Newsfeed – Business News
AI frenzy sends S.Korea, Taiwan stocks to record highs
EMERGING Asian stock markets rallied to multi-year highs on Thursday, with South Korea and Taiwan notching record peaks, as a fresh wave of artificial intelligence-fuelled optimism boosted risk appetite. Read […]
Gold hovers near record high on US rate-cut bets, government shutdown
GOLD prices edged higher on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts this year and political uncertainty. Read full […]
Budget 2026 likely to see record high of RM430.3bil federal govt spending, says Kenanga
KUALA LUMPUR: Kenanga Investment Bank Bhd expects federal government spending to hit a record high of RM430.3 billion next year amid growing operating expenditure (OE) and development expenditure (DE). Read full story […]
Shein plans first permanent stores in France, sparking backlash
ONLINE fast-fashion retailer Shein will open its first permanent stores in France in November under an agreement with department store owner Société des Grands Magasins (SGM), a move that sparked […]
OpenAI hits US$500bil valuation after share sale to SoftBank, others, source says
OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source […]
Bursa rally builds, tech shares jump on weak US labour report
KUALA LUMPUR: The rally on Bursa Malaysia picked up steam on Thursday with investors buying up a broad spread of over 700 stock counters on the Malaysian market. Read full […]
Pekat unit inks RM85.68mil LSSPV plant job in Kulai
KUALA LUMPUR: Pekat Group Bhd said its wholly-owned subsidiary Pekat Solar Sdn Bhd has finalised an engineering, procurement and construction contract with a company in relation to a 63MWac large […]
Matrix Concepts’ Datuk Lee transfers 10mil shares to Kelvin Lee, bourse filing shows
KUALA LUMPUR: Matrix Concepts Holdings Bhd founder and group executive deputy chairman Datuk Seri Lee Tian Hock has recently transferred 10 million shares in the company to his son, Kelvin […]
Oil rises on Russia sanctions fears after 3-day losing streak
TOKYO/SINGAPORE: Oil prices rose on Thursday after losses in previous three sessions due to market oversupply concerns, as the potential for tighter sanctions on Russian crude lent some support. Read […]
ACE Market debutant Camaroe eyes capacity boost, China growth
KUALA LUMPUR: ACE Market debutant Camaroe Bhd is setting its sights on capacity expansion and international growth, especially in China, following its successful listing. Read full story Date: 2 October, […]