Newsfeed – Business News
Markets want answers: Cryptic Fed chair Warsh faces make-or-break Jackson Hole speech
WASHINGTON, Aug 27 — US Federal Reserve Chair Kevin Warsh will have to soothe investors frazzled by his cryptic communication style in a key speech tomorrow, analysts say, or risk […]
Pre-Merdeka cheer sends Malaysian stocks higher
KUALA LUMPUR, Aug 27 — Bursa Malaysia opened higher on Thursday, with investors positioning for potential pre-Merdeka buying interest ahead of the upcoming National Day celebrations. At 9.02am, the FTSE […]
US$16.7b and a social media curfew: Meta and US states agree landmark deal over teen harms
OAKLAND, Aug 27 — Meta agreed to pay a coalition of US states as much as US$16.7 billion (RM67.3 billion) and to impose sweeping new limits on how teenagers use […]
Nvidia’s AI cash machine rolls on with US$96.2b in quarterly revenue
SAN FRANCISCO, Aug 27 — AI juggernaut Nvidia yesterday reported quarterly revenue of US$96.2 billion (RM387.5 billion), more than double from a year earlier, as the world’s most valuable company […]
Wall Street slips as stubborn inflation keeps Fed outlook in focus
NEW YORK, Aug 27 — Wall Street stocks finished lower yesterday after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a […]
Ringgit opens slightly higher, with strong US data capping upside
KUALA LUMPUR, Aug 27 — The ringgit opened slightly higher against the US dollar on Thursday, supported by mild buying interest after recent gains, although a stronger greenback limited further […]
Ringgit ends higher against US dollar on softer Treasury yields ahead of Jackson Hole
KUALA LUMPUR, Aug 26 — The ringgit ended higher against the greenback on Wednesday, supported by softer US Treasury yields ahead of the US Federal Reserve’s (Fed) Jackson Hole symposium. […]
Bursa Malaysia ends higher on buying interest in YTL, banking counters
KUALA LUMPUR, Aug 26 — Bursa Malaysia ended higher on Wednesday, in line with most regional markets, as lower oil prices eased inflationary pressure and improved risk appetite, with buying […]
Mah Sing buys RM186m Ampang land for RM1.92b M Araya project
KUALA LUMPUR, Aug 26 — Mah Sing Group Bhd’s wholly owned subsidiary Capitol Avenue Development Sdn Bhd has entered into conditional sale and purchase agreements to acquire several parcels of […]
Humanoid robots are the ‘next frontier’ for Malaysia’s automotive suppliers, says deputy minister
KUALA LUMPUR, Aug 26 — Deputy Minister of Investment, Trade and Industry, Sim Tze Tzin, has urged the local automotive components sector, particularly manufacturers of critical parts, to venture into […]