Newsfeed – Business News
South Korea central bank raises rates for first time in three years as chip exports surge
SEOUL, July 16 — South Korea’s central bank hiked interest rates Thursday for the first time in more than three years and indicated more to come amid robust economic growth […]
AI boom powers TSMC to record RM89.6b quarterly profit
TAIPEI, July 16 — Taiwanese chipmaker TSMC reported a record net profit for the second quarter on Thursday, fuelled by massive demand for artificial intelligence hardware. TSMC, the biggest contract […]
TikTok Shop closes in on Shopee as usage rises to 62pc among Malaysian online shoppers, Ipsos survey finds
KUALA LUMPUR, July 16 — More Malaysians are turning to e-commerce platforms for everyday purchases, with TikTok Shop continuing to narrow the gap with market leader Shopee, according to a […]
US slaps 25pc tariff on Brazilian imports after trade probe
WASHINGTON, July 16 — The United States on Wednesday announced a new tariff on various imports from Brazil, after a year-long investigation into the Latin American giant’s trade and other […]
Australia targets big firms with tougher modern slavery penalties after US tariff threat
SYDNEY, July 16 — Australia will make big companies criminally liable for modern slavery in supply chains, the nation’s top lawyer said Thursday, weeks after the United States threatened trade […]
Malaysian households now 18pc better off than before Covid — but debt clouds the horizon
KUALA LUMPUR, July 16 — The average Malaysian household now has 18 per cent more purchasing power than it did in 2019, according to a new consumer outlook report from […]
Bursa Malaysia rebounds as softer US inflation lifts global sentiment
KUALA LUMPUR, July 16 — Bursa Malaysia rebounded to open higher on Thursday, tracking Wall Street’s overnight gains as easing US inflationary pressures lifted global risk sentiment. At 9.10am, the […]
Wall Street rises as tame inflation data lifts tech giants
NEW YORK, July 16 — Wall Street stocks advanced Wednesday following another benign US inflation report as oil prices edged higher following the latest escalation of fighting between the United […]
Ringgit gains as weaker US data drags dollar lower
KUALA LUMPUR, July 16 — The ringgit extended its gains against the US dollar at Thursday’s opening, supported by weaker-than-expected US economic data, an analyst said. At 8am, the local […]
AI boom propels Japan’s chipmaker Kioxia from obscurity to market heavyweight
KITAKAM (Japan), July 15 — Robotic transporters carrying silicon wafers whizz by on overhead rails at a new factory that Kioxia, one of Japan’s most valuable companies, hopes can help […]