News
Ringgit opens higher against major currencies, eases vs US$
12+ min ago (142+ words) KLSE Screener Ringgit opens higher against major currencies, eases vs US$ KUALA LUMPUR: The ringgit opened higher against major currencies today but eased marginally against the US dollar after stronger-than-expected United States inflation reinforced expectations that the Federal Reserve (Fed)…...
Ringgit opens higher against major currencies, eases vs US dollar
43+ min ago (299+ words) KUALA LUMPUR: The ringgit opened higher against major currencies today but eased marginally against the US dollar after stronger-than-expected United States inflation reinforced expectations that the Federal Reserve (Fed) could keep interest rates higher for longer. At 8am, the local currency…...
Japan's Nikkei slumps as chip selloff, geopolitical tensions dent risk appetite
27+ min ago (170+ words) TOKYO: Japan's Nikkei share average fell on Thursday, weighed by a sell-off in chip-related stocks, while escalating US-Iran tensions reignited inflation concerns and prompted investors to shun risky assets. The Nikkei was down 1. 30 per cent at 63, 360. 96 as of 0046 GMT. Earlier…...
Gold slides 3pct as Middle East escalation fuels inflation, rate-hike concerns
1+ hour, 2+ min ago (371+ words) NEW YORK: Gold prices fell more than three per cent on Wednesday as fears of a wider US-backed war with Iran stoked concerns about interest rate hikes to curb rising inflation, with investors focusing on key US data for clues…...
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran
50+ min ago (248+ words) LONDON: OPEC oil output in May hit its lowest level in more than two decades, a Reuters survey found, as a US naval blockade cut Iran's exports and Iran's effective closure of the Strait of Hormuz slashed exports by other…...
ESG summit on creating circular urban systems to achieve low carbon economy
2+ hour, 8+ min ago (106+ words) KLSE Screener ESG summit on creating circular urban systems to achieve low carbon economy PETALING JAYA: From trade compliance to board governance, organisations have significant opportunities to build and develop their competitive advantage in the low-carbon economy. Cities, meanwhile, can…...
Takaful industry eyes cautious outlook after 4. 7pct growth in 2025 [WATCH]
1+ hour, 22+ min ago (439+ words) KUALA LUMPUR: Malaysia's takaful industry expects a cautious outlook ahead as global uncertainties weigh on business confidence and consumer sentiment, despite recording steady growth in 2025. Malaysian Takaful Association (MTA) interim chairman Borhanudin Samsudin said the industry remained resilient last year,…...
Petronas rejigs upstream portfolio as UK's En Quest takes PSC stakes [WATCH]
1+ hour, 21+ min ago (402+ words) KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is transferring operatorship and stakes in several producing upstream assets in Peninsular Malaysia and Sarawak to En Quest Petroleum Production Malaysia Ltd. The series of agreements signed by its upstream arm Petronas Carigali Sdn…...
Investing in recession-proof businesses
1+ hour, 20+ min ago (542+ words) EVERY investor worries about recessions. Economic downturns can cause unemployment to rise, consumer spending to fall, and corporate profits to decline. While no business is completely immune to economic cycles, some companies are far more resilient than others. A recession-proof…...
1 Q earnings performance to back market sentiment
2+ hour, 8+ min ago (124+ words) KLSE Screener 1 Q earnings performance to back market sentiment PETALING JAYA: The recently concluded first quarter of calendar year 2026 (1 QCY26) earnings season can likely help reinforce confidence in the outlook for Malaysian equities as investors look ahead to the rest of…...