Newsfeed – Business News
Lagarde dismisses early‑exit talk, says she will stay ‘on deck’ at ECB to ensure price stability
PARIS, June 15 — European Central Bank President Christine Lagarde said today that she would remain in place to ensure inflation stays in check despite the war in the Middle […]
Outflows outpace inflows in Asia markets, reaching US$13.61b in total
KUALA LUMPUR, June 15 — Foreign investors extended a two-week net selling streak across the eight markets in Asia, with net foreign outflows totalling US$13.61 billion (RM55.1 billion), according to […]
Bursa Malaysia gains at opening on renewed buying in technology stocks
KUALA LUMPUR, June 15 —Bursa Malaysia opened higher today, tracking overnight gains on Wall Street as investors returned to technology stocks, which continue to benefit from the ongoing artificial intelligence […]
Improved market sentiment lifts ringgit at opening
KUALA LUMPUR, June 15 — The ringgit extended its upward momentum, opening firmer today against the US dollar and other major currencies, supported by improved risk sentiment following signs of […]
War, weak rupiah and wary investors put pressure on Indonesia’s economy
JAKARTA, June 15 — Indonesia’s economy faces a perfect storm wrought by high energy prices and, while the currency has rebounded slightly, critics warn government policies are unnerving investors at […]
Anthropic vs. OpenAI: Behind the bitter battle for the future of AI — and a trillion‑dollar IPO race
Anthropic and OpenAI race to be first to go public in IPO Personal and public tensions between CEOs shape AI industry Altman and Amodei rejected call for show of unity […]
Will Trump’s Fed pick cave to White House pressure? All eyes on Warsh as he leads first FOMC meet
New Fed chair Kevin Warsh chairs his first FOMC meeting amid three-year-high inflation and continued pressure from Trump to cut rates. Rates are expected to hold steady, but war-driven inflation […]
‘Mag 7’ or MANGOS? SpaceX IPO sparks Wall Street debate
NEW YORK, June 14 — SpaceX roared into markets this past week with a valuation of more than US$2 trillion, surpassing two members of Wall Street’s “Magnificent Seven” and raising […]
Weng Yat to supply biomass to Japan, targets RM60m annual revenue
KUALA LUMPUR, June 14 — Malaysian biomass producer Weng Yat Resources Sdn Bhd has signed a deal to build a biomass supply platform for Japan, targeting more than RM60 million […]
When time turns to bullion: Gold rush reshapes second-hand luxury watch market
LONDON, June 13 — Omega’s Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a […]