Newsfeed – Business News
Oil hovers near 2-week highs on expected US interest rate cut, geopolitical risk
SINGAPORE: Oil prices hovered at two-week highs on Monday as investors expect a likely U.S. Federal Reserve interest rate cut this week to lift economic growth and energy demand, while […]
Mydin to cut foreign worker dependency with high-automation RM447mil distribution centre
KUALA LUMPUR: Mydin Mohamed Holdings Bhd expects to reduce its dependency on foreign workers with the development of its new automated national distribution centre (MDC) in Elmina, Selangor. Read full […]
Creador acquires 7% stake in India’s La Renon Healthcare
PETALING JAYA: Private equity firm Creador has acquired a 7% stake in India-based pharmaceutical firm, La Renon Healthcare, from its promoter and an existing investor. Read full story Date: 8 […]
Indonesia stocks hit record high, currencies muted ahead of Fed decision
MOST emerging Asian equity markets gained on Monday, with Indonesia’s hitting a record high, while currencies held steady on investor caution ahead of the U.S. Federal Reserve’s rate decision this […]
Gold rises on dollar weakness; traders eye Fed rate cut
GOLD nudged higher on Monday, supported by a softer dollar as traders grew more confident the U.S. Federal Reserve will deliver an interest rate cut at its policy meeting this […]
IBM nears US$11bil Confluent deal to boost cloud push, WSJ reports
IBM is in advanced talks to acquire data-infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue’s ability […]
Opening-up to expand as key growth driver
CHINA will continue to push forward high-standard opening-up while bolstering domestic consumption to support high-quality development, the country’s top commerce official said on Saturday. Read full story Date: 8 December, […]
IOI Properties launches Banting Industrial Park with estimated GDV RM1.8bil
KUALA LANGAT: IOI Properties Group Bhd (IOIPG) today launched its 130.31-hectare (322-acre) IOI Industrial Park @ Banting, signifying its progress to advance its industrial segment strategy. Read full story Date: 8 December, […]
MISC wins contract to supply floating production unit for Brunei gas project
KUALA LUMPUR: MISC Bhd has secured a contract from PETRONAS Carigali Brunei Ltd (PCBL) to lease, operate and maintain a floating production unit (FPU) for a natural gas development project […]
China’s exports top expectations on strong sales to non-US markets
BEIJING: China’s exports topped forecasts in November, driven by a surge in shipments to non-U.S. markets as manufacturers deepen trade ties with the rest of the world in light of […]