Newsfeed – Business News
Thailand economy grows 2.8pc as tourism and spending lift outlook
BANGKOK, May 18 — Thailand’s economy grew 2.8 per cent in the first quarter from a year earlier, official data showed Monday, despite the global economic turmoil caused by the […]
Ikea franchiser axes 850 jobs as shoppers cut spending and costs keep climbing
LONDON, May 18 — Inter Ikea, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls […]
Trump says he should have pushed for larger Intel stake as US position tops US$50b
WASHINGTON, May 18 — US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government, in an interview with […]
Global stocks slide as Gulf attacks drive oil prices and inflation fears higher
Nikkei slips, S&P futures down ahead of Nvidia results China economic data disappoints, consumers not buying Oil prices gain on reports of drone attacks in Gulf Mounting inflation concerns keep […]
Iran war saddles global companies with US$25b bill — and counting
Companies face higher costs, supply disruptions, and operational changes Airlines, automakers, and other companies warn of profit hits Extra costs not yet showing up in earnings, analysts say Europe and […]
Shell Malaysia expands Port Klang fuel terminal to boost supply reliability
KUALA LUMPUR, May 18 — Shell Malaysia Trading Sdn Bhd (SMT) has announced the expansion of the Shell Westport Fuels Terminal, which will introduce new import infrastructure, comprising three additional […]
Samsung Electronics, workers hold last-ditch talks to avert massive strike threatening global supply chains
Court orders union to maintain normal production during any strike; shares jump 6.7pc Government officials warn that a strike could threaten economic growth and exports Union rejects pressure for arbitration, […]
Bursa Malaysia opens higher after stronger-than-expected GDP growth
KUALA LUMPUR, May 18 — Bursa Malaysia opened higher today following Malaysia’s stronger-than-expected first quarter of 2026 (1Q 2026) gross domestic product (GDP) which expanded by 5.4 per cent, surpassing […]
Ringgit opens slightly higher against US dollar amid cautious market sentiment
KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar on Monday although cautious sentiment persisted amid escalating geopolitical tensions in West Asia. At 8am, the […]
What it actually takes for companies like OpenAI and SpaceX to go public
NEW YORK, May 17 — Hundreds of companies raised a combined US$70 billion (RM280 billion) by selling shares to the public in the United States last year. But 2026 could shatter […]