Newsfeed – Business News
Bursa pares gains as Wall Street weakness, higher oil prices weigh
KUALA LUMPUR, Sept 2 — Bursa Malaysia opened slightly higher on Wednesday but pared its gains soon after, tracking Wall Street’s overnight weakness as higher crude oil prices and rising […]
Zuckerberg, Musk push for more AI data centres at G20, warn of power crunch
CHAPEL HILL (United States), Sept 2 — Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and the electric power needed to support them […]
Ringgit slips against US dollar as oil prices, Fed rate hike bets rise
KUALA LUMPUR, Sept 2 — The ringgit opened lower against the US dollar on Wednesday amid higher Brent crude oil prices, which heightened inflation concerns, boosting expectations of a US […]
Anthropic signs US$35b computing deal with Nvidia-backed startup
SAN FRANCISCO, Sept 1 — Anthropic signed a US$35 billion (RM141 billion) deal for access to cloud computing power from a US-based startup backed by Nvidia, adding to a string […]
Indonesia parliament confirms Destry as new central bank governor
JAKARTA, Sept 1 — Indonesia’s parliament on Tuesday confirmed Destry Damayanti as the new central bank governor, following the abrupt resignation of Perry Warjiyo in July. Destry was the only […]
Malaysia-Japan trade hits US$23.3b in Jan-July 2026, Johari Ghani pushes deeper economic ties
KUALA LUMPUR, Sept 1 — Bilateral trade between Malaysia and Japan rose 11.8 per cent to US$23.3 billion (RM94 billion) in the first seven months of 2026 compared with the […]
EU halts Brazilian meat imports over animal health concerns
BRUSSELS, Sept 1 — The European Union will suspend imports of Brazilian meat and other animal products from Thursday, Brussels said, pending assurances from Brazil that it is complying with […]
Oil climbs as stocks slide on fresh Trump warning over Iran
HONG KONG, Sept 1 — Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the […]
Fast-fashion giant Shein shares plunge in Hong Kong debut after US$1.7b IPO
HONG KONG, Sept 1 — Fast-fashion retailer Shein fell more than nine per cent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 billion (RM6.9 billion) in a […]
Amazon hit with US suit over alleged manipulation of ad auctions
SAN FRANCISCO, Sept 1 — The US Federal Trade Commission (FTC) and 22 states sued Amazon on Monday for allegedly “manipulating” online auctions for digital advertising, resulting in more than […]