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Hormuz chaos: Insurers pull war cover as Iran says it will strike any vessel
LONDON, March 3 — Insurance companies are cancelling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait
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US appeals court says no to Trump delay in multi-billion-dollar tariff refund showdown
WASHINGTON, March 3 — A US federal appeals court yesterday rejected President Donald Trump’s push to delay legal proceedings linked to tariff refunds, allowing the battle to proceed in a lower court. The Supreme Court last month delivered a stinging
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Intelligence assessment warns of Iranian attacks on US following Khamenei’s death
WASHINGTON, March 3 — Iran and its proxies could target the US with attacks in response to the Saturday killing of Iranian Supreme Leader Ali Khamenei by Israeli and US strikes, according to a US intelligence assessment reviewed by Reuters.
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Explainer: What is China’s Five-Year Plan and why does it shape the global economy?
BEIJING, March 3 — China’s new Five-Year Plan – a roadmap outlining its economic and social strategy to 2030 – is expected to be formally approved during the annual Two Sessions political conclave, which begins Wednesday. A framework published in
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‘Big wave hasn’t happened’: Trump signals prolonged war with Iran
WASHINGTON, March 3 — US President Donald Trump warned yesterday that his attack on Iran could extend longer than a month, as the war spread with Israel bombarding Lebanon and Tehran targeting oil facilities in Gulf countries. New powerful explosions
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Travel stocks wipe out RM88.7b after Middle East war grounds flights worldwide
LONDON, March 3 — Travel shares tumbled yesterday, shedding US$22.6 billion (RM88.7 billion) as escalating conflict between the US, Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks
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Bursa rebounds strongly after yesterday’s sell-off, FBM KLCI up over 14 points at open
KUALA LUMPUR, March 3 — Bursa Malaysia rebounded to open higher today as bargain hunting emerged after yesterday’s sell-off. At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.20 points, or 0.83 per cent, to 1,714.41 from Monday’s close
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Middle East turmoil sends US dollar up, euro and yen on back foot
TOKYO, March 3 — The yen and euro were broadly lower today as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven
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Wall Street ends narrowly mixed, trading volatile after air strikes on Iran
NEW YORK, March 3 — US stocks ended close to flat yesterday after a volatile session that saw shares drop early following weekend US and Israeli air strikes on Iran, but there were bounces throughout the day as investors bought
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Ringgit stays above RM3.90 as markets brace for more Middle East volatility
KUALA LUMPUR, March 3 — The ringgit opened marginally higher against the US dollar today, even as risk-off sentiment prevailed amid the ongoing military conflict in the Middle East. At 8am, the local currency was traded at 3.9210/9340 against the
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