Newsfeed – Business News
Bursa Malaysia ends lower, CI retreats 0.86pc on West Asia tensions
KUALA LUMPUR, April 6 — Bursa Malaysia ended lower today, with the benchmark index retreating by 0.86 per cent as concerns over escalating tensions in West Asia intensified. At 5pm, […]
Indonesia hikes aviation fuel surcharge, allows domestic ticket price rise amid Middle East tensions
JAKARTA, April 6 — Indonesia today announced a 28-percentage point rise in the surcharge on aviation fuel, and said it would allow airlines to raise the domestic ticket price, which […]
Oil markets stabilise despite Trump threats and Strait of Hormuz disruptions
SINGAPORE, April 6 — Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the US and Iran even as […]
AirAsia X hopeful jet fuel supply will last until June despite Middle East disruptions
SEPANG, April 6 — Budget carrier AirAsia X acknowledged today uncertainty over jet fuel supply but remains hopeful that operations will continue smoothly as current stockpiles are expected […]
AirAsia X raises fares by up to 40pc, cuts some flights as Middle East tensions push up fuel costs
SEPANG, April 6 — Budget carrier AirAsia X said today it is raising fares by up to 40 per cent and imposing a 20 per cent fuel surcharge, even as […]
China issues e-commerce guidance to boost global trade amid EU scrutiny
BEIJING, April 6 — China issued guidance today for its e-commerce sector that seeks to coordinate domestic development with international markets, a week after a delegation of European lawmakers visited […]
Short-term rates expected to stay stable as BNM absorbs surplus liquidity
KUALA LUMPUR, April 6 — Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system. Liquidity in […]
Ringgit opens firmer against US dollar on softer greenback amid Middle East tensions
KUALA LUMPUR, April 6 — The ringgit opened firmer against the US dollar and other major currencies on Monday, supported by a softer greenback amid lingering geopolitical tensions in […]
As fuel prices surge, Austria, Italy, Germany, Portugal and Spain moot windfall tax on energy companies
Ministers from Germany, Italy, Spain, Portugal and Austria send letter They say companies must help ‘ease burden on the general public’ EU says it is considering targeted crisis measures German […]
Opec+ to discuss oil production rise as Iran war weighs on markets
VIENNA, April 5 — Key members of the Opec+ oil cartel will today discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The […]