Newsfeed – Business News
Bursa Malaysia edges higher at open amid cautious regional sentiment and oil price dip
KUALA LUMPUR, June 10 — Bursa Malaysia edged up 0.04 per cent at the opening on Wednesday amid cautious global market sentiment, despite easing crude oil prices and the […]
Ringgit edges lower against greenback ahead of crucial US CPI report
KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the […]
Prabowo’s populist policies fuel Indonesia’s market ‘doom‑loop’ as rupiah, stocks plunge
Governance and policy uncertainty drive investors from Indonesia Rupiah is the world’s worst-performing currency vs USD this year Slide drives equity selling, risks ‘doom loop’ — investor SINGAPORE, June 10 […]
With Hormuz shut and Saudi oil rerouted, Iran‑aligned Houthi threats to Red Sea shipping hit harder in today’s market
SANAA, June 9 — Yemen’s Iran-aligned Houthis said yesterday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding […]
How retail investors — including in Malaysia — can buy shares in SpaceX’s blockbuster IPO
NEW YORK, June 9 — SpaceX’s long-awaited initial public offering, expected to fetch a US$1.75 trillion (RM7.11 trillion) valuation, has set off a frenzy among retail investors clamouring for a […]
GSK offers 40pc premium in US$10.6b bid for cancer drug developer Nuvalent
Deal values cancer drug developer Nuvalent at US$124 (RM503) per share That is a 40 per cent premium to the US-listed firm’s close yesterday GSK CEO Miels says deals expands […]
Ringgit among region’s top‑performing currencies on strong investment inflows, says Amir Hamzah
KUALA LUMPUR, June 9 — The ringgit remains among the best-performing currencies in the region this year, supported by strong investment inflows and Malaysia’s economic fundamentals despite heightened global uncertainties, […]
Tanco hits another limit-down, erasing nearly RM6b in market value
KUALA LUMPUR, June 9 — Tanco Holdings Bhd slid sharply again today, extending a four‑day sell‑off that has erased almost RM6 billion from the property developer’s market capitalisation. In a […]
Ringgit rises versus US dollar, most regional units as tensions ease in West Asia
KUALA LUMPUR, June 9 — The ringgit closed higher against the US dollar and was mostly stronger against regional currencies today, supported by improved market sentiment amid easing geopolitical tensions […]
Bursa Malaysia slips on cautious trade amid US inflation watch, Israel‑Iran uncertainty
KUALA LUMPUR, June 9 — Bursa Malaysia ended lower today as investors adopted a cautious stance amid external uncertainties, keeping a close watch on the upcoming United States inflation as […]