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South Korea central bank raises rates for first time in three years as chip exports surge

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 […]

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