Newsfeed – Business News
In China, German minister says economic relationship requires cooperation, competition
BERLIN, May 27 — German Economy Minister Katherina Reiche today in Beijing said a modern economic relationship requires both cooperation and competition. “Competition makes us stronger, cooperation creates stability and […]
‘Tank Day’ backlash wipes RM22m off Starbucks Korea weekly sales
SEOUL, May 27 — Starbucks Korea’s sales have taken a sharp hit after backlash over a promotional campaign accused of mocking one of South Korea’s darkest chapters in modern history, […]
Traders watch nervously as yen nears key 160 level against US dollar
TOKYO, May 27 — The yen hovered close to its May low versus the US dollar today, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed […]
Jensen Huang says Nvidia will pour US$150b a year into Taiwan, the ‘epicentre of the AI revolution’
TAIPEI, May 27 — Nvidia will increase investment in Taiwan to US$150 billion (RM600 billion) a year, the US chip giant’s boss said today, describing the export-driven island as the […]
Paramount’s US$110b Warner Bros takeover appears to clear major US hurdle
WASHINGTON, May 27 — US antitrust regulators appear ready to approve Paramount’s US$110 billion (RM440 billion) takeover of Warner Bros. Discovery, after a two-hour meeting at the Justice Department, Semafor […]
Nvidia supplier SK hynix becomes Asia’s latest US$1t tech giant
SEOUL, May 27 — The market value of South Korean memory chip maker SK hynix soared past US$1 trillion (RM4 trillion) today thanks to frenzied global demand for the computing […]
Asian markets wobble between AI frenzy and Iran war jitters
HONG KONG, May 27 — Asian equities were mixed today with gains driven by tech stocks and guarded optimism the United States and Iran will reach a peace deal. Negotiations […]
As IPO nears, Leopard tank maker KNDS rides Europe’s rearmament wave
FRANKFURT, May 27 — Franco-German tank and weapons maker KNDS reported booming earnings yesterday as it gears up to launch the latest initial public offering in the fast-growing defence sector. […]
BP sacks chairman Albert Manifold less than a year into role, shares slide
LONDON, May 27 — British oil giant BP unexpectedly removed Albert Manifold as chairman yesterday after less than one year in the role, citing “serious concerns” about governance standards, oversight […]
Fuel shock from Iran war pushes Bangladesh back to IMF negotiating table
WASHINGTON, May 27 — The International Monetary Fund said yesterday it was in negotiations with the Bangladeshi government for a new assistance programme at Dhaka’s request, as the South Asian […]