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‘American customers have vanished’: China exporters feel pain of US trade war
GUANGZHOU, April 23 — Labourers sweated as they wheeled bags of clothes, shoes and accessories to a sprawling wholesale market in southern China, where shop owners hoped an upcoming visit by Donald Trump would see an easing of tariffs hitting
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AI frenzy lifts Nvidia supplier SK hynix past expectations, profits soar 400pc
SEOUL, April 23 — Chip giant SK hynix logged a record quarterly net profit on Thursday thanks to the artificial intelligence boom, shrugging off concerns that the Middle East war could drag on the semiconductor industry. Huge investments from governments
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Crude surges past US$100 as Hormuz standoff drags on
TOKYO April 23 — Oil prices jumped 4 per cent Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place despite a ceasefire extension. At around 0025 GMT, the
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Chinese automakers winning ground in Europe’s car market
PARIS, April 22 — Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological advances their competitors are trying to copy, and analysts say their next step is to begin producing locally. Largely
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EPF sells one million Sunway Healthcare shares, cuts stake to 4.99pc
KUALA LUMPUR, April 21 — The Employees Provident Fund (EPF) has reportedly sold one million shares in Sunway Healthcare Holdings Bhd, losing its status as a substantial shareholder in the latter. According to a report in New Straits Times, EPF’s holding now stands
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Ringgit stays flat as Trump extends US-Iran ceasefire talks
KUALA LUMPUR, April 22 — The ringgit opened almost flat against the US dollar today as market sentiment remained cautious following news that the US-Iran ceasefire, originally expected to expire today, has been extended to allow negotiations with Iran to
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UK giant to break up: Primark set for spin-off in shake-up of retail empire
LONDON, April 21 — Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country’s largest consumer businesses. “A demerger of Primark is the best way to maximise long-term returns
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Elon Musk vacuums up US$1.4b in SpaceX stock from past and present employees
NEW YORK, April 21 — Elon Musk increased his stake in SpaceX last year by purchasing US$1.4 billion (RM5.5 billion) worth of stock from current and former employees, The Information reported on Tuesday.The secondary stock purchase, made through Musk’s trust,
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Maybank to move head office to Merdeka 118 starting May 6
KUALA LUMPUR, April 21 — Malayan Banking Berhad (Maybank) will relocate its head office from Menara Maybank in Jalan Tun Perak to Menara Merdeka 118 effective May 6, 2026. In a statement today, the bank said it will occupy 33
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Musk no-show at Paris hearing on Grok AI, X child pornography allegations
PARIS, April 21 — Tech billionaire Elon Musk on Monday did not appear at a summons for questioning in a French probe into X and its AI chatbot, Grok, over alleged abuse of algorithms and fraudulent data extraction, the Paris
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