Newsfeed – Business News
Hong Kong stock exchange posts record quarterly profit as IPO boom continues
HONG KONG, April 29 — Hong Kong’s stock exchange posted a record quarterly profit in the first three months of 2026, its operator said Wednesday, as the finance hub remains […]
Ringgit closes higher against US dollar, regional currencies on easing oil concerns
KUALA LUMPUR, April 29 — The ringgit closed higher against the US dollar and regional currencies, due to easing crude oil concerns following the United Arab Emirates’ (UAE) exit from […]
Bursa Malaysia ends lower as oil-related counters drag market amid profit-taking
KUALA LUMPUR, April 29 — Bursa Malaysia ended on a softer note today, as investors took profit in oil-related counters following news of the United Arab Emirates’ (UAE) decision to […]
Asia markets rebound as focus shifts to Fed decision and tech earnings
SINGAPORE, April 29 — Markets found their footing in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector eased, optimism over corporate earnings […]
Malaysia’s inflation eases to 1.4pc in 2025 as ringgit’s strength, BUDI95 help
KUALA LUMPUR, April 29 — Malaysia’s inflation moderated to 1.4 per cent in 2025 as compared to 1.8 per cent in the previous year, supported by the firmer ringgit, sustained […]
Big Four firm KPMG quits US government auditing business, redeploys 450 staff
WASHINGTON, April 29 — Big Four firm KPMG is shutting its federal government audit business and will redeploy more than 450 US staff after losing a US$60 million-a-year contract […]
Pernod Ricard ends talks to buy Jack Daniel’s owner Brown-Forman
PARIS, April 29 — French drinks giant Pernod Ricard said Tuesday that talks to buy Brown-Forman, the US owner of Jack Daniel’s whiskey, had ended without a deal. The companies […]
Powell’s last stand? US Fed chair prepares for possibly final press conference after surviving Trump
WASHINGTON, April 29 — The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a key policy meeting, likely the last chaired by central bank […]
Why the UAE is leaving Opec: The US$150b conflict with Saudi Arabia that will reshape energy markets
LONDON, April 29 — Opec and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but […]
Thailand courts Singapore for ‘land bridge’ to rival Malacca Strait amid Hormuz crisis
BANGKOK, April 29 — The closure of the Strait of Hormuz has given Thailand impetus to advance a longstanding plan to create a logistics link between the Indian and Pacific oceans, […]