Newsfeed – Business News
Nike cuts 775 jobs in US to speed up automation
Nike is laying off 775 employees, a source familiar with the matter has told Reuters, as the sportswear giant looks to boost profits and accelerate its use of automation. Read […]
Venezuela oil reform encourages fast investment
A proposed reform of Venezuela’s oil law is enough to encourage companies working in the country to expand and for some new entrants to begin investing, but deeper reforms would […]
Beef in US is pricier than ever
Consumer beef prices reached a fresh record in December, just as the United States’ new dietary guidelines are set to boost demand for the protein. Read full story Date: 28 […]
Plan to keep Medicare rates flat sinks insurers
Shares of major US insurers tumbled after the United States proposed holding payments to private Medicare plans flat next year, a huge disappointment for investors. Read full story Date: 28 […]
Apollo takes US$170mil loss on Perch exposure
Apollo Global Management Inc took a loss on a portion of a US$170mil asset-backed financing for Amazon brand aggregator Perch that was wiped out, a rare stumble for a strategy […]
Exsim Hospitality adds to earnings visibility with latest contract
Analysts say Exsim Hospitality Bhd’s latest job win falls within their assumptions for order book replenishment in the company’s financial year ending June 30 (FY26) and, as such, are not […]
Rising demand for servers to lift MPI
Analysts are turning positive on Malaysian Pacific Industries Bhd (MPI) moving into this year, as the group is proving it is well-placed to capitalise on growth tailwinds. Read full story […]
Eco-Shop to ride rising momentum into 2H26
Eco-Shop Marketing Bhd’s outlook is turning more positive after its latest financial results, analysts say. Read full story Date: 28 January, 2026 5:00 am Source: thestar.com.my
Malaysia, Mexico most at risk from Japan carry unwind, HSBC says
Bond markets in Malaysia and Mexico are among the most at risk should a further increase in Japanese yields prompt the nation’s investors to repatriate capital, according to HSBC Holdings […]
Coastal Contracts’ new JV to lift outlook
Coastal Contracts Bhd’s latest announcement of its Mexican joint venture (JV) company, together with its partners, to address the urgent gas flaring issues at the Ixachi Field in Mexico, is […]