Newsfeed – Business News
Tokyo and Seoul stocks soar on hopes of diplomatic breakthrough with Iran
TOKYO, May 21 — Japan’s Nikkei index jumped more than 3 per cent in early Asian trade today after Iran said it was examining a new US proposal to end […]
AI frenzy powers Nvidia to fresh record RM323.1b quarterly revenue, soaring profits
SAN FRANCISCO, May 21 — Chip giant Nvidia yesterday posted record quarterly revenue of US$81.6 billion (RM323.1 billion), blowing past Wall Street forecasts as insatiable demand for its artificial intelligence […]
Malaysia is buying more EVs than ever — but what happens to the batteries later?
KUALA LUMPUR, May 21 — Rising global fuel prices and ongoing supply uncertainties are prompting more Malaysians to consider switching to electric vehicles (EVs), accelerating the country’s transition towards greener […]
Cooler oil prices give ringgit a lift in early trade
KUALA LUMPUR, May 21 — The ringgit opened firmer against the US dollar on Thursday, supported by easing geopolitical tensions in West Asia. At 8am, the local currency strengthened to […]
SpaceX wants a RM7t IPO valuation — Wall Street has questions
NEW YORK, May 21 — Elon Musk wants to take SpaceX public — and he’s asking investors to believe the rocket and AI company is worth almost US$1.75 trillion (RM7 […]
Rockets, robots and rage-posts: Mapping Elon Musk’s sprawling empire as SpaceX eyes blockbuster IPO
NEW YORK, May 20 — Elon Musk defines himself as an engineer trying to save humanity, while his critics call him a far-right showman who overpromises and underdelivers. Either way, […]
MAG expects jet fuel prices to stay at US$120-US$130 per barrel amid geopolitical tensions
KUALA LUMPUR, May 20 — Malaysia Aviation Group (MAG) expects jet fuel prices to hover between US$120 and US$130 per barrel over the next one year, based on current forward […]
Marks and Spencer forecasts return to profit growth after cyberattack hit annual earnings
LONDON, May 20 — British clothes-to-food retailer Marks and Spencer forecast Wednesday a return to profit growth as it recovers from a cyberattack that disrupted its online services last […]
Ringgit rises against US dollar on stronger trade data, record April exports despite global uncertainties
KUALA LUMPUR, May 20 — The ringgit firmed against the US dollar as market sentiment improved on the back of Malaysia’s trade performance, which rose 28.6 per cent year-on-year […]
Bursa Malaysia closes lower as weak global sentiment, geopolitical tensions weigh on investor confidence
KUALA LUMPUR, May 20 — Bursa Malaysia ended lower on Wednesday, as weakening global risk sentiment weighed on investor confidence, an economist said. At 5 pm, the FTSE Bursa Malaysia […]