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Wall Street hits fresh records as oil retreats and rate fears cool
NEW YORK, Oct 7 — Stock markets firmed yesterday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising government borrowing costs. On
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Paramount–Warner Bros deal closes, bringing HBO, CNN, CBS and more under one roof
LOS ANGELES, Oct 7 — Paramount yesterday completed its takeover of Warner Bros. Discovery, uniting two of Hollywood’s most storied studios in a media empire spanning television, news and cinema under the control of David Ellison. The combined company, renamed
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Euro slides as concerns about French debt mount
NEW YORK, Oct 6 — The euro slid yesterday to its lowest level against the dollar in 17 months on worries about France’s high debt and deficits, which have sent its government bond yields soaring. But equities traded broadly higher
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US approves US$1b arms sale to UAE
WASHINGTON, Oct 6 — The United States today announced the approval of a US$1 billion (RM4.08 billion) sale to the United Arab Emirates of up to 10,000 Advanced Precision Kill Weapon System guidance sections for rockets. “The proposed sale will
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Switzerland moves towards referendum on Malaysia trade deal amid palm oil, labour concerns
GENEVA, Oct 5 — Switzerland looks on course Monday to hold a referendum on a trade deal with Malaysia, with opponents believing the agreement endangers tropical rainforests and lacks proper safeguards against forced labour. Campaigners handed in 85,000 signatures at
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Bursa Malaysia gains on Wall Street lead as weak US payrolls temper Fed rate hike expectations
KUALA LUMPUR, Oct 5 — Bursa Malaysia opened higher on Monday, tracking Wall Street’s gains after softer US payroll growth eased expectations of an immediate Federal Reserve rate increase. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose
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Ringgit opens higher against US dollar as weak US jobs data weighs on greenback
KUALA LUMPUR, Oct 5 — The ringgit opened higher against the US dollar on Monday, following reduced expectations of a United States Federal Reserve (Fed) interest rate hike amid weaker-than-expected US jobs data, which is weighing on the greenback. At
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China slams US ‘lie’ over Starbucks stores in Xinjiang
BEIJING, Oct 4 — China’s foreign ministry accused a US congressional committee yesterday of “fabricating claims” after its chairman called on Starbucks to shutter two newly opened cafes in Xinjiang over alleged rights abuses. John Moolenaar, chairman of the US
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IEA: 325 million barrels of oil from strategic reserves released to ease Middle East energy crisis
PARIS, Oct 4 — The International Energy Agency said yesterday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million barrels promised in March. The update came a day
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US carmakers are getting squeezed — and Chinese brands are waiting outside
NEW YORK, Oct 3 — Major US automakers have watched their domestic market share shrink even more thanks to their Asian competitors — a situation that may worsen if Chinese firms are able to enter the US market, an idea
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