Newsfeed – Business News
Ringgit declines as US dollar strengthens and oil rises on West Asia tensions
KUALA LUMPUR, June 8 — The ringgit ended lower against the US dollar today as stronger-than-expected United States (US) labour market data reinforced expectations that the US Federal Reserve would […]
Bursa Malaysia slips but outperforms regional markets amid tech rout and geopolitical jitters
KUALA LUMPUR, June 8 — Bursa Malaysia recorded a decline of 0.82 per cent at the close today with the diversified composition of the FTSE Bursa Malaysia KLCI (FBM KLCI) […]
Steven Sim: Ministry leverages PM’s Tokyo visit to drive Malaysian MSME expansion into Japanese market
KUALA LUMPUR, June 8 — The Ministry of Entrepreneur and Cooperative Development (Kuskop) is stepping up efforts to accelerate the internationalisation of Malaysian micro, small and medium enterprises (MSMEs), with […]
Petronas and Eni unveil Searah, SE Asia’s largest upstream JV, to boost Malaysia–Indonesia energy security
KUALA LUMPUR, June 8 — Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) and Italian oil company Eni have announced the formation of Searah, a 50:50 joint venture […]
Nvidia clinches deals with South Korean giants including SK Group to advance AI boom
Deals announced with SK Hynix, SK Telcom, Naver, Doosan, LG Group, Hyundai Motor SK Hynix multi-year tie-up will secure advanced memory supply Nvidia says SK Hynix partnerships have opportunities to […]
Opec+ raises July oil production quotas amid supply concerns
VIENNA, June 8 — Opec+ ministers decided yesterday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to […]
Bursa Malaysia opens lower amid cautious sentiment, tracks regional market weakness
KUALA LUMPUR, June 8 — Bursa Malaysia opened weaker today, tracking regional markets as sentiment remained cautious amid a fragile global economic environment. At 9.19am, the benchmark FTSE Bursa Malaysia […]
Astro announces Euan Smith’s departure as group CEO, Henry Tan to serve as interim
KUALA LUMPUR, June 8 — Astro Malaysia Holdings Bhd today said group chief executive officer Euan Smith has stepped down after six years with the company. Former chief executive Henry […]
Ringgit trades mixed after upbeat US jobs data lifts greenback
KUALA LUMPUR, June 8 — The ringgit traded mostly higher against major currencies but was easier against the US dollar in early trade today as the greenback strengthened following better-than-expected […]
German car plants at half‑speed look to Beijing or battlefields for fresh funding
FRANKFURT, June 8 — Germany’s beleaguered carmakers are desperately seeking solutions for their under-used factories, with speculation swirling that Chinese manufacturers or weapons makers could move in. Across Europe, carmakers […]