Business
Back to homepage
Trump hit with new tariff lawsuit as US states accuse him of illegal ‘end run’ around Supreme Court ruling
WASHINGTON, March 6 — A group of 24 US states sued President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10 per cent global tariffs, alleging that the president cannot sidestep a recent US
Read More
AirAsia X short-selling halted on Bursa Malaysia after shares hit 15pc limit
KUALA LUMPUR, March 5 — Bursa Malaysia Bhd has suspended intraday short-selling (IDSS) on AirAsia X Bhd (AAX) until 8.30am tomorrow after the counter dropped more than 15 per cent/15 sen from the reference price. AAX share price dropped sharply
Read More
South Korean chipmakers warn Iran crisis could disrupt materials, push up prices
SEOUL, March 5 — South Korea’s chip industry is concerned that a prolonged Iranian crisis will disrupt supplies of key materials from the Middle East and increase chip prices due to a spike in energy costs, a ruling party lawmaker
Read More
China orders top refiners to halt diesel, petrol exports amid Middle East tensions
BEIJING, March 5 — China has told its largest oil refiners to suspend exports of diesel and gasoline, Bloomberg News reported Thursday, as the war in the Middle East increasingly risks an energy supply crunch. China is a net importer
Read More
Bursa Malaysia tracks Wall Street gains, KLCI rises 3.86 points
KUALA LUMPUR, March 5 — Bursa Malaysia opened higher on Thursday, tracking positive overnight Wall Street performance as easing oil prices and upbeat economic data soothed concerns over the US-Iran geopolitical crisis. At 9.16am, the FTSE Bursa Malaysia KLCI (FBM
Read More
US judge orders refund of US$130b in Trump-era tariffs
WASHINGTON, March 5 — A US trade court judge on Wednesday ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs that the Supreme Court said last month were collected illegally. Judge Richard
Read More
Oil jumps nearly 2pc as Hormuz tensions rattle Asian trade
TOKYO, March 5 — Oil prices rose nearly two per cent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict. At around 2310 GMT West Texas Intermediate, having closed
Read More
Ringgit firms slightly against US dollar as markets await OPR call
KUALA LUMPUR, March 5 — The ringgit opened marginally higher against the US dollar on Thursday as traders shifted focus to the overnight policy rate (OPR) announcement later in the day, despite the ongoing conflict in the Middle East. At
Read More
Thailand’s CP Axtra to expand Malaysia footprint with RM1.7b purchase of The Food Purveyor
KUALA LUMPUR, March 4 — Thailand’s CP Axtra Public Company Ltd has agreed to acquire The Food Purveyor, the Malaysian operator of Village Grocer and Ben’s Independent Grocer, in a deal valued at RM1.7 billion. The Edge reported that CP Axtra
Read More
US shale boom leaves America better shielded from war‑driven oil outages, says ExxonMobil
NEW YORK, March 4 — Thanks to the US shale boom, the United States is “well positioned” to navigate energy market disruptions due to the Middle East war, a top ExxonMobil executive said yesterday. Jack Williams, senior vice president at
Read More