Newsfeed – Business News
China blocks Meta’s acquisition of AI firm Manus
BEJING, April 27 — China has blocked Meta’s acquisition of AI startup Manus, the top economic planning body said today, after a regulatory review that reportedly also saw Beijing restrict […]
Proton reports 6,500 orders for e.MAS 7 plug-in hybrid
SHAH ALAM, April 27 — Proton’s energy vehicle arm, PRO-NET, is reporting steady consumer interest for its plug-in hybrid SUV, attributing the trend to rising fuel costs and recent cuts […]
Blue chip interest keeps Bursa Malaysia in the green as losers outpace gainers
KUALA LUMPUR, April 27 — Bursa Malaysia remained in positive territory at midday, supported by buying in heavyweights, led by Press Metal, Telekom Malaysia and Petronas Chemicals. These three counters […]
China’s Star 50 hits three-month high amid semiconductor surge, Hong Kong tech index jumps 1.3pc
HONG KONG, April 27 — China and Hong Kong stocks edged higher on Monday, led by technology shares, as data showing solid industrial profit growth and renewed AI enthusiasm lifted […]
Another day, another trade war: EU-China fight looms over ‘Made in Europe’ rules
BEIJING, April 27 — Beijing slammed on Monday an EU plan aimed to bolster the bloc’s industries against fierce competition from China, vowing countermeasures if it is enacted. The EU […]
Bursa Malaysia pops on open, buoyed by strong Intel earnings
KUALA LUMPUR, April 27 — Bursa Malaysia opened higher on Monday amid renewed interest as Malaysia is seen benefitting from increased data centre investments due to its reputation as a […]
Malaysia’s ringgit in holding pattern as traders wait for US Fed fireworks
KUALA LUMPUR, April 27 — The ringgit edged higher against the US dollar but was traded mostly lower against other major currencies in early trade on Monday amid subdued market […]
Oil prices surge to new highs as Trump scraps Witkoff-Kushner Islamabad trip
SINGAPORE, April 27 — Oil prices extended gains on Monday, rising nearly 2 per cent as peace talks between the US and Iran stalled while shipments through the Strait of […]
India plugs oil gap as Middle East supplies sink
MUMBAI, April 26 — India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden […]
Powell’s final meeting likely to extend pause, focus shifts to inflation containment
WASHINGTON, April 26 — The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy prices stay high and supply chains […]