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Dollar moves in lockstep with oil prices after Iran war surge
52+ min ago (427+ words) A gauge that tracks the correlation between the benchmark price of US oil and Bloomberg's dollar index over a 30-day period has spiked since early March, and is now approaching the peak last seen a year ago when President Donald…...
Core Weave, Meta strike another US$21 bil deal for AI computing
1+ hour, 59+ min ago (267+ words) Core Weave has been one of the chief beneficiaries of a race among major technology companies to build AI models that has sent demand for computing demand soaring. It's part of a group of "neoclouds" " businesses that, among other things,…...
US" 4 Q GDP growth revised lower to 0. 5% rate
1+ hour, 1+ min ago (315+ words) Gross domestic product increased at a downwardly revised 0. 5% annualised rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP estimate. The economy was previously reported to have grown at a 0. 7% pace in the fourth quarter. The advance…...
Thailand seizes US$260m assets linked to alleged scammers
1+ hour, 32+ min ago (327+ words) The latest seizure by the Anti-Money Laundering Office included cash, cars, bank deposits and other securities, bringing the total value of assets confiscated in the widening probe to more than 20 billion baht, officials said at a briefing in Bangkok on…...
Malaysia-Bangladesh to enhance cooperation on labour migration, says HR minister
3+ hour, 19+ min ago (302+ words) The matter was highlighted during a courtesy call by a Bangladesh delegation led by Expatriates" Welfare and Overseas Employment Minister Ariful Haque Choudhury, accompanied by Prime Minister"s Adviser Mahdi Amin, on Prime Minister Datuk Seri Anwar Ibrahim in Putrajaya…...
Banks roll out targeted relief as West Asia conflict heightens uncertainties
4+ hour, 4+ min ago (289+ words) They include Alliance Bank Malaysia Bhd (KL: ABMB), Standard Chartered Malaysia, Public Bank Bhd (KL: PBBANK) and Affin Bank Bhd (KL: AFFIN). In separate statements, the banks said the measures are aimed at easing short-term financial pressures and helping individuals…...
Govt to offer free mediation for legal disputes involving all types of contracts valued below RM250k, says Azalina
4+ hour, 16+ min ago (20+ words) The Edge Malaysia...
Bailey warns Iran war is compounding private credit stress
4+ hour, 42+ min ago (248+ words) Bailey, who is also Bank of England governor, said on Thursday that regulators needed to focus on the threat posed by private credit given its rapid rise and the febrile market responses to the conflict in the Middle East. "Private…...
Japan's consumer confidence tumbles by most since Covid pandemic
8+ hour, 11+ min ago (179+ words) The Edge Malaysia Confidence among multi-person households plunged to 33. 3 in March from a revised 39. 7 in the biggest drop since April 2020, according to a Cabinet Office report Thursday. The ratio of those expecting to see inflation a year from now jumped…...
Israel launches fresh strikes on Lebanon after huge attacks jeopardise truce
7+ hour, 54+ min ago (831+ words) Iranian negotiators were expected to set off later on Thursday for Pakistan for the first peace talks of the war, where they are due to meet a delegation led by US Vice-President JD Vance on Saturday. But there was no…...
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