Business
Back to homepage
Pharmacy chain Big Caring’s RM3b IPO looms as Malaysia’s next healthcare bellwether
KUALA LUMPUR, May 29 — Malaysia’s largest pharmacy chain is preparing to test investor appetite with what could become one of the country’s biggest initial public offerings in a decade. According to Bloomberg, Big Caring Group Bhd, the operator behind
Read More
US growth revised down, inflation hits highest level since 2023
WASHINGTON, May 29 — The US economy expanded less than initially estimated in the first quarter, government data showed yesterday, while a key inflation gauge separately hit a three-year high on fallout from the Middle East war. The figures sound
Read More
Trump could become first living US president on banknote under proposed US$250 bill
WASHINGTON, May 29 — President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a
Read More
S&P 500, Nasdaq hit record highs on US-Iran ceasefire hopes and AI rally
NEW YORK, May 29 — The S&P 500 and the Nasdaq posted record closing highs yesterday after news reports said the US and Iran had reached a draft agreement to extend their ceasefire for 60 days, while investors also digested
Read More
Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, reported German Press Agency (dpa). Temu “failed to diligently identify,
Read More
Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
NEW YORK, May 28 — Hard-hit Lululemon Athletica has ended a months-long proxy fight with founder Chip Wilson that weighed on its shares amid weakening brand appeal. Shares in the sports apparel brand tumbled nearly 60 per cent in the
Read More
Oil jumps, Asian stocks slide after fresh US strikes on Iran test fragile ceasefire
HONG KONG, May 28 — Oil prices bounced higher on today while Asian stocks fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war. The price jumps erased much of Wednesday’s
Read More
HSBC strengthens investment in Malaysia with opening of third Premier Centre in Subang Jaya
KUALA LUMPUR, May 28 — HSBC Malaysia has opened an all-new Premier Centre at its Subang Jaya branch in the bustling Taipan Business Centre, marking its third newly opened Premier Centre following launches in Petaling Jaya and Puchong earlier this
Read More
‘Tank Day’ backlash wipes RM22m off Starbucks Korea weekly sales
SEOUL, May 27 — Starbucks Korea’s sales have taken a sharp hit after backlash over a promotional campaign accused of mocking one of South Korea’s darkest chapters in modern history, according to new data reported by the Korea JoongAng Daily. Figures
Read More
Americans can now use PayPal in China after Tencent integrates it with WeChat Pay network
BEIJING, May 27 — US PayPal users can now make purchases across China using WeChat Pay’s QR-code merchant network, Tencent Financial Technology said today, adding the service will be rolled out to PayPal users in other markets in phases. Tencent’s
Read More