Newsfeed – Business News
Countries tripping over US tariffs
ON March 11, the United States initiated investigations regarding the acts, policies, and practices of 16 economies under Section 301(b) of the Trade Act of 1974. Read full story Date: […]
Higher project flows forecast for Muhibbah
PETALING JAYA: Muhibbah Engineering (M) Bhd may see higher project flows for its key divisions of construction, cranes and shipyards in light of rising crude oil prices. Read full story […]
Labour market steady for now
PETALING JAYA: The ongoing conflict within the Middle East is not expected to have any immediate repercussions on the local labour market, say economists. Read full story Date: 24 March, […]
China’s Sinopec will not buy Iranian oil, wants to tap state reserves
CHINA’s state-run refiner Sinopec does not intend to buy Iranian oil but is pushing for permission to tap state reserves, a senior executive said on Monday, days after the U.S. […]
Berkshire Hathaway to stake US$1.8bil in Insurer Tokio Marine
Berkshire Hathaway Inc. will invest 287.4b yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., marking a significant increase in the US conglomerate’s exposure to the Japanese market. Read full […]
US crude spikes 3% as Iran threatens to hit Gulf power infra over Trump warning
NEW DELHI: Oil prices rose on Monday after Iran’s Revolutionary Guards said they would target Israel’s power plants and those supplying U.S. bases in the Middle East in retaliation against […]
South Korean shares tumble, won hits 17-year low on Mideast conflict
SEOUL: South Korean shares dropped more than 6% on Monday to close at their lowest level in two weeks, while the won weakened to a 17-year low, as heightened Middle […]
Dollar gains as investors flee risk on escalating Middle East war
TOKYO: The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets. Read full story Date: 23 March, […]
Section 301 probes raise tariff risks for developing economies
PETALING JAYA: The United States’ latest trade investigations are set to heighten tariff risks for developing economies, as Washington revives a long-standing legal tool to pressure trading partners. Read full […]
China aims to be major hub of global demand
CHINA will step up efforts to improve its fiscal and monetary policy in order to boost domestic consumption and enhance people’s well-being, as the country accelerates toward becoming a major […]