Newsfeed – Business News
Australian exchange’s naming error sparks share selldown
A NAMING mixup prompted Australia’s main stock exchange operator to incorrectly tag one of the country’s top internet providers in an unrelated company’s takeover announcement, triggering a share selloff and […]
McDonald’s China eyes 10,000 outlets
McDonald’s China’s plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localization, according to its top […]
Cathay Pacific warns of declining airfares and uncertain cargo outlook, shares fall 10%
HONG KONG: Cathay Pacific Airways on Wednesday warned of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down more than 10% after it […]
AmFIRST REIT’s Summit Hotel Subang USJ to be rebranded, operated by Exsim unit
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has appointed Mana Mana Holdings Sdn Bhd, a subsidiary of Exsim Hospitality Bhd, as the project manager of the refurbishment and […]
FBM KLCI remains negative at midday in post-rally pullback
KUALA LUMPUR: There was a dip in Malaysia’s blue-chip index, while weak sentiment stalked the broader market as investors remained selective in their portfolios. Read full story Date: 6 August, […]
InvestKL secures RM2.8bil committed investments in 1H25
KUALA LUMPUR: Lead investment agency for Greater Kuala Lumpur (KL) InvestKL has secured RM2.8 billion in committed investments in the first half of 2025 (1H 2025), anchoring five new regional […]
Hartalega shares fall on tax bill, weaker quarterly earnings
KUALA LUMPUR: Shares in glove manufacturer Hartalega Holdings Bhd fell in early trade on Wednesday after it disclosed a RM101.36 million additional tax bill from the Inland Revenue Board (LHDN) […]
PHB receives RAM Ratings’ AAA/Stable ratings
KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) has received an affirmation of its AAA/Stable/P1 corporate credit ratings, as well as the AAA/Stable ratings for its RM5.0 billion Islamic Medium-Term Notes (IMTN) […]
Asian shares track Wall Street lower, dollar rangebound
SYDNEY: Asian shares slipped along with Wall Street on Wednesday, after weak U.S. data highlighted the damage tariffs were having on economic activity and earnings, while the dollar struggled with […]
Bursa sees mild profit-taking after previous day’s rally
KUALA LUMPUR: Bursa Malaysia stayed little changed at the opening bell after the previous day’s rally as optimism over a US interest rate cut helped to buoy optimism. Read full […]