Newsfeed – Business News
Hormuz traffic rebounds to wartime average after record low; Iran formalises crossing toll
LONDON, May 19 — Traffic through the Strait of Hormuz was slightly higher last week, returning to levels in line with the average recorded since the start of the Middle […]
Billionaire ‘soap opera’ ends for now as jury tells Musk he’s too late to sue OpenAI
OAKLAND, May 19 — A federal jury ruled Monday that Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to the ChatGPT startup and […]
Ringgit closes lower amid cautious sentiment over China data, FOMC minutes
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market. This came on the back of […]
Pos Malaysia narrows 1Q net loss to RM19.54m as revenue rises 7.3pc
KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss […]
Bursa Malaysia sinks to intraday low as regional risk-off mood drags market down
KUALA LUMPUR, May 18 — Bursa Malaysia ended at its intraday low on Monday, in line with the broader regional risk-off tone as selling pressure spread across key index heavyweights, […]
G7 finance chiefs scramble for unity as war and tariffs shake global economy
PARIS, May 18 — Finance chiefs from the G7 industrialised nations gather in Paris on Monday for two days of talks aimed at forging a united front as the Middle […]
Thailand economy grows 2.8pc as tourism and spending lift outlook
BANGKOK, May 18 — Thailand’s economy grew 2.8 per cent in the first quarter from a year earlier, official data showed Monday, despite the global economic turmoil caused by the […]
Ikea franchiser axes 850 jobs as shoppers cut spending and costs keep climbing
LONDON, May 18 — Inter Ikea, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls […]
Trump says he should have pushed for larger Intel stake as US position tops US$50b
WASHINGTON, May 18 — US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government, in an interview with […]
Global stocks slide as Gulf attacks drive oil prices and inflation fears higher
Nikkei slips, S&P futures down ahead of Nvidia results China economic data disappoints, consumers not buying Oil prices gain on reports of drone attacks in Gulf Mounting inflation concerns keep […]