Newsfeed – Business News
eBay rejects GameStop’s US$56b takeover bid, calls offer not credible
PARIS, May 12 — Online marketplace eBay said today that it had rebuffed a takeover offer from video game retailer GameStop that valued the company at US$56 billion (RM173 billion), […]
Ringgit ends higher against major currencies but weaker versus US dollar
KUALA LUMPUR, May 12 — The ringgit closed higher against most major currencies, but eased versus the greenback amid expectations that firmer United States inflation could reinforce the US Federal […]
Bursa Malaysia closes higher on selective buying in blue chips
KUALA LUMPUR, May 12 — Bursa Malaysia rebounded to close higher today amid selective bargain-hunting in blue-chip stocks after closing lower in the last two trading sessions, analysts said. At […]
Unrelenting gas prices: India debates strategy as global conflicts hit supply
NEW DELHI, May 12 — India will at some stage need to assess how long state-run fuel retailers can sustain losses from selling transport fuels below market prices, oil minister […]
South Korea floats AI profit social tax as tech giants boom
SEOUL, May 12 — A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech […]
Unlikely Iran conflict casualty: Snackmaker Calbee’s packaging now monochrome to conserve ink
TOKYO, May 12 — Japan’s top maker of snacks has landed on a creative solution to conserve oil-derived input materials: it will switch its brightly coloured packaging to black and […]
Xi-Trump summit may yield farm deal, but China has limited soybean appetite
BEIJING, May 12 — China and the United States may reach a farm deal at their summit this week that expands Beijing’s purchases of grains and meat, but market watchers […]
Ringgit opens at 3.9200 against US dollar, higher against most major currencies
KUALA LUMPUR, May 12 — The ringgit opened higher against a basket of major currencies, including the US dollar, ahead of the release of key United States (US) economic data […]
Microsoft boss ‘proud’ of profit-making OpenAI investment
OAKLAND, May 12 — Microsoft CEO Satya Nadella said today he was “very proud” of his company’s profitable early investment in OpenAI, as he took the stand in Elon Musk’s […]
Ancom Nylex’s unit gets govt nod for Iskandar Malaysia PPP rail project
KUALA LUMPUR, May 11 — Ancom Nylex Bhd’s 42.2 per cent-owned subsidiary, Nylex (Malaysia) Bhd has received a letter of intent (LOI) from the government in relation to a proposed […]