Newsfeed – Business News
Samsung Electronics, workers hold last-ditch talks to avert massive strike threatening global supply chains
Court orders union to maintain normal production during any strike; shares jump 6.7pc Government officials warn that a strike could threaten economic growth and exports Union rejects pressure for arbitration, […]
Bursa Malaysia opens higher after stronger-than-expected GDP growth
KUALA LUMPUR, May 18 — Bursa Malaysia opened higher today following Malaysia’s stronger-than-expected first quarter of 2026 (1Q 2026) gross domestic product (GDP) which expanded by 5.4 per cent, surpassing […]
Ringgit opens slightly higher against US dollar amid cautious market sentiment
KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar on Monday although cautious sentiment persisted amid escalating geopolitical tensions in West Asia. At 8am, the […]
What it actually takes for companies like OpenAI and SpaceX to go public
NEW YORK, May 17 — Hundreds of companies raised a combined US$70 billion (RM280 billion) by selling shares to the public in the United States last year. But 2026 could shatter […]
SpaceX, OpenAI and Anthropic could make 2026 the biggest IPO year yet
NEW YORK, May 17 — Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk’s SpaceX in […]
Shipping giants turn to trucking as Hormuz blockade pushes freight charges past pandemic levels
MOSCOW, May 17 — Large shipping companies have begun using land transport to move fuel amid the partial blockage of the Strait of Hormuz caused by the West Asia crisis, […]
Samsung strike threat puts South Korea on edge with chip giant tied to quarter of exports
SEOUL, May 17 — South Korea will pursue all options, including emergency arbitration, to avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage […]
India scrambles to stop rupee slide as oil shock drives currency to record low
MUMBAI, May 17 — India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world’s fastest-growing major economy. […]
Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
THE HAGUE, May 18 — Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help build and scale up a semi-conductor plant in India, overseen by Prime […]
Iraq says Strait of Hormuz disruption slashed monthly oil exports by nearly 90pc
BAGHDAD, May 16 — Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the […]