Business
Back to homepage
Crude surges past US$100 as Hormuz standoff drags on
TOKYO April 23 — Oil prices jumped 4 per cent Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place despite a ceasefire extension. At around 0025 GMT, the
Read More
Chinese automakers winning ground in Europe’s car market
PARIS, April 22 — Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological advances their competitors are trying to copy, and analysts say their next step is to begin producing locally. Largely
Read More
EPF sells one million Sunway Healthcare shares, cuts stake to 4.99pc
KUALA LUMPUR, April 21 — The Employees Provident Fund (EPF) has reportedly sold one million shares in Sunway Healthcare Holdings Bhd, losing its status as a substantial shareholder in the latter. According to a report in New Straits Times, EPF’s holding now stands
Read More
Ringgit stays flat as Trump extends US-Iran ceasefire talks
KUALA LUMPUR, April 22 — The ringgit opened almost flat against the US dollar today as market sentiment remained cautious following news that the US-Iran ceasefire, originally expected to expire today, has been extended to allow negotiations with Iran to
Read More
UK giant to break up: Primark set for spin-off in shake-up of retail empire
LONDON, April 21 — Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of the country’s largest consumer businesses. “A demerger of Primark is the best way to maximise long-term returns
Read More
Elon Musk vacuums up US$1.4b in SpaceX stock from past and present employees
NEW YORK, April 21 — Elon Musk increased his stake in SpaceX last year by purchasing US$1.4 billion (RM5.5 billion) worth of stock from current and former employees, The Information reported on Tuesday.The secondary stock purchase, made through Musk’s trust,
Read More
Maybank to move head office to Merdeka 118 starting May 6
KUALA LUMPUR, April 21 — Malayan Banking Berhad (Maybank) will relocate its head office from Menara Maybank in Jalan Tun Perak to Menara Merdeka 118 effective May 6, 2026. In a statement today, the bank said it will occupy 33
Read More
Musk no-show at Paris hearing on Grok AI, X child pornography allegations
PARIS, April 21 — Tech billionaire Elon Musk on Monday did not appear at a summons for questioning in a French probe into X and its AI chatbot, Grok, over alleged abuse of algorithms and fraudulent data extraction, the Paris
Read More
Tesla settles before trial in wrongful death suit over disabled speed limiter fatal crash
WASHINGTON, April 21 — Billionaire entrepreneur Elon Musk’s Tesla has settled a wrongful death lawsuit in Florida stemming from a 2018 high-speed crash that killed a teenager riding in one of the electric vehicle maker’s sedans, court records show. A
Read More
Ringgit ends marginally lower against US dollar as West Asia tensions keep traders cautious
KUALA LUMPUR, April 20 — The ringgit ended marginally lower against the US dollar today, remaining in a tight range as markets kept a close watch on developments in West Asia. At 6 pm, the local note stood at 3.9515/9555
Read More