Business
Back to homepage
Amazon axes 16,000 corporate jobs, shedding pandemic-era hires amid AI shift
SEATTLE, Jan 28 — Amazon confirmed 16,000 corporate job cuts today, completing a plan for around 30,000 since October while leaving open the possibility of further reductions. Although 30,000 represents a small portion of Amazon’s 1.58 million employees, who are
Read More
Ringgit firms to 3.9485 while US dollar continues slide
KUALA LUMPUR, Jan 28 — The ringgit opened firmer against the US dollar today, supported by weaker US economic data that continued to weigh on the greenback. At the 8am opening, the ringgit traded at 3.9485/9500 versus the US dollar,
Read More
Trump says value of the dollar is ‘great’, currency hits 4-year low
WASHINGTON, Jan 28 — US President Donald Trump said today the value of the dollar was “great”, when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low. The dollar’s
Read More
Ringgit sustains rally below 4.00 amid upbeat sentiment and Fed‑watching
KUALA LUMPUR, Jan 27 — The ringgit maintained its strength to close below the psychological level of 4.00 against the US dollar today, supported by positive sentiment and continued investor positioning ahead of the upcoming Federal Open Market Committee (FOMC)
Read More
Ringgit opens steady at 3.96 vs greenback as US-Japan intervention talks heat up
KUALA LUMPUR, Jan 27 — The ringgit steadily opened at 3.96 against the US dollar this morning, amid talks of possible currency intervention by the United States and Japanese authorities intensified. At 8am opening, the ringgit traded at 3.9650/9750, compared
Read More
Gold hits records as US policy rattles investors
LONDON, Jan 27 — Gold prices jumped to fresh records yesterday on rising worries about geopolitics, tariff threats and another potential US government shutdown while Wall Street stocks drifted higher ahead earnings from tech giants. The dollar fell, meanwhile, amid
Read More
Bursa Malaysia hits seven-year high as FBM KLCI surges on blue-chip buying
KUALA LUMPUR, Jan 26 — Bursa Malaysia extended its upward momentum to close at its highest level in more than seven years, supported by strong buying interest in blue-chip stocks from both local institutional and foreign investors, an analyst said.
Read More
Ringgit nears seven-year high against US dollar as BNM holds rates, risk appetite rises
KUALA LUMPUR, Jan 26 — The ringgit opened firmer against the US dollar today, hovering near its strongest level in more than seven years following a boost in risk appetite amid Bank Negara Malaysia’s decision to maintain the Overnight Policy
Read More
Foreign fund buying lifts Bursa at market open
KUALA LUMPUR, Jan 26 — Bursa Malaysia opened higher today, extending gains from last week, as foreign funds continued to snap up local shares, reflecting sustained external confidence in the Malaysian market. At 9.53am, the FTSE Bursa Malaysia KLCI (FBM
Read More
Venezuela eyes 18pc oil boost with reforms opening sector to private investors amid US pressure
CARACAS, Jan 25 — Venezuela wants to boost its oil production by 18 per cent this year through planned reforms that will fully open the sector to private investors, the head of the state oil giant PDVSA said Saturday. “We
Read More