Newsfeed – Business News
Ringgit outperforms major currencies after weaker US consumption data cools Fed hike bets
KUALA LUMPUR, June 26 — The ringgit has continued to strengthen against the US dollar, other major currencies and Asean peers on Friday, shrugging off the impact of stronger-than-expected United […]
Asian markets sink again as AI tech sell-off deepens and global stocks slide
HONG KONG, June 26 — Seoul tanked again on Friday, leading another rout across Asian equity markets as the rollercoaster ride that has characterised the week rattled into the weekend. […]
Volkswagen weighs deep global job cuts and possible plant closures amid EV and China pressures
FRANKFURT, June 26 — Europe’s largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported Friday. Volkswagen […]
Bursa Malaysia edges higher as last-minute banking rebound lifts market into green zone
KUALA LUMPUR, June 26 — Bursa Malaysia reversed earlier losses to settle slightly higher on Friday, supported by a late rebound in banking stocks that lifted the benchmark index into […]
Samsung plans US$648b South Korea investment over decade to power AI chip boom
SEOUL, June 26 — Samsung Group will pledge on Monday 1,000 trillion won (US$648 billion) in South Korea over the next decade, a media report said, in a sweeping effort […]
Saudi Aramco resumes Gulf oil exports after nearly four-month halt
SINGAPORE, June 26 — Saudi Aramco resumed crude loadings on today at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data showed, as the world’s biggest […]
Malaysia trade growth hits RM327.6b driven by Penang, Johor as imports and exports climb in May
KUALA LUMPUR, June 26 — Malaysia’s total trade in May 2026 amounted to RM327.6 billion, with exports and imports valued at RM184.0 billion and RM143.6 billion, respectively, the Statistics Department […]
After 10,000 flight cancellations, Malaysia Airlines parent firm shifts focus to crisis-proofing business
SEPANG, June 26 — Malaysia Aviation Group (MAG) has identified investment in its workforce, business diversification and stakeholder collaboration as key to strengthening its resilience against recurring crises in the […]
India lifts LPG supply curbs as Strait of Hormuz trade recovers
NEW DELHI, June 26 — India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure […]
Ringgit opens softer despite easing Hormuz tensions
KUALA LUMPUR, June 26 — The ringgit opened marginally lower against the US dollar on Friday as stronger-than-expected US economic data boosted the greenback. On another front, the reopening of […]