Newsfeed – Business News
US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU
KUALA LUMPUR: The United States (US) has initiated investigations into the acts, policies, and practices of 15 economies, including Malaysia and the European Union (EU), under Section 301(b) of the […]
Bursa Malaysia drops, crude prices surge after vessels attacked in Strait of Hormuz
KUALA LUMPUR: Investors’ fears over disruptions to global oil supply intensified after three vessels were struck by projectiles in the Straits of Hormuz, underlining Iran’s threat to attack any vessel […]
Ringgit extends gains at opening as IEA releases oil reserves
KUALA LUMPUR: The ringgit extended gains against the US dollar and other currencies at Thursday’s opening, supported by stabilising oil prices following the International Energy Agency’s (IEA) decision to release […]
Shares skid, oil surges again as Iran attacks Gulf shipping
SYDNEY: Shares fell in Asia on Thursday as oil prices jumped on reports that more ships had been struck in the Strait of Hormuz and in Iraqi waters, fuelling inflation […]
HSS in tie-up to explore infrastructure opportunities
HSS Engineers Bhd has entered into a memorandum of understanding (MoU) with Adani Infra (India) Ltd (AIIL) to explore potential collaboration on infrastructure development projects. Read full story Date: 12 […]
Report: IEA proposes largest ever oil stockpile release
The International Energy Agency (IEA) proposes the largest ever release of oil reserves, according to the Wall Street Journal, as governments seek to contain a spike in energy prices driven […]
Iran conflict redraws LNG trade routes
A tense global hunt for liquefied natural gas (LNG) sparked by the war in the Middle East is starting to shift physical supply flows, as more shipments bound for Europe […]
AI ‘godfather’ raises US$1bil for start-up
One of the pioneers of modern artificial intelligence (AI) has raised US$1.03bil (S$1.3bil) for his start-up AMI Labs in a seed funding round supported by Singapore’s investment company Temasek and […]
South Korea has five years to act on AI gap with China, says expert
As China accelerates its advance in foundation models, South Korea is not far behind in frontier model performance, according to Shin Jin-woo, information and communication technology endowed chair professor at […]
Three of the top four banks see RBA hiking key rate in March
Economists at three of Australia’s “Big Four” lenders expect the central bank to deliver a second consecutive interest rate increase next week as it grapples with persistently strong inflation. Read […]