Newsfeed – Business News
Ringgit opens higher against euro, pound, yen; slips vs greenback
KUALA LUMPUR, May 8 — The ringgit opened higher against most major currencies but eased versus the US dollar as investors remained cautious following renewed escalation in the West Asia […]
Bursa Malaysia opens marginally lower on cautious trade
KUALA LUMPUR, May 8 — Bursa Malaysia opened marginally lower today, as buying was interspersed with selling in selected heavyweight stocks due to uncertain geopolitical developments. At 9.10 am, the […]
Trump gives EU July 4 deadline to ratify trade deal or face ‘much higher’ tariffs
WASHINGTON, May 8 — President Donald Trump yesterday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after […]
Amazon Web Services says overheating at North Virginia data centre disrupts services
SAN FRANCISCO, May 8 — Amazon’s cloud unit, Amazon Web Services, said yesterday it was working to restore normal temperatures at a data centre in North Virginia after overheating disrupted […]
Google faces new £3b UK lawsuit over online display advertising
LONDON, May 8 — Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced yesterday, in the latest antitrust action against […]
US trade court rules Trump tariffs illegal, but limits block to two importers and Washington state
US trade court rules Trump tariffs illegal, but issues narrow block Court blocks tariffs on three importers Court denies states’ bid to block Trump tariffs broadly NEW YORK, May 8 […]
Chinese exporters expect only short‑term truce, ‘numb’ to US threats as Trump heads to Beijing
Trump plans to visit Beijing on May 14 and 15 US restrained by China’s supply chain leverage Tariffs slip from forefront of US-China rivalry Chinese exporters less responsive to Trump […]
SpaceX IPO hands Musk sweeping power, curbs shareholder rights with supervoting shares, forced arbitration, Texas law
Filing reveals strict limits on shareholder rights, including forced arbitration and supervoting shares Musk’s control enabled by Texas incorporation, bypassing many standard governance protections for investors Some investors and experts […]
Malaysia positions carbon market as strategic pillar to drive trade competitiveness, says Arthur Kurup
KUALA LUMPUR, May 7 — Malaysia is positioning the carbon market as a critical economic driver to bolster industrial competitiveness and meet its ambitious climate targets under the newly approved […]
Ringgit edges higher against US dollar, regional peers after BNM maintains OPR
KUALA LUMPUR, May 7 — The ringgit extended its gains today, closing firmer against major currencies and most regional peers following Bank Negara Malaysia’s (BNM) move to maintain the Overnight […]