Newsfeed – Business News
BP to sell 65% stake in Castrol to Stonepeak for US$6bil
BP said on Wednesday it had agreed to sell a 65% stake in Castrol to investment firm Stonepeak for about $6 billion, in a deal that values the oil major’s […]
Oil rises for sixth session on US data, geopolitical tension
BEIJING/SINGAPORE: Oil prices rose for a sixth day on Wednesday supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia. Read full story Date: […]
China turns sport into serious business
NANJING: On a wintry weekend with temperatures hovering just above freezing, an indoor ski dome in the eastern Chinese city of Wuxi, Jiangsu province, buzzed with the sound of beginners […]
Maybank experiencing intermittent slowness affecting DuitNow services
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is currently experiencing intermittent slowness affecting DuitNow services, including QR payments, transfers, bill payments and related transactions. Read full story Date: 24 December, 2025 3:00 […]
Nam Cheong sells 4,000-DWT platform supply vessel for US$20.5mil
KUALA LUMPUR: Sarawak-based, Singapore-listed Nam Cheong Ltd has entered into a sales agreement to sell a 4,000 deadweight tonnage (DWT) platform supply vessel for US$20.5mil to a Vietnam-based offshore and […]
MARC Ratings affirms Malaysia’s sovereign rating at AAA
KUALA LUMPUR: MARC Ratings has affirmed its unsolicited public information sovereign rating on Malaysia at AAA with a stable outlook based on the rating agency’s national rating scale. Read full […]
Borneo Oil’s associate Verde Resources seeks Nasdaq listing, raising US$5–US$8mil
KUALA LUMPUR: Borneo Oil Bhd said its quoted investment, Verde Resources Inc (VRDR), has filed a registration statement with the US Securities and Exchange Commission for an underwritten public offering […]
Gold climbs above US$4,500 in historic rally for precious metals
GOLD rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts. Silver and platinum also advanced to records. Read […]
FBM KLCI edges higher at midday amid selective buying
KUALA LUMPUR: The FBM KLCI moved back into positive territory by the lunch break, as some selective buying emerged despite mixed sentiment across the broader market. Read full story Date: […]
Japan plans US$189bil new debt issuance in next year’s budget, draft shows
TOKYO: Japan plans to issue new government bonds worth around $189 billion to fund a record-size budget for next fiscal year, a draft reviewed by Reuters showed on Wednesday, underscoring […]