Newsfeed – Business News
Robot fever: Unitree IPO demand tops initial Shanghai offering 2,700 times over
SHANGHAI, Aug 10 — Chinese robot maker Unitree Robotics today opened subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange’s sci-tech innovation board, or STAR Market, following […]
Tech leads Asian rally as Trump plays ‘chess game’ with Iran and oil spikes
HONG KONG, Aug 10 — Stocks rose today as investors pared their bets on a US interest rate hike after data showed thousands of jobs were lost in July, though […]
Ringgit could find its footing by end-August, Kenanga IB says
KUALA LUMPUR, Aug 10 — Kenanga Investment Bank Bhd (Kenanga IB) expects the ringgit to stabilise by end-August as the US dollar gives back some of its earlier gains following […]
Bursa rides Wall Street’s coattails to a firmer open
KUALA LUMPUR, Aug 10 — Bursa Malaysia opened higher on Monday, taking cues from gains on Wall Street on Friday. At 9.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged […]
US jobs shock gives ringgit a lift, but Hormuz remains the wildcard
KUALA LUMPUR, Aug 10 — The ringgit opened higher against the US dollar on Monday on weaker United States (US) non-farm payrolls (NFP) data. At 8am, the local currency strengthened […]
ZXMoto leads China’s charge to dominate the global motorbike market
CHONGQING, Aug 10 — Zhang Xue wept with joy and furiously waved a Chinese flag as he watched his company’s superbike scream across the finish line four seconds ahead of competitors […]
Football vs Wall Street: Inside the fight for the World Cup’s soul
LONDON, Aug 9 — What does artificial intelligence (AI) have to do with the World Cup? Quite a lot, according to the tech investors who were prepared to put billions […]
China’s consumer, factory prices slow as deflation pressure persists
BEIJING, Aug 9 — China’s consumer and factory prices grew slower than expected last month, official data showed Sunday, as the world’s second-largest economy confronts persistent deflationary pressure. The consumer […]
Scorching temperatures cook South Korea’s vegetable and fish supplies
SEOUL, Aug 9 — Prices of agricultural goods in South Korea have spiked as the country grapples with a severe heat wave, Yonhap news agency reported industry data showed Sunday. […]
Amazon behind massive private gas plant for new data centres
WASHINGTON, Aug 8 — Amazon confirmed yesterday it is financing a massive, private gas power plant in Texas that could become the single largest source of greenhouse gas emissions in the […]