Newsfeed – Business News
Six billion parcels and counting: A guide to the EU’s RM14 duty on cheap Chinese imports
BRUSSELS, July 1 — The European Union will slap a three-euro (RM14) duty on cheap parcels entering the 27-nation bloc on Wednesday to stem a surge in low-value packages, mainly […]
Air travel demand drops 2.2pc in May 2026: IATA reveals mixed regional trends
KUALA LUMPUR, June 30 —Total air passenger demand, measured in revenue passenger kilometres (RPK), declined 2.2 per cent year-on-year (y-o-y) in May 2026, according to the International Air Transport Association […]
Ringgit slides as cautious markets await key US economic data
KUALA LUMPUR, June 30 — The ringgit closed lower against the US dollar today as market participants stayed cautious ahead of key United States economic data due later tonight. At 6pm, […]
Public Mutual declares over RM96m in distributions for five funds
KUALA LUMPUR, June 30 — Public Mutual, a wholly-owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM96 million for five funds for the financial year […]
China says it is not ‘root cause’ of EU’s economic woes after trade talks
BEIJING, June 30 — China’s foreign ministry said today that the country is not the “root cause” of issues facing the European Union’s economy, following talks in Brussels aimed at […]
Petronas unlocks over one billion barrels with latest Suriname discoveries
KUALA LUMPUR, June 30 — Petroliam Nasional Bhd (Petronas), through its wholly-owned subsidiary Petronas Suriname E&P B.V. (PSEPBV), has recorded two discoveries and achieved a successful appraisal in Suriname’s offshore […]
Taiwan raids Super Micro offices in widening Nvidia chip smuggling probe
TAIPEI, June 30 — Taiwanese investigators have raided the Taiwan offices of US company Super Micro Computer and two other tech firms, a prosecutor said today, as part of an […]
China’s factory activity returns to growth in June despite global headwinds
BEIJING, June 30 — China’s factory activity picked up this month, official data showed today, providing a much-needed boost to authorities as Beijing battles to kickstart the domestic economy. The […]
Tokyo vows ‘appropriate action’ as yen tumbles to weakest level since 1986
TOKYO, June 30 — Japan’s finance minister said today that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar. The currency has […]
Bursa opens slightly higher as Wall Street gains lift sentiment
KUALA LUMPUR, June 30 — Bursa Malaysia opened marginally higher on Tuesday, tracking Wall Street’s overnight gains as investor sentiment was lifted by the continued pause in military strikes between […]