Newsfeed – Business News
Ringgit weakens against US dollar, mixed against other major currencies
KUALA LUMPUR, Sept 2 —The ringgit continued to trade lower against the US dollar on Wednesday but strengthened against the British pound and the euro amid rising global bond yields […]
Bursa Malaysia ends higher on bargain hunting ahead of Bank Negara rate decision
KUALA LUMPUR, Sept 2 — Bursa Malaysia ended higher today on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision tomorrow. At […]
Malaysia’s OGSE sector must go global to stay competitive, says Malaysia Petroleum Resources Corporation
KUALA LUMPUR, Sept 2 — Malaysia’s oil and gas services and equipment (OGSE) sector must evolve from being capable suppliers into globally competitive players, said the Malaysia Petroleum Resources Corporation […]
AirAsia expands Europe network with Turkiye’s Pegasus Airlines codeshare via Istanbul
KUALA LUMPUR, Sept 2 — AirAsia has launched its first codeshare partnership with Turkiye’s low-cost carrier (LCC), Pegasus Airlines, connecting Southeast Asia and Europe via Istanbul. The partnership will progressively […]
BP appoints new chairman after predecessor ousted over governance concerns
LONDON, Sept 2 — British oil giant BP on Wednesday made Ian Tyler its permanent chairman after he stepped into the role following the sudden removal of Albert Manifold over […]
Nestlé to sell vitamins business to private equity firm for US$1b
ZURICH, Sept 2 — Nestlé on Tuesday said it has agreed to divest its mainstream Vitamins, Minerals and Supplements (VMS) business, the Holistic Health portfolio, to private equity firm Yellow […]
G20 finance chiefs wrap talks with US defending Russia’s participation
ASHEVILLE (United States), Sept 2 — G20 finance leaders closed their two-day gathering on Tuesday with a statement that all but China backed in full, as Washington insisted that the […]
Stocks tumble as oil spikes, bond yields hit multi-decade highs on Mideast flare-up
HONG KONG,Sept 2 — Stocks fell and bond yields held at multi-decade highs as investors ramp up rate hike bets amid a fresh flare-up in Middle East tensions that has […]
Bursa pares gains as Wall Street weakness, higher oil prices weigh
KUALA LUMPUR, Sept 2 — Bursa Malaysia opened slightly higher on Wednesday but pared its gains soon after, tracking Wall Street’s overnight weakness as higher crude oil prices and rising […]
Zuckerberg, Musk push for more AI data centres at G20, warn of power crunch
CHAPEL HILL (United States), Sept 2 — Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and the electric power needed to support them […]