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South Korea’s Hyundai, Kia sell over 130,000 EVs in Europe in first half of 2026
SEOUL, Aug 2 — Hyundai Motor Co. and Kia Corp. sold more than 100,000 electric vehicles (EVs) in Europe in the first half of the year as the South Korean automakers stepped up efforts to strengthen their presence in the
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Yen rises after reported US‑Japan joint intervention, first since 1998
TOKYO, Aug 2 — Washington and Tokyo jointly intervened to shore up the Japanese yen for the first time in nearly 30 years after the currency sank to its weakest level in decades, the Financial Times has reported. The reported intervention came
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South Korean won hits strongest monthly rally in 16 years after SK hynix’s Nasdaq listing
SEOUL, Aug 2 — The South Korean won appreciated at its fastest monthly pace since 2009, driven largely by a surge in US dollar inflows into the country’s foreign exchange market following SK hynix Inc.’s American depositary receipt (ADR) offering
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From apps to drones: Baltic founders build tools for a new security era as Russia threat grows
VILNIUS, Aug 2 — When Russia launched its full-scale invasion of Ukraine, Rapolas Markevicius was managing a private equity fund in Lithuania, a Nato member on the alliance’s eastern flank that fears it could be Moscow’s next target. Four-and-a-half years
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Opec+ set to raise oil output in September as members push for more supply
LONDON, Aug 2 — Saudi Arabia, Russia and five other members of Opec+ are expected to raise their oil production quotas for September when they meet online Sunday as the Middle East war continues to disrupt global energy supplies. The
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Hajiji: Sabah expects 40pc stake in floating gas project, 20pc in Sandakan field under new Petronas deal
KALABAKAN, Aug 1 — The Sabah government is expected to secure a 40 per cent stake in a floating liquefied natural gas (FLNG) project in the state under an agreement to be signed with Petronas in the coming months. Sabah
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F&N profit rises to RM93.6m as Malaysia growth offsets Indochina weakness
KUALA LUMPUR, July 31 — Fraser & Neave Holdings Bhd’s (F&N) net profit rose to RM93.58 million in the third quarter ended June 30, 2026 (3Q FY2026) compared to RM84.82 million in the same period a year ago, arising from
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ExxonMobil cashes in on oil shock with US$14.5b quarterly profit
NEW YORK, July 31 — ExxonMobil’s second-quarter profits more than doubled to US$14.5 billion (RM60 billion) on surging oil prices and refining margins due to the Middle East war, the company reported today. The results come on the heels of
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Bank Negara: Cheaper fuel cools Malaysia’s inflation to 1.9pc in June
KUALA LUMPUR, July 31 — Lower retail fuel inflation, particularly for RON97 and diesel, contributed to Malaysia’s headline inflation easing to 1.9 per cent in June, said Bank Negara Malaysia (BNM). In its Monthly Highlights for June 2026 released today,
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ExxonMobil, Chevron profits surge as Middle East crisis lifts oil prices, but Trump under pressure as US consumers feel the squeeze
NEW YORK, July 31 — US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump’s worries about upcoming midterm elections. The second-quarter reports from ExxonMobil
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