Newsfeed – Business News
Bursa Malaysia snaps four-day winning streak on profit-taking
KUALA LUMPUR, April 22 — Bursa Malaysia snapped a four-day winning streak to close marginally lower today, as profit-taking followed mixed performances across regional markets. At 5pm, the FTSE Bursa […]
Chinese automakers winning ground in Europe’s car market
PARIS, April 22 — Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological advances their competitors are trying to copy, and analysts […]
EPF sells one million Sunway Healthcare shares, cuts stake to 4.99pc
KUALA LUMPUR, April 21 — The Employees Provident Fund (EPF) has reportedly sold one million shares in Sunway Healthcare Holdings Bhd, losing its status as a substantial shareholder in the latter. […]
Trump’s pick for US Fed chair says he won’t be a puppet
WASHINGTON, April 22 — Donald Trump’s choice to lead the US Federal Reserve, Kevin Warsh, stressed yesterday that he would not be controlled by the president as he fielded questions […]
Bursa Malaysia opens higher as hopes rise for fresh US-Iran talks
KUALA LUMPUR, April 22 — Bursa Malaysia opened higher today on improved sentiment amid possible renegotiations between the US and Iran despite Wall Street closing lower overnight. At 9.13am, the […]
Ringgit stays flat as Trump extends US-Iran ceasefire talks
KUALA LUMPUR, April 22 — The ringgit opened almost flat against the US dollar today as market sentiment remained cautious following news that the US-Iran ceasefire originally expected to expire […]
UK giant to break up: Primark set for spin-off in shake-up of retail empire
LONDON, April 21 — Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country’s largest consumer businesses. “A demerger […]
Ringgit gains ground at close as markets watch US–Iran talks closely
KUALA LUMPUR, April 21 — The ringgit strengthened against the US dollar and other major currencies at Tuesday’s close, despite a firmer US Dollar Index, as investors closely monitored developments […]
Stocks tumble as doubt grows over Iran-US peace talks
LONDON, April 21 — Stocks wobbled on Tuesday as doubts grew about peace talks taking place between Iran and the United States in Pakistan ahead of the end of a […]
Elon Musk vacuums up US$1.4b in SpaceX stock from past and present employees
NEW YORK, April 21 — Elon Musk increased his stake in SpaceX last year by purchasing US$1.4 billion (RM5.5 billion) worth of stock from current and former employees, The Information […]