Newsfeed – Business News
Bursa Malaysia ends higher as attractive valuations spur blue‑chip gains despite subdued trading activity
KUALA LUMPUR, June 12 — Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility […]
Elon Musk becomes world’s first trillionaire as SpaceX IPO boosts fortune
NEW YORK, June 12— Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in […]
Ringgit opens higher as easing Iran tensions and softer US dollar lift sentiment
KUALA LUMPUR, June 12 — The ringgit opened higher against the US dollar and was mostly firmer against regional peers on Friday amid easing geopolitical tensions in West Asia, […]
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 […]