Newsfeed – Business News
Malaysia’s inflation eases to 1.4pc in 2025 as ringgit’s strength, BUDI95 help
KUALA LUMPUR, April 29 — Malaysia’s inflation moderated to 1.4 per cent in 2025 as compared to 1.8 per cent in the previous year, supported by the firmer ringgit, sustained […]
Big Four firm KPMG quits US government auditing business, redeploys 450 staff
WASHINGTON, April 29 — Big Four firm KPMG is shutting its federal government audit business and will redeploy more than 450 US staff after losing a US$60 million-a-year contract […]
Pernod Ricard ends talks to buy Jack Daniel’s owner Brown-Forman
PARIS, April 29 — French drinks giant Pernod Ricard said Tuesday that talks to buy Brown-Forman, the US owner of Jack Daniel’s whiskey, had ended without a deal. The companies […]
Powell’s last stand? US Fed chair prepares for possibly final press conference after surviving Trump
WASHINGTON, April 29 — The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a key policy meeting, likely the last chaired by central bank […]
Why the UAE is leaving Opec: The US$150b conflict with Saudi Arabia that will reshape energy markets
LONDON, April 29 — Opec and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but […]
Thailand courts Singapore for ‘land bridge’ to rival Malacca Strait amid Hormuz crisis
BANGKOK, April 29 — The closure of the Strait of Hormuz has given Thailand impetus to advance a longstanding plan to create a logistics link between the Indian and Pacific oceans, […]
Ringgit strengthens against US dollar as UAE shocks markets by quitting Opec
KUALA LUMPUR, April 29 — The ringgit strengthened against the US dollar but was mixed against other currencies in early trade today, amid cautious sentiment over oil price volatility and […]
OpenAI soap opera plays out in court as Musk accuses ‘Scam Altman’ of ‘looting charities’
OAKLAND, April 29 — Billionaire Elon Musk took the stand Tuesday to accuse OpenAI and its boss Sam Altman of betraying the AI company’s altruistic origins, in a trial that […]
UAE quits Opec, Opec+ after protesting lack of protection from Iran attacks
DUBAI, April 28 — The United Arab Emirates said today it was quitting Opec and Opec+, dealing a heavy blow to the oil exporting groups and their de facto leader, […]
Ringgit closes higher against major, regional currencies
KUALA LUMPUR, April 28 — The ringgit closed higher against major and regional currencies but was flat against the US dollar today amid cautious sentiments over rising crude oil prices. […]