Newsfeed – Business News
Oil dips on ample supply outlook, market weighs Venezuelan output
SINGAPORE: Oil prices fell on Tuesday on expectations of ample global supply amid weak demand, and as the market weighed the prospect of higher Venezuelan crude output following the U.S. […]
Bank Negara announces additional RM2.5bil fund for SMEs
KUALA LUMPUR: Bank Negara Malaysia (BNM) is providing an additional RM2.5 billion under its fund for small and medium enterprises (SMEs), with a focus on channelling these funds to first-time […]
FBM KLCI enters midday in the red while regional markets jump
KUALA LUMPUR: Malaysia’s blue chips fell in the morning session as a sideways trading pattern over the last two weeks continued amid a dearth of buying leads. Read full story […]
KUSKOP policy framework addresses MSME structural, operational challenges – MEF
KUALA LUMPUR: The policy framework proposed by the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) can address the structural and operational challenges faced by micro, small and medium enterprises (MSMEs), […]
Samsung likely to flag 160% jump in Q4 profit as AI boom stokes chip prices
SEOUL: Samsung Electronics is expected to flag a 160% jump in its fourth-quarter operating profit spurred by a severe chip shortage that has sharply driven up memory prices as customers […]
Asian stocks extend record rally while oil, dollar drift
TOKYO: Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an […]
Traders take profit from blue chips
KUALA LUMPUR: The FBM KLCI fell slightly in morning trading after it returned above the 1,680 mark in the previous session with investors looking out for new catalysts to spur […]
Ringgit rises against US$ as safe-haven demand eases
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Tuesday as investors assessed the United States-Venezuela situation, with an early flight to the greenback proving short-lived amid […]
Infoline wins RM9.65mil electrical job
PETALING JAYA: Infoline Tec Group Bhd has accepted a letter of award from Niaga Sari Sdn Bhd for a nominated sub-contract for the supply, delivery, installation, testing and commissioning of […]
Stocks, energy shares, oil jump after US strikes Venezuela
NEW YORK: Major stock indexes and oil prices gained on Monday, with energy shares climbing and investors reacting mostly calmly to potential market ramifications after a U.S. military strike that […]