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Ozempic maker Novo Nordisk forecasts 5-13pc drop in 2026 sales
COPENHAGEN, Feb 4 — Danish pharmaceutical giant Novo Nordisk said yesterday that it expects 2026 sales to slide by up to 13 per cent as prices for its Ozempic and Wegovy anti-obesity drugs fall in the key US market. Struggling
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Indonesia banks on Australian cattle imports to supercharge its dairy sector overhaul
JAKARTA, Feb 2 — Indonesia imported 1,383 more cows from Australia this week, agriculture officials said today, as part of an ambitious US$3 billion (RM12 billion) plan to woo small farmers to join efforts to quadruple dairy output. Jakarta, contending
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Commodities carnage spills into Asian equities, Shanghai posts biggest fall in 10 months
SHANGHAI, Feb 2 — Shanghai stocks fell the most in nearly 10 months today while Hong Kong shares had their worst day since November as a rout in commodities markets hit sentiment across the region. Risk appetite was also dented
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What is expected on debt, military and infrastructure
NEW DELHI, Feb 1 — India will announce its annual budget today, with the Defence Ministry seeking higher military spending, industry urging cuts in tax rates on market transactions and customs duties, and the government planning to ease foreign investment rules.
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Indonesia launches Perminas as state rare earth manager under sovereign fund oversight
JAKARTA, Jan 31 — Indonesia has decided to establish a new state-owned enterprise, Perusahaan Mineral Nasional (Perminas), to manage strategic rare earth mineral resources nationwide. State Secretary Minister Prasetyo Hadi said the directive came directly from President Prabowo Subianto, who
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Trump taps Kevin Warsh for Fed chair, raising fresh questions over central bank independence
WASHINGTON, Jan 30 — Donald Trump nominated Kevin Warsh, a former Federal Reserve governor, to be the next US central bank chief, the US president announced Friday on social media. Trump’s decision caps a closely watched search for a successor
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AI boom drives Samsung’s memory division to all-time high revenue and profit
SEOUL, Jan 29 — South Korean tech giant Samsung Electronics posted a record quarterly profit today riding strong market demand for its artificial intelligence chips. “In the quarter ended December 31, 2025, the Company posted its highest-ever quarterly consolidated revenue at
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Amazon blunder: Cloud staff mistakenly told they’re being cut, panic ensues
SAN FRANCISCO, Jan 28 — Amazon on Tuesday appeared to have mistakenly alerted many Amazon Web Services cloud computing employees about layoffs planned for Wednesday morning with a commiseration email and team-wide meeting invite sent hours early. Reuters reported on
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Bursa ends five-day winning streak as investors lock in gains ahead of US Fed decision
KUALA LUMPUR, Jan 28 — Bursa Malaysia snapped its five-day winning streak to close lower today, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5pm, the FTSE
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Ringgit continues climb, hits 3.9175 against US dollar on Fed easing hopes
KUALA LUMPUR, Jan 28 — The ringgit jumped to a seven-year high to close at 3.9175 versus the US dollar today as improved risk sentiment and a softer greenback continued to support the local currency, which rose for the third
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