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Safe-haven Swiss franc hits highest since 2015 as Iran conflict lifts energy prices
SINGAPORE, March 2 — The Swiss franc soared to its strongest in more than a decade versus the euro while the dollar hit a five-week high today as investors sought the safest assets after US and Israeli strikes on Iran
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BNM likely to keep OPR at 2.75pc this week amid global uncertainties, says Bank Muamalat
KUALA LUMPUR, March 2 — Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd
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Britain signs £1b military helicopter contract as defence spending ramps up
LONDON, March 2 — The British government announced Monday it had agreed a £1 billion (US$1.3 billion; RM525.30) contract with the UK arm of Italian defence company Leonardo to build a new fleet of military helicopters. The deal for 23
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Ringgit slips against US dollar in March open amid Iran strike fallout
KUALA LUMPUR, March 2 — The ringgit opened marginally lower against the US dollar on the first trading day of March as risk-off sentiment intensified following a joint United States-Israel strike on Iran over the weekend. At 8.01 am, the
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Could oil hit US$100 a barrel? How the Iran war is threatening global energy supply
LONDON, March 1 — The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. AFP looks at the risks. Major producer Iran
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Europe’s largest Samsung TV plant in Slovakia set to close by May 2026 as ‘idiot box’ era wanes
BRATISLAVA, Feb 28 — South Korean industrial giant Samsung said Friday it would shut down its last remaining television production plant in Slovakia, its largest factory in Europe, threatening hundreds of jobs. In 2018, Samsung shut down one of its
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Trump administration seeks delay in tariff refund litigation after Supreme Court loss
WASHINGTON, Feb 28 — US President Donald Trump’s administration is seeking to delay legal proceedings linked to tariff refunds for importers, a court filing showed yesterday, a week after the Supreme Court struck down his global duties. The high court
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Ringgit expected to hover between RM3.88 and RM3.90 next week
KUALA LUMPUR, Feb 28 — The ringgit is expected to trade range-bound against the greenback next week ahead of key data points from the United States and further developments related to the US-Iran nuclear talks. Bank Muamalat Malaysia Bhd chief
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Paramount wins bidding war for Warner Bros in US$110b mega-merger, shares up over 20pc
NEW YORK, Feb 28 — US media conglomerate Paramount Skydance announced yesterday it will acquire Warner Bros. Discovery in a deal valuing the combined company at US$110 billion (RM428 billion), after beating Netflix in a bruising bidding war. The agreement
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Germany orders global recall of over 330,000 BMWs over dashboard wiring fire risk
BERLIN, Feb 28 — Germany’s BMW must recall more than 330,000 cars worldwide because of concerns over a fire risk, the KBA transport regulator said yesterday, ordering a second recall for the brand in less than a month. Some 337,000
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