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Trump taps Kevin Warsh for Fed chair, raising fresh questions over central bank independence
WASHINGTON, Jan 30 — Donald Trump nominated Kevin Warsh, a former Federal Reserve governor, to be the next US central bank chief, the US president announced Friday on social media. Trump’s decision caps a closely watched search for a successor
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AI boom drives Samsung’s memory division to all-time high revenue and profit
SEOUL, Jan 29 — South Korean tech giant Samsung Electronics posted a record quarterly profit today riding strong market demand for its artificial intelligence chips. “In the quarter ended December 31, 2025, the Company posted its highest-ever quarterly consolidated revenue at
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Amazon blunder: Cloud staff mistakenly told they’re being cut, panic ensues
SAN FRANCISCO, Jan 28 — Amazon on Tuesday appeared to have mistakenly alerted many Amazon Web Services cloud computing employees about layoffs planned for Wednesday morning with a commiseration email and team-wide meeting invite sent hours early. Reuters reported on
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Bursa ends five-day winning streak as investors lock in gains ahead of US Fed decision
KUALA LUMPUR, Jan 28 — Bursa Malaysia snapped its five-day winning streak to close lower today, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5pm, the FTSE
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Ringgit continues climb, hits 3.9175 against US dollar on Fed easing hopes
KUALA LUMPUR, Jan 28 — The ringgit jumped to a seven-year high to close at 3.9175 versus the US dollar today as improved risk sentiment and a softer greenback continued to support the local currency, which rose for the third
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Amazon axes 16,000 corporate jobs, shedding pandemic-era hires amid AI shift
SEATTLE, Jan 28 — Amazon confirmed 16,000 corporate job cuts today, completing a plan for around 30,000 since October while leaving open the possibility of further reductions. Although 30,000 represents a small portion of Amazon’s 1.58 million employees, who are
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Ringgit firms to 3.9485 while US dollar continues slide
KUALA LUMPUR, Jan 28 — The ringgit opened firmer against the US dollar today, supported by weaker US economic data that continued to weigh on the greenback. At the 8am opening, the ringgit traded at 3.9485/9500 versus the US dollar,
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Trump says value of the dollar is ‘great’, currency hits 4-year low
WASHINGTON, Jan 28 — US President Donald Trump said today the value of the dollar was “great”, when asked whether he thought it had declined too much, adding to pressure on the greenback which hit a four-year low. The dollar’s
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Ringgit sustains rally below 4.00 amid upbeat sentiment and Fed‑watching
KUALA LUMPUR, Jan 27 — The ringgit maintained its strength to close below the psychological level of 4.00 against the US dollar today, supported by positive sentiment and continued investor positioning ahead of the upcoming Federal Open Market Committee (FOMC)
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Ringgit opens steady at 3.96 vs greenback as US-Japan intervention talks heat up
KUALA LUMPUR, Jan 27 — The ringgit steadily opened at 3.96 against the US dollar this morning, amid talks of possible currency intervention by the United States and Japanese authorities intensified. At 8am opening, the ringgit traded at 3.9650/9750, compared
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