Newsfeed – Business News
TNB issues RM4b sustainability Sukuk Wakalah
KUALA LUMPUR, May 29 — Tenaga Nasional Bhd (TNB) has issued RM4 billion worth of Sustainability Sukuk Wakalah under its Sukuk Wakalah Programme. In a Bursa Malaysia filing today, the […]
Bursa Malaysia ends lower as late selling hits blue chips
KUALA LUMPUR, May 29 — Bursa Malaysia reversed earlier gains to close marginally lower on Friday, pressured by late selling in blue-chip stocks as investors turned cautious amid ongoing geopolitical […]
India forecasts monsoon rains at 11-year low in 2026, threatening crops and growth
MUMBAI, May 29 — India forecast an El Nino-weakened monsoon in 2026 that will bring the lowest rainfall in 11 years, fuelling concerns over crops, food prices and growth in […]
Pharmacy chain Big Caring’s RM3b IPO looms as Malaysia’s next healthcare bellwether
KUALA LUMPUR, May 29 — Malaysia’s largest pharmacy chain is preparing to test investor appetite with what could become one of the country’s biggest initial public offerings in a decade. […]
Vincent Tan reportedly weighs sale of Prudential Malaysia stake
KUALA LUMPUR, May 29 — Tan Sri Vincent Tan is considering selling his remaining 30 per cent stake in Prudential Assurance Malaysia Bhd, business media company Bloomberg reported today. The […]
Dollar steadies but heads for weekly loss on reports of US-Iran ceasefire deal
HONG KONG, May 29 — The dollar was firm against other major currencies today, but on track to end the week lower, after reports the US and Iran reached an […]
Japan’s yen drifts back to intervention levels as markets test Tokyo’s resolve
TOKYO, May 29 — As Japan’s yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo’s remaining financial firepower and political will to […]
IBM goes all-in on quantum: US$10b, a 2029 deadline, and a chip called Anderon
NEW YORK, May 29 — IBM says it will spend more than US$10 billion (RM40 billion) over the next five years on quantum computing — a cutting-edge technology that could […]
Market whiplash: Asia stocks surge, oil slides on fresh hopes for US-Iran ceasefire extension
HONG KONG, May 29 — Asian stock markets surged and oil prices receded today, boosted by optimism that the United States and Iran will reach a deal to end their […]
US growth revised down, inflation hits highest level since 2023
WASHINGTON, May 29 — The US economy expanded less than initially estimated in the first quarter, government data showed yesterday, while a key inflation gauge separately hit a three-year high […]