Business
Back to homepage
Hong Kong stocks dive more than 3pc in tech rout
HONG KONG, Oct 22 — Hong Kong stocks tumbled more than three per cent Thursday as tech firms joined an Asia-wide selloff fuelled by growing worries about the AI investment boom. The Hang Seng Index dived 3.1 per cent to
Read More
eBay to cut 1,000 jobs, or 9pc of workforce, after earlier layoffs
NEW YORK, Oct 22 — US e-commerce platform eBay will cut some 1,000 jobs, or about nine per cent of its workforce, a spokesperson told AFP on Wednesday, following an initial round of layoffs in February. The company informed staff
Read More
Oil, AI and a feud with Musk: India billionaire Mukesh Ambani’s Jio launches US$3.2b IPO
MUMBAI, Oct 21 — The digital arm of conglomerate Reliance Industries launched its potentially record-breaking IPO today, testing billionaire owner Mukesh Ambani’s digital ambitions after a turbulent year marked by energy conflicts and clashes with Elon Musk. Jio Platforms, home
Read More
BBC axes 100-plus news jobs, pulls plug on two TV channels in £500m savings drive
LONDON, Oct 21 — The BBC announced more than 100 job cuts and the closure of two channels yesterday as the cash-strapped UK broadcaster aims to save £500 million (RM2.7 billion) over the next two years. BBC News announced the
Read More
Netflix shares sink 5pc as weak outlook overshadows US$3.7b profit
SAN FRANCISCO, Oct 21 — Netflix stock dropped more than 5 per cent yesterday afternoon after its quarterly earnings release failed to assuage investor concerns about a slowdown in viewer engagement and revenue growth. “We know there’s some investor concern
Read More
Zetrix AI withdraws 0.25 sen interim dividend to preserve working capital
KUALA LUMPUR, Oct 19 — Zetrix AI Bhd has withdrawn its first interim dividend of 0.25 sen per share for the financial year ending Dec 31, 2026 (FY2026), declared on Aug 24, 2026. In a filing with Bursa Malaysia today, the
Read More
Ringgit opens mostly higher after Malaysia’s GDP growth beats expectations
KUALA LUMPUR, Oct 19 — The ringgit opened mostly higher against a basket of major currencies today after Malaysia’s advance estimate of third-quarter 2026 gross domestic product (GDP) growth came in stronger than expected at 5.3 per cent. Against the US
Read More
Marrybrown serves up expansion plans with 30 new Malaysian outlets, Cambodia debut
JOHOR BAHRU, Oct 17 — Local fast-food chain Marrybrown aims to open 30 new outlets nationwide by 2027 as part of its strategy to expand operations and strengthen its position in the fast-food industry. Marrybrown Malaysia chief executive officer Daniel
Read More
Bursa Malaysia retreats from opening gains as investors turn cautious ahead of weekend
KUALA LUMPUR, Oct 16 — Bursa Malaysia opened slightly higher today but eased thereafter due to mild profit-taking in selected heavyweight counters At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 5.38 points, or 0.33 per cent, to 1,618.32 from
Read More
Ringgit steady against US dollar ahead of Malaysia’s third-quarter GDP estimate
KUALA LUMPUR, Oct 16 — The ringgit opened flat against the US dollar today as external factors, including expectations of a restrictive US monetary policy, offset support from a weaker greenback. At 8 am, the ringgit was almost unchanged at 4.0800/0845
Read More