Newsfeed – Business News
Bursa Malaysia slips at open as profit‑taking hits heavyweights after Fed signals caution
KUALA LUMPUR, June 19 — Bursa Malaysia opened lower today as mild profit-taking in key index-linked counters weighed on early trade, despite overnight gains on Wall Street. At 9.15 am, […]
Ringgit rebounds at open after what analysts call an ‘excessive’ decline
KUALA LUMPUR, June 19 — The ringgit opened higher against the US dollar today, recovering from yesterday’s sharp decline amid cautious market sentiment following the US Federal Reserve’s (Fed) latest […]
Picasso goes for US$35m at Art Basel as global art market rebounds with strong demand for top-tier works
BASEL (Switzerland), June 19 — Art Basel made a splashy debut this week despite global turbulence, with an eight-figure sale for a Picasso during an invite-only VIP preview, and a […]
Why Europe is getting nervous about Palantir, the data firm named after ‘The Lord of the Rings’ seeing-stones
WASHINGTON, June 19 — France’s move Tuesday to drop Palantir from its intelligence services is the latest sign of European unease with the American data-mining firm — a company that has […]
Central banks warn inflation fight not over as Middle East tensions linger
Fed and BoE have both signalled rate hikes ECB, BOJ have already pulled the trigger Oil market normalisation will be drawn out Central banks’ inflation-fighting credibility is on the line […]
MR DIY Thailand gets place in top Thai stock market indexes
BANGKOK, June 18 — Thailand’s leading home improvement and lifestyle retailer, MR D.I.Y. Holding (Thailand) Public Company Limited (MRDIYT), has been selected for inclusion in three key indices of the […]
Ringgit closes softer against US dollar and Asean currencies as Fed outlook weighs on markets
KUALA LUMPUR, June 18 — The ringgit closed lower against the US dollar on Thursday as expectations of a possible US Federal Reserve (Fed) interest rate hike later this year […]
KHPT wins Proton contract to supply components for new model
KUALA LUMPUR, June 18 — KHPT Holdings Bhd has secured a contract from Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply automotive components for a new Proton model. In a […]
Consumer stocks help Bursa shrug off regional market uncertainty
KUALA LUMPUR, June 18 — Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the […]
Waymo to recall 3,800 robotaxis over risk of entering closed construction zones, US auto‑safety regulator says
WASHINGTON, June 18 — Waymo is recalling 3,871 robotaxis in the US after identifying a software issue that could likely cause the vehicles to enter a closed freeway construction zone […]