3.2b IPO
MUMBAI, Oct 21 — The digital arm of conglomerate Reliance Industries launched its potentially record-breaking IPO today, testing billionaire owner Mukesh Ambani’s digital ambitions after a turbulent year marked by […]
AI stocks roar back across Asia, lifting Seoul and Tokyo markets
HONG KONG, Oct 21 — Asian markets rallied today as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial […]
ECRL pitches 90-container freight trains to take cargo off Malaysian highways
KUALA LUMPUR, Oct 21 — The East Coast Rail Link (ECRL) could remove up to 90 container trucks from the road with every freight train, supporting Malaysia’s shift towards rail-based […]
KLCI holds above 1,600 in early trade amid subdued market activity
KUALA LUMPUR, Oct 21 — Bursa Malaysia opened higher on Wednesday, tracking Wall Street’s positive overnight performance. At 9.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.68 points, […]
BBC axes 100-plus news jobs, pulls plug on two TV channels in £500m savings drive
LONDON, Oct 21 — The BBC announced more than 100 job cuts and the closure of two channels yesterday as the cash-strapped UK broadcaster aims to save £500 million (RM2.7 […]
Two Musk empires, one company? Billionaire backs SpaceX-Tesla merger
WASHINGTON, Oct 21 — Elon Musk said yesterday he would back a merger of SpaceX and Tesla, as his rocket and AI company reported its first quarterly profit since going […]
Wall Street rises as oil retreats, but AI jitters keep tech stocks in check
NEW YORK, Oct 21 — Wall Street stocks mostly rose yesterday, greeting a pullback in oil prices as investors steered funds towards industrial equities amid lingering caution over artificial intelligence […]
Six years late, but cleared for take-off: Boeing’s 737 MAX 10 gets US green light
NEW YORK, Oct 21 — US officials gave final approval yesterday to the Boeing 737 MAX 10, certifying the latest long-delayed version of the popular single-aisle aircraft. The Federal Aviation […]
Ringgit opens firmer on robust exports, GDP growth and softer US dollar
KUALA LUMPUR, Oct 21 — The ringgit opened higher against the US dollar on Wednesday, supported by strong domestic economic data that strengthened expectations of a possible normalisation of the […]