Newsfeed – Business News
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 […]
EU tells China trade status quo ‘not an option’ after talks
BRUSSELS, June 30 — Europe and China vowed yesterday to tackle their trade frictions through dialogue despite the EU warning the status quo was not an option, following all-day talks […]
ECB chief Lagarde says eurozone more ‘resilient’ to geopolitical shocks
FRANKFURT, June 30 — The eurozone will face more frequent geopolitical shocks but growing “resilience” means it is better placed to cope, European Central Bank President Christine Lagarde said yesterday. […]