Newsfeed – Business News
Ringgit strengthens against US dollar, regional currencies amid West Asia uncertainty
KUALA LUMPUR, July 13 — The ringgit ended higher against major and regional currencies, including the US dollar, on Monday amid continued geopolitical uncertainties in West Asia. At 6pm, the […]
Bursa Malaysia climbs as plantation stocks offset cautious sentiment
KUALA LUMPUR, July 13 — Bursa Malaysia ended higher today as gains in plantation and commodity-related counters offset the cautious regional sentiment. At 5pm, the FTSE Bursa Malaysia KLCI (FBM […]
Malaysia poised to gain as Indonesia likely to cut palm oil exports, says MPOC
KUALA LUMPUR, July 13 — The recent launch of Indonesia’s nationwide rollout of the B50 biodiesel mandate presents an opportunity for Malaysia to strengthen its existing palm oil markets while […]
South Korea’s Kospi plunges 8pc, triggering circuit breaker amid West Asia tensions
SEOUL, July 13 — South Korea’s bourse operator on Monday activated a circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) after stocks tumbled amid renewed tensions in […]
Hyundai workers stage partial strike amid pay dispute
SEOUL, July 13 — Hyundai Motor’s labour union began a three-day partial walkout today after long-running wage negotiations with management broke down. Workers at South Korea’s largest automaker will down […]
Oil price jumps over 4pc as US-Iran fighting flares, Asian markets mostly fall
HONG KONG, July 13 — Oil prices jumped more than four per cent today after another flare-up between the US and Iran that threatened their already fragile truce, while Seoul […]
Petronas inks seven-year LNG supply deal with Japan’s Shizuoka Gas
KUALA LUMPUR, July 13 — Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG Ltd (PLL) has inked a seven-year new liquefied natural gas (LNG) sale and purchase agreement with Shizuoka Gas […]
Bursa Malaysia retreats after opening higher as investors lock in gains
KUALA LUMPUR, July 13 — Bursa Malaysia opened slightly higher today but retreated thereafter, as investors took profit following the benchmark index’s rally to a two-week high above the 1,690 […]
Ringgit dips against US dollar amid Middle East tensions
KUALA LUMPUR, July 13 — The ringgit opened slightly lower against the US dollar today amid uncertainties over the free flow of vessels through the Strait of Hormuz and the […]
Amid cost-cutting push, Volkswagen CEO says there are ‘smarter solutions’ than closing factories
BERLIN, July 12 — Volkswagen Group chief executive Oliver Blume said he believed the carmaker could avoid factory closures as it presses ahead with efforts to cut costs, reported German […]