Newsfeed – Business News
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 […]
Chip’s the word for India with US$13b plan to build its tech muscle
NEW DELHI, July 15 — India approved a new semiconductor programme on Wednesday, offering more than US$13 billion (RM54.94 billion) in financial assistance to accelerate local chip production as it […]
Ringgit holds steady as daily trade closes while traders juggle China fears and US inflation
KUALA LUMPUR, July 15 — The ringgit ended virtually unchanged against the US dollar today as concerns over China’s weaker economic performance and renewed geopolitical tensions offset softer-than-expected US inflation […]
Indonesia scores partial WTO win in fight over EU trade barriers for fatty acid exports
JAKARTA, July 15 — Indonesia has secured a partial victory at the World Trade Organisation (WTO) in its dispute with the European Union (EU) over anti-dumping duties on Indonesian fatty […]
China’s memory chip giant is gearing up for a US$9.8b blockbuster stock debut
BEIJING, July 15 — China’s leading memory chipmaker is seeking to raise up to US$9.8 billion (RM41.7 billion) in an initial public offering as the country counts on homegrown hardware […]
China’s economy expands 4.3pc in second quarter as property crisis and spending slump persist
BEIJING, July 15 — China’s economy grew at its weakest pace in more than three years during the second quarter, data showed Wednesday, missing expectations even as strong exports […]
Ringgit strengthens against US dollar as investors eye upbeat Malaysia GDP outlook
KUALA LUMPUR, July 15 — The ringgit opened higher against the US dollar on Wednesday as investors anticipated an upbeat advance estimate of Malaysia’s second-quarter (2Q) gross domestic product (GDP), […]
Ringgit ends lower as investors await US inflation data amid West Asia tensions
KUALA LUMPUR, July 14 — The ringgit ended lower against the US dollar on Tuesday as investors stayed cautious ahead of the release of the US inflation data for June […]