Newsfeed – Business News
Bursa Malaysia retreats after opening higher, tracks weaker Wall Street
KUALA LUMPUR, Oct 8 — Bursa Malaysia opened higher on Thursday but retreated shortly after, tracking weaker Wall Street performance overnight as sentiment was weighed down by surging US Treasury […]
Ringgit opens firmer against US dollar as markets await Budget 2027 clues on fiscal deficit
KUALA LUMPUR, Oct 8 — The ringgit opened slightly higher against the US dollar on Thursday as markets awaited the tabling of Budget 2027 for clues on the direction of […]
Stocks retreat as oil whipsaws on Iran war, reserve release plans
NEW YORK, Oct 8 — Stock markets slid on Wednesday after a volatile day of trading for oil that saw the commodity rise sharply before closing lower after International Energy […]
Samsung profit set to soar 780pc as AI chip boom fuels record quarter
SEOUL, Oct 8 — Samsung Electronics forecast Thursday a more than 780 per cent leap in third-quarter operating profit from a year earlier, buoyed by high memory chip prices as […]
Ringgit gains against yen, pound and euro, slips against US dollar
KUALA LUMPUR, Oct 7 — The ringgit closed higher against most major currencies but lower against the US dollar today, as the greenback strengthened broadly amid renewed concerns over Europe’s […]
Bursa Malaysia retreats as higher US yields and crude oil prices weigh on sentiment
KUALA LUMPUR, Oct 7 — Bursa Malaysia ended lower today in tandem with weaker regional markets, failing to track Wall Street’s rally as elevated US Treasury yields and renewed gains […]
Micron workers vote to strike despite offer worth up to 68 months’ salary
TAIPEI, Oct 7 — Hundreds of workers at a Micron Technology plant in Taiwan have voted to strike, their union said today, after talks with the US memory chip giant […]
Armizan: RM1m IP fund could help 50 Malaysian SMEs and start-ups access financing
KUALA LUMPUR, Oct 7 — At least 50 small and medium enterprises (SMEs) and start-ups are expected to benefit from the RM1 million Intellectual Property (IP) Valuation Financing Fund spearheaded […]
Penang lands US$70m semiconductor materials investment, 1,000 jobs planned
GEORGE TOWN, Oct 7 — PEN SJ Electronics Sdn Bhd has pledged to invest over US$70 million (US$1=RM4.08) to establish an advanced packaging materials and thermal management solutions facility in […]
Iran war ends? IMF boss says the energy price pain may not
BANGKOK, Oct 7 — High energy prices resulting from the Iran war are likely to persist for some time, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned today, reported […]