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Asia stocks fall as tech rout continues amid inflation worries and US-Iran tensions
HONG KONG, June 10 — Stocks fell today to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible US interest rate hikes. Worries over
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Ringgit edges lower against greenback ahead of crucial US CPI report
KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the United States Consumer Price Index (CPI) data tonight. At 8 am,
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Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions
KUALA LUMPUR, June 9 — The ringgit opened higher against the US dollar and most major currencies today, tracking a slight pullback in the US Dollar Index (DXY) amid easing tensions in West Asia. At 8 am, the local note
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Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict. At 9.07 am, the
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Malaysia’s 1Q 2026 approved investments hit RM92.8b as domestic inflows strengthen, says Mida
KUALA LUMPUR, June 8 — Malaysia has secured RM92.8 billion in approved investments for the first quarter of 2026 (1Q 2026), with Japan emerging as the largest foreign investor and domestic investment recording its strongest year-on-year growth in the reporting
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Opec+ raises July oil production quotas amid supply concerns
VIENNA, June 8 — Opec+ ministers decided yesterday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast
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Astro announces Euan Smith’s departure as group CEO, Henry Tan to serve as interim
KUALA LUMPUR, June 8 — Astro Malaysia Holdings Bhd today said group chief executive officer Euan Smith has stepped down after six years with the company. Former chief executive Henry Tan will return as interim group CEO from June 16
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Ringgit trades mixed after upbeat US jobs data lifts greenback
KUALA LUMPUR, June 8 — The ringgit traded mostly higher against major currencies but was easier against the US dollar in early trade today as the greenback strengthened following better-than-expected US labour market data. At 8am, the local note depreciated
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Record profit hopes fade as war and jet shortages cloud airline outlook
RIO DE JANEIRO, June 6 — Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while
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Indonesian hotel chain Archipelago International leaves Cuba as Trump deadline looms
JAKARTA, June 6 — Indonesian hotel chain Archipelago International has confirmed its exit from Cuba citing US sanctions, with the group telling AFP on Friday it may resume operations “if the situation improves”. Foreign businesses including several international hotel chains
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