Newsfeed – Business News
‘Is the whole barrel rotten?’ Australian lawmakers, grilling KPMG, suggest more regulation of audit industry may be needed
Lawmakers question efficacy of partnership structure KPMG lambasted for treatment of whistleblower Former CEO says KPMG didn’t ‘get it right’ and ‘we’re fallible’ SYDNEY, June 19 — Australian lawmakers today […]
Malaysia’s inflation up 2pc in May as information, food and housing groups record gains, says DOSM
KUALA LUMPUR, June 19 — Malaysia’s inflation increased 2.0 per cent in May 2026 with the index points rising to 137.1 from 134.4 versus a year ago, said the Statistics […]
US probes Germany over pharma pricing policies in move that could lead to new tariffs
WASHINGTON, June 19 — The United States yesterday started an investigation into Germany over its pharmaceutical pricing policies and other practices, in a move that could lead to fresh tariffs. […]
DOSM: Malaysia’s May trade jumps 29.8pc to RM327.6b; Jan-May total hits record RM1.5t
KUALA LUMPUR, June 19 — Malaysia’s total trade in May 2026 rose by 29.8 per cent year-on-year to RM327.6 billion from RM252.5 billion a year ago, driven by stronger growth […]
US tells ASML it is concerned one of its chipmaking tools may be in China, Bloomberg News reports
WASHINGTON, June 19 — US Commerce Secretary Howard Lutnick has told ASML that Washington is concerned that one of its top chipmaking machines may have found its way to China […]
Bursa Malaysia slips at open as profit‑taking hits heavyweights after Fed signals caution
KUALA LUMPUR, June 19 — Bursa Malaysia opened lower today as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street. At 9.15 am, […]
Ringgit rebounds at open after what analysts call an ‘excessive’ decline
KUALA LUMPUR, June 19 — The ringgit opened higher against the US dollar today, recovering from yesterday’s sharp decline amid cautious market sentiment following the US Federal Reserve’s (Fed) latest […]
Picasso goes for US$35m at Art Basel as global art market rebounds with strong demand for top-tier works
BASEL (Switzerland), June 19 — Art Basel made a splashy debut this week despite global turbulence, with an eight-figure sale for a Picasso during an invite-only VIP preview, and a […]
Why Europe is getting nervous about Palantir, the data firm named after ‘The Lord of the Rings’ seeing-stones
WASHINGTON, June 19 — France’s move Tuesday to drop Palantir from its intelligence services is the latest sign of European unease with the American data-mining firm — a company that has […]
Central banks warn inflation fight not over as Middle East tensions linger
Fed and BoE have both signalled rate hikes ECB, BOJ have already pulled the trigger Oil market normalisation will be drawn out Central banks’ inflation-fighting credibility is on the line […]