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Wall Street just had its worst day in weeks — and the reasons are bigger than tech
NEW YORK, July 18 — Wall Street stocks fell decisively Friday, joining most global markets in retreating on continued weakness in artificial intelligence shares and rebounding oil prices. Tech shares have been under pressure in recent days on questions about
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Bursa Malaysia ends higher on foreign inflows, stronger economic outlook
KUALA LUMPUR, July 17 — Bursa Malaysia’s key index closed higher today, supported by sustained foreign fund inflows and improving domestic macroeconomic fundamentals. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.26 points, or 0.54 per cent, to
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Ringgit weakens against US dollar as West Asia tensions weigh on sentiment
KUALA LUMPUR, July 17 — The ringgit ended the final trading day of the week lower against the US dollar as escalating developments in West Asia weighed on market sentiment. This was despite Malaysia’s stronger-than-expected advance gross domestic product (GDP) estimate
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Australia targets big firms with tougher modern slavery penalties after US tariff threat
SYDNEY, July 16 — Australia will make big companies criminally liable for modern slavery in supply chains, the nation’s top lawyer said Thursday, weeks after the United States threatened trade tariffs over the issue. Attorney General Michelle Rowland said laws
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Wall Street rises as tame inflation data lifts tech giants
NEW YORK, July 16 — Wall Street stocks advanced Wednesday following another benign US inflation report as oil prices edged higher following the latest escalation of fighting between the United States and Iran. Major US indices withstood a midday swoon
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Malaysian households now 18pc better off than before Covid — but debt clouds the horizon
KUALA LUMPUR, July 16 — The average Malaysian household now has 18 per cent more purchasing power than it did in 2019, according to a new consumer outlook report from BMI, a Fitch Solutions company. The findings suggest that while
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China’s economy expands 4.3pc in second quarter as property crisis and spending slump persist
BEIJING, July 15 — China’s economy grew at its weakest pace in more than three years during the second quarter, data showed Wednesday, missing expectations even as strong exports driven by the global AI boom helped offset trade disruptions caused
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Ringgit strengthens against US dollar as investors eye upbeat Malaysia GDP outlook
KUALA LUMPUR, July 15 — The ringgit opened higher against the US dollar on Wednesday as investors anticipated an upbeat advance estimate of Malaysia’s second-quarter (2Q) gross domestic product (GDP), analysts said. At 8 am, the local currency appreciated to 4.0740/0780
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South Korea hikes 2026 growth outlook to 3pc on AI chip boom
SEOUL, July 14 — South Korea raised its 2026 growth forecast by one percentage point to three per cent today, buoyed by strong performances from memory chipmakers as artificial intelligence demand soars. Record profits from semiconductor giants Samsung Electronics and SK
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Malaysia poised to gain as Indonesia likely to cut palm oil exports, says MPOC
KUALA LUMPUR, July 13 — The recent launch of Indonesia’s nationwide rollout of the B50 biodiesel mandate presents an opportunity for Malaysia to strengthen its existing palm oil markets while expanding its market share in selected destinations. Malaysian Palm Oil
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