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US jobs rise but consumer confidence sinks to historic low amid Iran war fallout
WASHINGTON, May 9 — US employment rose more than expected in April, alleviating some concerns about the health of the world’s largest economy even as one measure of consumer confidence came in at its lowest-ever level. “Total nonfarm payroll employment
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World food prices hit three-year high in April as Iran war drives up oils, says FAO
LONDON, May 8 — World food prices climbed in April to their highest in more than three years, with vegetable oils particularly elevated due to the Iran war and the effective closure of the Strait of Hormuz, the United Nations
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Indonesia sees US$3.3b foreign inflows as central bank steps up rupiah defence
JAKARTA, May 8 — Indonesia recorded US$3.3 billion (RM12.9 billion) in net foreign portfolio inflows from January to April, driven by inflows into Bank Indonesia Rupiah Securities (SRBI) as the central bank intensified efforts to stabilise the rupiah amid global
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Google faces new £3b UK lawsuit over online display advertising
LONDON, May 8 — Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced yesterday, in the latest antitrust action against the US tech giant. The claim filed on behalf of
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Amazon Web Services says overheating at North Virginia data centre disrupts services
SAN FRANCISCO, May 8 — Amazon’s cloud unit, Amazon Web Services, said yesterday it was working to restore normal temperatures at a data centre in North Virginia after overheating disrupted some services. The incident caused a power loss that affected
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Trump gives EU July 4 deadline to ratify trade deal or face ‘much higher’ tariffs
WASHINGTON, May 8 — President Donald Trump yesterday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. Trump
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Ringgit opens higher against euro, pound, yen; slips vs greenback
KUALA LUMPUR, May 8 — The ringgit opened higher against most major currencies but eased versus the US dollar as investors remained cautious following renewed escalation in the West Asia conflict, which dimmed hopes for a peace deal between the
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Bursa Malaysia climbs at open as banks lead gains ahead of Bank Negara OPR decision
KUALA LUMPUR, May 7 — Bursa Malaysia opened higher on Thursday, supported by buying interest in banking and financial stocks ahead of Bank Negara Malaysia’s Overnight Policy Rate (OPR) announcement later today, in line with overnight gains on Wall Street.
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AirAsia’s record 150-aircraft Airbus order lifts Capital A shares
KUALA LUMPUR, May 7 — Capital A Bhd shares rose in early trade today following AirAsia Bhd’s placing an order for 150 Airbus A220 aircraft, the largest order for the model to date. Capital A is the parent and holding
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Airbus confirms record 150-jet A220 order
KUALA LUMPUR, May 7 — Airbus has confirmed today that AirAsia Bhd has placed an order for 150 A220 aircraft, the largest order for the model so far. Lars Wagner, Airbus chief executive officer of the Commercial Aircraft business, announced
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