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Auto giant Stellantis posts RM102b loss in 2025, second largest in French history
PARIS, Feb 26 — Automaker Stellantis announced today a net loss of €22.3 billion (RM102 billion) for 2025, the second largest ever recorded by a French group, impacted by exceptional charges of €25.4 billion. On February 6, the group had
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IMF urges US to work with global partners to ease trade restrictions
WASHINGTON, Feb 26 — The IMF yesterday called on the United States to work with trading partners and find ways to mutually ease trade curbs, as it issued a review of the world’s biggest economy. The International Monetary Fund’s findings
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Ringgit opens higher at 3.8850 against US dollar on upbeat economic outlook, weaker greenback
KUALA LUMPUR, Feb 26 — The ringgit opened firmer against the US dollar today, underpinned by Malaysia’s positive economic outlook and a softer greenback. At 8 am, the local currency strengthened to 3.8850/8960 against the dollar from Wednesday’s close of
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Ringgit closes little changed against US dollar
KUALA LUMPUR, Feb 25 — The ringgit held steady against a strong US dollar, closing little changed from yesterday’s level, driven by positive economic resilience as reflected in the Leading Index (LI) data. At 6pm, the ringgit traded at 3.8900/8955
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Bank Negara imposes penalties on 13 money services business licensees
KUALA LUMPUR, Feb 25 — Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) ranging from RM1,500 to RM2,000 against 13 money services business (MSB) licensees for failure to meet the minimum capital funds requirement between July 2025 and
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Warner Bros. weighs Paramount’s sweetened bid as Netflix deal faces challenge
NEW YORK, Feb 25 — Warner Bros. Discovery said Tuesday it has received a revised acquisition proposal from Paramount Skydance, signalling that the offer could open the door to the company rethinking its deal with Netflix. The sweetened offer was
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AMD shares surge as Meta commits to buying millions of GPUs in bid to catch up with Google and Microsoft
WASHINGTON, Feb 25 — American tech giant Meta has reached an agreement to purchase millions of powerful AI chips from processor manufacturer AMD, in which it could become a major shareholder, the two companies announced Tuesday. The Facebook and Instagram
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Malaysia’s ringgit strengthens against greenback and major currencies on improved risk appetite
KUALA LUMPUR, Feb 25 — The ringgit opened firmer against the US dollar and other major currencies on Wednesday, supported by a softer greenback following weaker US economic data and improved global risk appetite. At 8am, the ringgit strengthened to
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CPO prices seen consolidating at RM4,000–RM4,300 per tonne in March, says MPOC
KUALA LUMPUR, Feb 24 — Crude palm oil prices (CPO) are projected to consolidate within the range of RM4,000 per tonne to RM4,300 per tonne in March 2026, supported by tightening near-term supply, improving Indian demand and firm United States
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German car exports to China plunge by a third in 2025, says economic institute
BERLIN, Feb 24 — German car exports to China plunged by roughly a third in 2025, extending a steep decline that has wiped out more than half the sector’s shipments since their 2022 peak, according to a study released by
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