Newsfeed – Business News
IMF flags ‘very severe’ global economic risks from Iran conflict, warns of rising costs
WASHINGTON, April 17 — IMF economists warned yesterday that the war in Iran could have “very, certainly severe” consequences far outside the region – especially for energy-importing countries. Countries in […]
Netflix shares tumble as Reed Hastings prepares to step down as chairman
SAN FRANCISCO, April 17 — Netflix shares plummeted more than eight per cent yesterday as the TV streaming titan reported quarterly revenue of US$12.25 billion, a result that slightly […]
Ringgit extends gains ahead of Malaysia 1Q GDP estimate release
KUALA LUMPUR, April 17 — The ringgit extended its gains against the US dollar and other major currencies on Friday, supported by firm domestic sentiment, as markets await Malaysia’s […]
Foreign investors exit Thai assets at fastest pace since 2024 as oil shock exposes economic vulnerabilities
Thailand in policy bind, investors say Baht down nearly 3 per cent since Iran war started Oil shock exposes Thailand’s vulnerabilities SINGAPORE, April 16 — Foreign investors are selling Thai […]
Foreign investors exit Thai assets at fastest pace since October 2024 as oil shock exposes economic vulnerabilities
Thailand in policy bind, investors say Baht down nearly 3 per cent since Iran war started Oil shock exposes Thailand’s vulnerabilities SINGAPORE, April 16 — Foreign investors are selling Thai […]
Leading economists urge windfall profit taxes on energy firms amid war‑driven price surge
PARIS, April 16 — Prominent economists called today for governments to introduce windfall profit taxes on energy companies who are set to reap financial benefits from the US-Israeli war on […]
Kering CEO aims to double profit margins and revive Gucci in sweeping overhaul
De Meo pledges to reignite growth and boost efficiency Plans to scale up jewellery to be less reliant on fashion cycles Aims to reduce and refurbish store network Shares fall […]
EU wants Google to share search data with third‑party engines, including AI chatbots
BRUSSELS, April 16 — The European Commission has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with search functionalities, to […]
Renault aims for seven models and 5pc India market share by 2030, says CEO
NEW DELHI, April 16 — French automaker Renault will have seven models in India by 2030, including battery electric vehicles, as it steps up its product push in the world’s […]
Ringgit firms against US dollar ahead of Malaysia’s 1Q GDP data
KUALA LUMPUR, April 16 — The ringgit rebounded to close higher against the US dollar ahead of the release of Malaysia’s advance gross domestic product (GDP) estimates for the first […]