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Dollar demand dents ringgit, local note slides at close while showing mixed performance regionally
KUALA LUMPUR, Feb 5 — The ringgit eased against the US dollar at Thursday’s close, weighed by renewed strength in the greenback as global markets shifted to a more defensive stance. At 6pm, the local note slid to 3.9440/9535 against
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‘Dishonest to ignore’: Lufthansa confronts its Nazi-era history for 100th anniversary
FRANKFURT, Feb 4 — To mark a century since its founding, Germany’s Lufthansa is reappraising its history to take on greater responsibility for its actions during the Nazi era, breaking with earlier attempts to separate its pre- and post-war identity.
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Ringgit stays below RM4 mark to USD amid cautious sentiment due to geopolitical risks
KUALA LUMPUR, Feb 4 —The ringgit held steady against the US dollar at the close today, supported by positive business indicators across Asia, including Malaysia, but tilted down slightly amid cautious market sentiment due to heightened geopolitical risks. At 6pm,
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Gold rockets back toward US$5,100 as US–Iran tensions ignite fresh safe-haven stampede
HONG KONG, Feb 4 — Gold prices bounced back to near US$5,100 (RM20,035) today on safe-haven demand as renewed geopolitical tensions between the US and Iran added to the yellow metal’s appeal a day after it posted its best day
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Judge rejects Elon Musk’s bid to dismiss SEC case alleging delayed Twitter-share disclosure
WASHINGTON, Feb 4 — A federal judge yesterday rejected Elon Musk’s bid to dismiss a US Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022. US District Judge Sparkle
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Ozempic maker Novo Nordisk forecasts 5-13pc drop in 2026 sales
COPENHAGEN, Feb 4 — Danish pharmaceutical giant Novo Nordisk said yesterday that it expects 2026 sales to slide by up to 13 per cent as prices for its Ozempic and Wegovy anti-obesity drugs fall in the key US market. Struggling
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Indonesia banks on Australian cattle imports to supercharge its dairy sector overhaul
JAKARTA, Feb 2 — Indonesia imported 1,383 more cows from Australia this week, agriculture officials said today, as part of an ambitious US$3 billion (RM12 billion) plan to woo small farmers to join efforts to quadruple dairy output. Jakarta, contending
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Commodities carnage spills into Asian equities, Shanghai posts biggest fall in 10 months
SHANGHAI, Feb 2 — Shanghai stocks fell the most in nearly 10 months today while Hong Kong shares had their worst day since November as a rout in commodities markets hit sentiment across the region. Risk appetite was also dented
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What is expected on debt, military and infrastructure
NEW DELHI, Feb 1 — India will announce its annual budget today, with the Defence Ministry seeking higher military spending, industry urging cuts in tax rates on market transactions and customs duties, and the government planning to ease foreign investment rules.
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Indonesia launches Perminas as state rare earth manager under sovereign fund oversight
JAKARTA, Jan 31 — Indonesia has decided to establish a new state-owned enterprise, Perusahaan Mineral Nasional (Perminas), to manage strategic rare earth mineral resources nationwide. State Secretary Minister Prasetyo Hadi said the directive came directly from President Prabowo Subianto, who
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