Newsfeed – Business News
SpaceX to begin trading in biggest IPO in history as Musk eyes trillionaire status
NEW YORK, June 12 — Elon Musk’s SpaceX yesterday confirmed it will begin trading on the Nasdaq exchange today in the biggest initial public offering in history, a blockbuster market debut that […]
Brace for impact: Malaysian retailers warn worst price increases still coming as US-Iran war festers
KUALA LUMPUR, June 12 — Malaysian consumers, already weathering months of relentless price hikes, face a sobering warning: the worst may yet be coming. According to the latest industry report […]
Malaysia set to benefit from World Cup 2026 through digital commerce and business activity, says Bank of America
KUALA LUMPUR, June 12 — Malaysia is set to gain from the Fifa World Cup 2026 competition starting this week in areas such as digital commerce, media consumption, payments, logistics and […]
Mercedes-Benz partners Tytan Technologies to develop drone defence platforms based on G-Class, Sprinter
BERLIN, June 11 — Mercedes-Benz has partnered with drone defence firm Tytan Technologies, the companies said Thursday, making it the latest German carmaker to expand in the defence sector as […]
Ringgit holds firm at RM4.06 even as US inflation hits three-year high
KUALA LUMPUR, June 11 — The ringgit ended slightly higher against the greenback and other major currencies on Thursday, shrugging off the impact of stronger-than-expected US inflation data for May. […]
Bursa Malaysia ends marginally higher on selective buying amid cautious sentiment
KUALA LUMPUR, June 11 — Bursa Malaysia ended marginally higher after trading within a narrow range, supported by selective buying that offset profit-taking activities. The mixed performance from regional equities, […]
Indonesia says economic pressures remain manageable despite rupiah slump
JAKARTA, June 11 — External and domestic pressures on Indonesia’s economy were “manageable”, the country’s deputy finance minister said Thursday, despite a rout of the rupiah that has forced the […]
China summons Pinduoduo, JD.com, Taobao and others over misleading ads
BEIJING, June 11 — Chinese e-commerce giants Pinduoduo and JD.com were among five major platforms summoned on Thursday for talks over misleading advertising, Beijing’s market watchdog said. Social media sites […]
Tanco shares crash 60pc in record one-day plunge, wiping nearly RM10b off market value
KUALA LUMPUR, June 12 — Tanco Holdings Bhd shares plunged 60 per cent on Thursday in their steepest one-day decline since the property developer was listed 39 years ago, […]
Malaysia natural rubber output falls 8.8pc in April, says DOSM
KUALA LUMPUR, June 11 — Malaysia’s natural rubber (NR) production decreased by 8.8 per cent to 18,515 tonnes in April 2026 from 20,310 tonnes in March 2026, according to the […]