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China fumes as US puts Alibaba, BYD and friends on military watchlist
BEIJING, June 13 (Reuters) — China is “strongly dissatisfied” with a US move to add several large Chinese companies to the Pentagon’s list of firms it says are aiding China’s military, the commerce ministry said on Saturday. The foreign ministry
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Indonesia’s rupiah defence strategy comes at cost of higher household burden
JAKARTA, June 13 — Indonesia’s decision to raise the BI-Rate and increase non-subsidised fuel prices within days highlights the government’s effort to support the rupiah and ease fiscal pressures, although the measures are expected to add pressure on households and
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MAG chief Nasaruddin appointed to IATA board of governors for three-year term
KUALA LUMPUR, June 12 — Malaysia Aviation Group (MAG) president and group chief executive officer Captain Nasaruddin A. Bakar has been appointed to the board of governors of the International Air Transport Association (IATA) during its 82nd annual general meeting
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Ringgit closes firmer at 4.0555 against US dollar, investors eye US‑Iran peace talks
KUALA LUMPUR, June 12 — The ringgit extended its gains on Friday, closing higher against the US dollar as uncertainty surrounding the conflict in West Asia weighed on the greenback. At 6pm, the local note rose to 4.0555/0600 versus the
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Elon Musk becomes world’s first trillionaire as SpaceX IPO boosts fortune
NEW YORK, June 12— Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s
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Brace for impact: Malaysian retailers warn worst price increases still coming as US-Iran war festers
KUALA LUMPUR, June 12 — Malaysian consumers, already weathering months of relentless price hikes, face a sobering warning: the worst may yet be coming. According to the latest industry report from Retail Group Malaysia (RGM), a fresh wave of retail
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Asia stocks fall as tech rout continues amid inflation worries and US-Iran tensions
HONG KONG, June 10 — Stocks fell today to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible US interest rate hikes. Worries over
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Ringgit edges lower against greenback ahead of crucial US CPI report
KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the United States Consumer Price Index (CPI) data tonight. At 8 am,
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Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions
KUALA LUMPUR, June 9 — The ringgit opened higher against the US dollar and most major currencies today, tracking a slight pullback in the US Dollar Index (DXY) amid easing tensions in West Asia. At 8 am, the local note
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Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict. At 9.07 am, the
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