Newsfeed – Business News
BBVA investment banking push is ‘long-term vision’
BBVA SA will continue to seek growth in US investment banking regardless of current market turmoil, chief financial officer (CFO) Maria Luisa Gomez-Bravo says. Read full story Date: 25 April, […]
Rate cut bets mount on global trade war pressure
Investors increasingly expect Malaysia, South-East Asia’s last holdout against interest rate cuts, to give in to mounting economic pressure from the global trade war. Read full story Date: 25 April, […]
ECB’s Villeroy says further rate cuts expected
The European Central Bank (ECB) will probably lower interest rates further this year as there are currently no inflation risks, according to Governing Council member Francois Villeroy de Galhau. Read […]
Jane Street’s US$21bil trading haul tops Citigroup
Jane Street Group LLC has generated a record US$20.5bil in net trading revenue last year, vaulting it past Bank of America Corp and Citigroup Inc as the market maker reaps […]
Apple, Meta hit by US$798mil EU tech fines
Apple Inc and Meta Platforms Inc have been hit by relatively modest European Union (EU) fines totalling 700mil or about US$798mil for violating tough new antitrust rules for Big Tech, […]
Nor Shahrizan Sulaiman named officer-in-charge at Maybank Islamic
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Nor Shahrizan Sulaiman as officer-in-charge of Maybank Islamic Bhd (MIB) following the resignation of Datuk Muzaffar Hisham, who stepped down to pursue […]
Binastra to acquire 51% stake in LF Lansen for up to RM44.8mil
PETALING JAYA: Binastra Corp Bhd is acquiring a 51% equity interest in LF Lansen Sdn Bhd for up to RM44.8mil in cash, to be paid in three stages. Read full […]
Lee Chong Wei among new shareholders of Magma Group
PETALING JAYA: Magma Group Bhd has announced a change in the composition of its substantial shareholders following the allotment of consideration shares pursuant to the proposed acquisition that was approved […]
Ringgit rises against US dollar, other major currencies at close
KUALA LUMPUR: The ringgit closed stronger against the US dollar on weaker greenback demand, amid a decline in investor confidence due to ongoing US-China trade tensions and a lack of progress in negotiations. Read […]
Pantech cautiously optimistic, steady US orders boost prospects
KUALA LUMPUR: Pantech Global Bhd remains cautiously positive about its prospects, supported by its competitive advantages, business strategies and market opportunities in the global pipe and pipe fitting industry. Read […]