Newsfeed – Business News
Ringgit trading range-bound at 4.1450 before critical US inflation report
KUALA LUMPUR, June 24 — The ringgit opened easier against the US dollar this morning and is expected to remain range-bound ahead of the United States’ Personal Consumption Expenditures (PCE) […]
Australia’s tax overhaul chills nation’s long love affair with property
SYDNEY, June 24 — Just a short stroll from Sydney’s famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that boasts five bedrooms and […]
Bursa Malaysia extends decline amid persistent uncertainties
KUALA LUMPUR, June 23 — Bursa Malaysia extended its losses today as investors remained on the sidelines amid persistent uncertainties and the absence of significant market catalysts, an analyst said. […]
Ringgit edges up as US Fed next move under scrutiny
KUALA LUMPUR, June 23 — The ringgit rebounded from yesterday’s losses to end higher against the US dollar and Asean currencies, and was mostly firmer against other major currencies today […]
Can Jakarta dodge a devastating downgrade? MSCI set to decide Indonesia’s emerging markets status today
SINGAPORE, June 23 — Global index provider MSCI is poised to decide on Tuesday on whether Indonesia retains its emerging markets status or edges towards a downgrade, a move that […]
Meta bets on Indian startup head Kunal Shah to take charge of WhatsApp
MUMBAI, June 23 — Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app’s […]
SpaceX stock craters, hundreds of billions wiped out as AI scepticism hits Wall Street
HONG KONG, June 23 — Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that […]
Ringgit up versus the dollar as US-Iran sanctions waiver and fiscal reforms drive gains
KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said. At 8 am, the […]
Oil slides as sanctions waiver begins under US-Iran peace talks
NEW YORK, June 23 — Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated […]
India may need to import sugar as El Niño and ethanol demand keep exports off the market for years
El Nino threatens lowest rainfall in 11 years Farmers switch from cane to less water-intensive crops India expands ethanol use despite tighter cane supplies Former top exporter may import amid […]