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Oil rally resumes as Hormuz uncertainty weighs on global markets
NEW YORK, Aug 7 — Oil prices barreled higher again Thursday, extending their volatile run, while global stock markets had a mixed day ahead of key US employment data. With traders awaiting developments surrounding the Strait of Hormuz, the main
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Bursa Malaysia closes lower as investors take profit after market rebound
KUALA LUMPUR, Aug 6 — Bursa Malaysia closed lower as investors took profits following the recent rebound, with telecommunications and industrial stocks leading the decline, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.02 points
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Disney beats profit forecasts as theme parks keep visitors coming
NEW YORK, Aug 6 — Disney reported better-than-expected profits Wednesday, citing a strong performance in its theme park business amid lingering worries about macroeconomic weakness. The entertainment giant’s third-quarter profits came in at US$2.6 billion (RM10.61 billion), about half the
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TikTok users to gain legal access to Disney movie extracts in new pact
PARIS, Aug 5 — The Walt Disney Co. said Wednesday that it had signed a deal with TikTok allowing users of the hugely popular video platform to add extracts of Disney films and characters, in what it billed a “first-of-its-kind
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Ringgit edges up as weak US economic data weighs on dollar
KUALA LUMPUR, Aug 5 — Ringgit opened slightly higher against the US dollar today, supported by weaker-than-expected US economic data that weighed on the greenback. At 8 am, the local currency edged up to 4.0940/0995 against the greenback from yesterday’s close
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SpaceX revenue jumps 92pc after IPO but shares fall on investor doubts
SAN FRANCISCO, Aug 5 — SpaceX’s revenue jumped 92 pe rcent in the second quarter, beating analyst expectations by around US$1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company’s ability to deliver
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Oil giant Aramco’s profits soar 44pc as war boosts prices
RIYADH, Aug 4 — Oil giant Saudi Aramco reported a 44 per cent surge in net profits today after the Middle East war sent energy prices soaring. Aramco, the world’s biggest oil exporter and engine of the Saudi economy, is
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Dow hits fresh record as oil prices tumble
NEW YORK, Aug 4 — Oil prices slumped and stocks mostly rose yesterday after US President Donald Trump insisted negotiations with Iran were ongoing despite Tehran’s denials. Crude futures slid more than four per cent as markets brushed aside Iran’s
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US regulators grant long-awaited Boeing 737 MAX 7 certificate
NEW YORK, Aug 4 — More than eight years after Boeing organized the maiden flight of the 737 MAX 7, US authorities announced yesterday that they certified the aircraft. The Federal Aviation Administration (FAA) announced certification of the smallest version
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Ringgit ends lower against dollar, major currencies as US Treasury yields rise
KUALA LUMPUR, Aug 3 — The ringgit ended lower against the greenback and other major currencies today, pressured by rising United States Treasury yields and renewed uncertainty over the path of US monetary policy. At 6 pm, the local currency
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