Newsfeed – Business News
Bursa Malaysia rebounds on bargain hunting after recent losses
KUALA LUMPUR, Sept 30 — Bursa Malaysia’s key index rebounded to open higher on Wednesday as bargain hunting emerged after recent losses, despite negative cues from Wall Street. At 9.10am, […]
Ringgit opens lower against US dollar as weak consumer data weighs on sentiment
KUALA LUMPUR, Sept 30 — The ringgit opened lower against major currencies including the US dollar on Wednesday as weaker US consumer data weighed on investor sentiment and reduced risk […]
Bursa Malaysia retreats sharply as bond yields, high oil prices hit sentiment
KUALA LUMPUR, Sept 29 — Bursa Malaysia ended sharply lower today as the market succumbed to selling pressure amid surging bond yields and elevated oil prices, which continued to undermine […]
Ringgit ends slightly higher against US dollar after S&P reaffirms Malaysia’s A- rating
KUALA LUMPUR, Sept 29 — The ringgit strengthened marginally against the US dollar today, with market sentiment supported by S&P Global Ratings’ reaffirmation of Malaysia’s ‘A-’ sovereign credit rating with […]
S&P keeps Malaysia’s A- rating as economy maintains strong growth momentum
PUTRAJAYA, Sept 29 — S&P Global Ratings has reaffirmed Malaysia’s sovereign credit rating at ‘A-’ with a Stable outlook, citing the economy’s resilience and diversification, sustained growth momentum and continued […]
Shein shares plunge 11pc after weak results show growth losing steam
HONG KONG, Sept 29 — Shares in Chinese fast-fashion giant Shein plunged more than 11 per cent in Hong Kong on Tuesday after releasing disappointing financial results. The company has […]
Software bug holds up Boeing 737 MAX certification
NEW YORK, Sept 29 — US air safety regulators are delaying certification of the 737 MAX 10 until determining a fresh software glitch poses no safety risk, a top official […]
Asian stocks fall, oil rises as hopes for Hormuz reopening fade
HONG KONG, Sept 29 — Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations the Federal Reserve […]
Bursa opens lower on Wall Street weakness as rising oil prices, US bond yields weigh
KUALA LUMPUR, Sept 29 — Bursa Malaysia’s key index opened lower on Tuesday, tracking weaker Wall Street performance overnight as rising crude oil prices and US bond yields weighed on […]
AMD buys ‘Godmother of AI’ Fei-Fei Li’s firm for US$8.2b
SAN FRANCISCO, Sept 29 — Chip maker Advanced Micro Devices announced Monday it has acquired World Labs, an artificial intelligence company founded by Fei-Fei Li, one of the field’s most […]