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Ringgit touches eight-year high as softer US outlook, tariff uncertainty weigh on greenback
KUALA LUMPUR, Feb 23 — The ringgit touched an eight-year high against the US dollar at today’s opening, supported by strong domestic economic data and a softer US growth outlook, as markets digested renewed uncertainty surrounding Washington’s tariff policies, said
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Google’s AI boss calls for urgent research into threats posed by artificial intelligence
ISTANBUL, Feb 22 — Google DeepMind’s chief executive officer (CEO) Demis Hassabis has called for more research into the threats posed by artificial intelligence (AI) “to be done urgently,” Anadolu Ajansi reported, citing BBC. He said the sector desired “smart
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Wall Street climbs after high court limits Trump tariff authority, markets weigh new levies
NEW YORK, Feb 21 — Wall Street stocks advanced yesterday as markets digested a US Supreme Court decision striking down some of the White House’s sweeping tariffs and President Donald Trump’s response vowing new levies. The conservative-majority top court ruled six-three
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Ringgit gains ground as oil prices rise and investors eye US–Iran nuclear deadline
KUALA LUMPUR, Feb 20 — The ringgit closed higher against the US dollar on Friday, supported by cautious market sentiment amid ongoing negotiations between the US and Iran regarding the nuclear programme, said an economist. At 6pm, the ringgit rose
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Bursa Malaysia closes marginally up after late gains in banking stocks
KUALA LUMPUR, Feb 20 — Late bargain hunting in selected heavyweights, mainly financial counters, has lifted Bursa Malaysia to end marginally higher on Friday. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.72 of a point, or
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Malaysia’s January trade rises 12.6pc to RM272.37b, Miti says
KUALA LUMPUR, Feb 20 — Malaysia’s trade performance in January 2026 remained robust, rising 12.6 per cent year-on-year (y-o-y) to RM272.37 billion, compared to RM241.97 billion in the same period last year, said the Ministry of Investment, Trade and Industry
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Japan inflation eases in boost for PM Takaichi
TOKYO, Feb 20 — Japanese inflation slowed in January, government data showed Friday, in welcome news for Prime Minister Sanae Takaichi after her recent election landslide win. Soaring inflation in Asia’s number-two economy — after decades of flat or falling
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Nvidia said to near US$30b OpenAI investment, scaling back earlier US$100b plan
SAN FRANCISCO, Feb 20 — Nvidia is on the cusp of investing US$30 billion (RM117.4 billion) in OpenAI, scaling back a plan to pump US$100 billion into the ChatGPT maker, the Financial Times reported Thursday. The AI-chip powerhouse will be
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Ringgit slips against US dollar after Fed minutes hint at rate hike
KUALA LUMPUR, Feb 19 — The ringgit and the Philippine peso were among the ASEAN currencies weighed down by a stronger US dollar at the close today after the latest Federal Open Market Committee (FOMC) minutes signalled the possibility of
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Nestle Malaysia may scoop out ice cream business to Froneri
KUALA LUMPUR, Feb 19 — Nestle (M) Bhd (Nestle Malaysia) has initiated a process to explore the potential sale of its ice cream business to Froneri after its ultimate holding company, Nestle SA, entered into advanced negotiations to sell the
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