Business
Back to homepage
China exports jump 14.1 pc in April despite global war-driven economic pressure
BEIJING, May 9 — China’s overseas shipments grew at a faster pace than expected last month, official data showed today, despite pressure on the global economy caused by war in the Middle East. Exports from the manufacturing powerhouse were up
Read More
Singapore says two cruise ship passengers test negative for hantavirus after isolation
SINGAPORE, May 9 — Two Singapore residents who recently boarded the cruise ship MV Hondius tested negative for hantavirus, the Communicable Diseases Agency (CDA) said. In a statement, it said the National Public Health Laboratory conducted tests on multiple samples collected
Read More
US jobs rise but consumer confidence sinks to historic low amid Iran war fallout
WASHINGTON, May 9 — US employment rose more than expected in April, alleviating some concerns about the health of the world’s largest economy even as one measure of consumer confidence came in at its lowest-ever level. “Total nonfarm payroll employment
Read More
World food prices hit three-year high in April as Iran war drives up oils, says FAO
LONDON, May 8 — World food prices climbed in April to their highest in more than three years, with vegetable oils particularly elevated due to the Iran war and the effective closure of the Strait of Hormuz, the United Nations
Read More
Indonesia sees US$3.3b foreign inflows as central bank steps up rupiah defence
JAKARTA, May 8 — Indonesia recorded US$3.3 billion (RM12.9 billion) in net foreign portfolio inflows from January to April, driven by inflows into Bank Indonesia Rupiah Securities (SRBI) as the central bank intensified efforts to stabilise the rupiah amid global
Read More
Google faces new £3b UK lawsuit over online display advertising
LONDON, May 8 — Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced yesterday, in the latest antitrust action against the US tech giant. The claim filed on behalf of
Read More
Amazon Web Services says overheating at North Virginia data centre disrupts services
SAN FRANCISCO, May 8 — Amazon’s cloud unit, Amazon Web Services, said yesterday it was working to restore normal temperatures at a data centre in North Virginia after overheating disrupted some services. The incident caused a power loss that affected
Read More
Trump gives EU July 4 deadline to ratify trade deal or face ‘much higher’ tariffs
WASHINGTON, May 8 — President Donald Trump yesterday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. Trump
Read More
Ringgit opens higher against euro, pound, yen; slips vs greenback
KUALA LUMPUR, May 8 — The ringgit opened higher against most major currencies but eased versus the US dollar as investors remained cautious following renewed escalation in the West Asia conflict, which dimmed hopes for a peace deal between the
Read More
Bursa Malaysia climbs at open as banks lead gains ahead of Bank Negara OPR decision
KUALA LUMPUR, May 7 — Bursa Malaysia opened higher on Thursday, supported by buying interest in banking and financial stocks ahead of Bank Negara Malaysia’s Overnight Policy Rate (OPR) announcement later today, in line with overnight gains on Wall Street.
Read More