Business
Back to homepage
SpaceX revenue jumps 92pc after IPO but shares fall on investor doubts
SAN FRANCISCO, Aug 5 — SpaceX’s revenue jumped 92 pe rcent in the second quarter, beating analyst expectations by around US$1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company’s ability to deliver
Read More
Oil giant Aramco’s profits soar 44pc as war boosts prices
RIYADH, Aug 4 — Oil giant Saudi Aramco reported a 44 per cent surge in net profits today after the Middle East war sent energy prices soaring. Aramco, the world’s biggest oil exporter and engine of the Saudi economy, is
Read More
Dow hits fresh record as oil prices tumble
NEW YORK, Aug 4 — Oil prices slumped and stocks mostly rose yesterday after US President Donald Trump insisted negotiations with Iran were ongoing despite Tehran’s denials. Crude futures slid more than four per cent as markets brushed aside Iran’s
Read More
US regulators grant long-awaited Boeing 737 MAX 7 certificate
NEW YORK, Aug 4 — More than eight years after Boeing organized the maiden flight of the 737 MAX 7, US authorities announced yesterday that they certified the aircraft. The Federal Aviation Administration (FAA) announced certification of the smallest version
Read More
Ringgit ends lower against dollar, major currencies as US Treasury yields rise
KUALA LUMPUR, Aug 3 — The ringgit ended lower against the greenback and other major currencies today, pressured by rising United States Treasury yields and renewed uncertainty over the path of US monetary policy. At 6 pm, the local currency
Read More
Ancom Nylex secures 4‑Star FTSE ESG Rating, added to FTSE4Good Indices
PETALING JAYA, Aug 3 — Ancom Nylex Berhad (ANB) has earned a 4‑star environmental, social and governance (ESG) rating in a detailed sustainability assessment completed on June 22, marking a significant step forward in the group’s efforts to strengthen governance,
Read More
Perodua slashes Axia prices by up to RM4,700, effective immediately nationwide
KUALA LUMPUR, Aug 3 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has today reduced the price of its Axia model, Malaysia’s most affordable compact car model, by up to RM4,700, effective immediately. In a statement, the national automotive company said
Read More
Malaysia’s manufacturing sector sees slight improvement in July
KUALA LUMPUR, Aug 3 — Malaysia’s factory conditions showed modest improvement in July as new orders continued to rise, according to the latest S&P Global Manufacturing Purchasing Managers’ Index (PMI). The seasonally adjusted PMI held steady at 50.7, unchanged from
Read More
South Korea’s Hyundai, Kia sell over 130,000 EVs in Europe in first half of 2026
SEOUL, Aug 2 — Hyundai Motor Co. and Kia Corp. sold more than 100,000 electric vehicles (EVs) in Europe in the first half of the year as the South Korean automakers stepped up efforts to strengthen their presence in the
Read More
Yen rises after reported US‑Japan joint intervention, first since 1998
TOKYO, Aug 2 — Washington and Tokyo jointly intervened to shore up the Japanese yen for the first time in nearly 30 years after the currency sank to its weakest level in decades, the Financial Times has reported. The reported intervention came
Read More