Newsfeed – Business News
India forecasts monsoon rains at 11-year low in 2026, threatening crops and growth
MUMBAI, May 29 — India forecast an El Nino-weakened monsoon in 2026 that will bring the lowest rainfall in 11 years, fuelling concerns over crops, food prices and growth in […]
Pharmacy chain Big Caring’s RM3b IPO looms as Malaysia’s next healthcare bellwether
KUALA LUMPUR, May 29 — Malaysia’s largest pharmacy chain is preparing to test investor appetite with what could become one of the country’s biggest initial public offerings in a decade. […]
Vincent Tan reportedly weighs sale of Prudential Malaysia stake
KUALA LUMPUR, May 29 — Tan Sri Vincent Tan is considering selling his remaining 30 per cent stake in Prudential Assurance Malaysia Bhd, business media company Bloomberg reported today. The […]
Dollar steadies but heads for weekly loss on reports of US-Iran ceasefire deal
HONG KONG, May 29 — The dollar was firm against other major currencies today, but on track to end the week lower, after reports the US and Iran reached an […]
Japan’s yen drifts back to intervention levels as markets test Tokyo’s resolve
TOKYO, May 29 — As Japan’s yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo’s remaining financial firepower and political will to […]
IBM goes all-in on quantum: US$10b, a 2029 deadline, and a chip called Anderon
NEW YORK, May 29 — IBM says it will spend more than US$10 billion (RM40 billion) over the next five years on quantum computing — a cutting-edge technology that could […]
Market whiplash: Asia stocks surge, oil slides on fresh hopes for US-Iran ceasefire extension
HONG KONG, May 29 — Asian stock markets surged and oil prices receded today, boosted by optimism that the United States and Iran will reach a deal to end their […]
US growth revised down, inflation hits highest level since 2023
WASHINGTON, May 29 — The US economy expanded less than initially estimated in the first quarter, government data showed yesterday, while a key inflation gauge separately hit a three-year high […]
AI giant Anthropic raises US$65b, overtakes OpenAI with near-trillion-dollar valuation
SAN FRANCISCO, May 29 — Artificial intelligence company Anthropic said yesterday it had raised US$65 billion (RM258 billion) in a new funding round that values the Claude maker at US$965 […]
Trump could become first living US president on banknote under proposed US$250 bill
WASHINGTON, May 29 — President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on […]