Newsfeed – Business News
Bargain hunting lifts Bursa Malaysia after long break, Wall Street leads
KUALA LUMPUR, June 3 — Bursa Malaysia opened higher on Wednesday as investors engaged in bargain hunting following the extended market closure last week, while positive sentiment from Wall Street’s […]
SpaceX targets US$75b IPO at US$135 per share
NEW YORK, June 3 — SpaceX plans to raise US$75 billion (RM298 billion) in its initial public offering by selling 555.6 million shares at a target price of US$135 per […]
Ringgit slips against dollar as strong US data dims Fed rate-cut hopes
KUALA LUMPUR, June 3 — The ringgit opened slightly lower against the US dollar on Wednesday as better-than-expected United States (US) economic data and uncertainty in West Asia kept the […]
India says US trade deal is ‘99pc complete’ as negotiators meet in New Delhi
NEW DELHI, June 2 — India and the United States are “about 99 per cent” done with the first tranche of a trade deal, the commerce minister said, as […]
Google parent Alphabet launches US$80b fundraising drive to boost AI infrastructure
SAN FRANCISCO, June 2 — Google parent Alphabet announced yesterday it plans to raise up to US$80 billion in stock to fund a major expansion of its artificial intelligence […]
Anthropic files for IPO as AI boom fuels race for billions in fresh funding
SAN FRANCISO, June 2 — AI giant Anthropic, the maker of the Claude chatbot, announced yesterday that it had filed confidentially for an initial public offering (IPO), as Silicon […]
Oil prices climb as US reportedly hardens stance in Iran peace talks
TOKYO, June 1 — Oil prices rose as markets reopened today following weekend reports that the United States had hardened its negotiating terms with Iran to end the Middle East […]
Fuel price surge drives carpooling boom in India, says BlaBlaCar
NEW DELHI, June 1 — Rising fuel prices triggered by the Middle East war are driving a sharp increase in carpooling, with a ride-sharing platform reporting a surge in new […]
In China, AMD CEO Lisa Su is understated while Nvidia’s Huang is more razzmatazz
AMD’s Su and Nvidia’s Huang approach China market differently Both face separate challenges in world’s second-biggest AI hardware market Nvidia mired in geopolitics, AMD tech has its detractors BEIJING, May […]
Sri Lanka raises fuel prices 48pc since February amid global energy crisis and IMF terms
COLOMBO, May 31 — Sri Lanka raised fuel prices by up to six per cent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies […]