Newsfeed – Business News
Bursa Malaysia set for range-bound trade next week as investors eye global cues
KUALA LUMPUR, April 25 — Bursa Malaysia’s key index is likely to move sideways within the 1,700–1,730 range next week, said Rakuten Trade Sdn Bhd vice-president of equity research Thong […]
EU and US strike critical minerals pact to reduce reliance on China
WASHINGTON, April 25 — The European Union and United States signed an agreement yesterday to coordinate on the supply of critical minerals needed for key industries including defence, as China’s […]
Wall Street hits record highs as earnings lift sentiment and US-Iran talks loom
NEW YORK, April 25 — Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan […]
Oil extends gains, stocks drop as peace talk hopes fade
LONDON, April 24 — Oil prices extended gains today and stock markets largely declined as investors worried about a lack of progress in ending the Middle East crisis, with Tehran […]
TM revises dividend policy to minimum of 75pc of Patami, paid quarterly
KUALA LUMPUR, April 24 — Telekom Malaysia Bhd (TM) has revised its dividend policy to a minimum of 75 per cent of the group’s reported profit after tax and non-controlling […]
UMW Aerospace delivers first 100pc Malaysian-made rear fan case to Rolls-Royce
KULA LUMPUR, April 24 — Sime UMW’s aerospace unit UMW Aerospace has delivered its first 100 per cent Malaysian-made rear fan case to Rolls-Royce plc, marking a significant milestone in […]
Ringgit holds ground against US dollar at close, edges up against euro and pound
KUALA LUMPUR, April 24 — The ringgit closed higher against most major currencies on Friday, while remaining stable versus the US dollar. At 6pm, the ringgit was unchanged at 3.9630/9670 […]
Bursa Malaysia ends slightly lower as investors turn cautious ahead of weekend
KUALA LUMPUR, April 24 — Bursa Malaysia closed marginally lower in line with the weaker performance of regional peers as investors refrained from taking long positions ahead of the weekend. […]
After call from Beijing, China’s auto industry races to embed AI in just about everything
BEIJING, April 24 — It took China 25 years to dominate the market for electric vehicles. Now, the country’s auto industry is hurtling toward the next disruption: Embedding artificial intelligence […]
Musk says Tesla has started ‘robotaxi’ production
WASHINGTON, April 24 — Tesla’s much-touted autonomous “robotaxi”, called the Cybercab, has started production, CEO Elon Musk said today, a day after the carmaker reported first-quarter profits that beat expectations. […]