Newsfeed – Business News
Ringgit softens on resurfacing US tariff concerns, trades lower against major currencies
KUALA LUMPUR, June 3 — The ringgit ended lower today against the American dollar amid volatile currency markets as concerns over US tariffs resurfaced. At 6 pm, the local currency […]
Bursa Malaysia reverses early gains to close weaker on telco, banking drag
KUALA LUMPUR, June 3 — Bursa Malaysia’s benchmark index reversed earlier gains to end lower today, weighed down by losses in telecommunications and banking sectors, despite a broadly positive performance […]
Gas Malaysia rolls out Asia Pacific’s first LOOP system to turn methane into graphene
KUALA LUMPUR, June 3 — Gas Malaysia Bhd has deployed the first LOOP system in Asia Pacific, using technology developed by Levidian Nanosystems Ltd to produce graphene and capture carbon […]
Former Thai PM Thaksin to be granted full release under royal pardon
BANGKOK, June 3 — Former Thai prime minister Thaksin Shinawatra is set to be fully discharged from his sentence under a royal pardon granted in conjunction with the occasion of […]
Oil prices rise on Iran peace jitters as tech rally lifts global stocks
HONG KONG, June 3 — Oil prices extended gains Wednesday as Middle East peace talks stuttered, though stocks mostly rose on the back of continued demand for all things linked […]
Japan backs US$19b package to cushion Iran war impact on households
TOKYO, June 3 — Prime Minister Sanae Takaichi’s government backed on Wednesday US$19 billion (RM75.65 billion) in additional spending to help Japanese households struggling with soaring everyday costs driven by […]
US proposes tariffs on Malaysia, 59 other economies over forced labour concerns
WASHINGTON, June 3 — The United States has proposed new tariffs targeting Malaysia and 59 other economies over alleged failures to act against forced labour, as it moves to rebuild […]
Bargain hunting lifts Bursa Malaysia after long break, Wall Street leads
KUALA LUMPUR, June 3 — Bursa Malaysia opened higher on Wednesday as investors engaged in bargain hunting following the extended market closure last week, while positive sentiment from Wall Street’s […]
SpaceX targets US$75b IPO at US$135 per share
NEW YORK, June 3 — SpaceX plans to raise US$75 billion (RM298 billion) in its initial public offering by selling 555.6 million shares at a target price of US$135 per […]
Ringgit slips against dollar as strong US data dims Fed rate-cut hopes
KUALA LUMPUR, June 3 — The ringgit opened slightly lower against the US dollar on Wednesday as better-than-expected United States (US) economic data and uncertainty in West Asia kept the […]