Newsfeed – Business News
Boeing sees demand for 44,000 new fuel-efficient jets over next 20 years
NEW YORK, July 18 — Boeing projected Friday a global commercial fleet of 50,000 planes in 2045, more than 90 per cent of which will be more fuel-efficient “new-generation” aircraft. […]
‘This is how you lose’: New Chinese AI model Kimi K3 stuns Silicon Valley’s elite
WASHINGTON, July 18 — Kimi K3, a new artificial intelligence program from a Chinese startup called Moonshot AI, stunned the US tech industry on Friday, setting off fresh discussion over […]
Wall Street just had its worst day in weeks — and the reasons are bigger than tech
NEW YORK, July 18 — Wall Street stocks fell decisively Friday, joining most global markets in retreating on continued weakness in artificial intelligence shares and rebounding oil prices. Tech shares […]
Versa says 30,000 Malaysians now putting savings on autopilot through its app, RM2.5b placed in funds since 2021
KUALA LUMPUR, July 17 — Malaysian wealth management app Versa said more than 30,000 people now use its Auto Save feature, while savings placed through its platform have reached RM2.5 […]
Bursa Malaysia ends higher on foreign inflows, stronger economic outlook
KUALA LUMPUR, July 17 — Bursa Malaysia’s key index closed higher today, supported by sustained foreign fund inflows and improving domestic macroeconomic fundamentals. At 5 pm, the FTSE Bursa Malaysia […]
Ringgit weakens against US dollar as West Asia tensions weigh on sentiment
KUALA LUMPUR, July 17 — The ringgit ended the final trading day of the week lower against the US dollar as escalating developments in West Asia weighed on market sentiment. […]
Volvo Cars sales fall amid tough market conditions, but recovery signs emerge
STOCKHOLM, July 17 —-Swedish carmaker Volvo Cars today reported a drop in sales in the second quarter, noting a “very challenging environment,” but said it expected sales to […]
Ringgit flat against US dollar ahead of Malaysia’s 2Q GDP estimate
KUALA LUMPUR, July 17— The ringgit opened higher against most major currencies but was flat against the US dollar today, as investors remained cautious ahead of the release of Malaysia’s […]
Netflix results disappoint Wall Street amid rising TikTok, YouTube competition
SAN FRANCISCO, July 17 — Netflix shares dropped as much as 8 per cent yesterday after results underwhelmed investors already worried about slowing engagement at the streaming giant. The […]
Ringgit edges higher against US dollar as softer inflation tempers Fed hike fears
KUALA LUMPUR, July 16 — The ringgit ended marginally higher against the US dollar today, supported by softer-than-expected United States (US) inflation data and reduced expectations of a near-term rate […]