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Ringgit gains slightly as softer US data weighs on dollar
KUALA LUMPUR, Sept 24 — The ringgit opened slightly higher against the US dollar on Wednesday as the greenback weakened after softer United States (US) economic data. At 8 am, the local note rose to 4.1960/2020 against the greenback from
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Indonesia, EU seal long-awaited trade pact to unlock billions in tariff savings
DENPASAR, Sept 23 — Indonesia and the European Union finalised negotiations on a trade agreement today after nearly a decade of negotiations, a senior minister said. The Indonesia-European Union Comprehensive Economic Partnership Agreement (CEPA) is the third deal Brussels has
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New US Fed governor says rates should be around ‘mid-2pc’
WASHINGTON, Sept 23 — The US Fed governor newly appointed by President Donald Trump argued yesterday for significantly lower interest rates, signalling that concerns over inflation may be overblown. “I believe the appropriate Fed funds rate is in the mid-two
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Nvidia’s OpenAI bet sparks tech rally, Nasdaq tops 22,700
NEW YORK, Sept 23 — Wall Street stocks shook off early weakness and forged higher yesterday as some leading tech giants helped lift major Wall Street indices to fresh all-time highs. After a slow start, the market “started to rebound
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Nvidia to invest up to RM420b in OpenAI data centres
SAN FRANCISCO, Sept 23 — Nvidia said yesterday it will invest up to US$100 billion (RM420 billion) in OpenAI, building infrastructure for next-generation artificial intelligence. The strategic partnership aimed at deploying massive data centre capacity unites generative AI star OpenAI
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Foreign investors pour RM492m into Bursa Malaysia amid short trading week
KUALA LUMPUR, Sept 22 — Foreign investors have continued to be net buyers on Bursa Malaysia last week, marking the second consecutive week of net buying streak with a net inflow of RM492.1 million, according to MBSB Investment Bank Bhd
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SP Setia names Tan Hwa Min deputy CEO, Yuslina Mohd Yunus COO
KUALA LUMPUR, Sept 22 — SP Setia Bhd has appointed Tan Hwa Min as deputy chief executive officer (CEO) (effective Nov 17), and Datuk Yuslina Mohd Yunus as chief operating officer (COO), (effective Oct 1), following the appointment of Datuk
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S&P Global reaffirms Malaysia’s sovereign credit ratings, stable outlook, says Finance Ministry
KUALA LUMPUR, Sept 20 — S&P Global Ratings (S&P) has reaffirmed Malaysia’s sovereign credit ratings at ‘A-’ with a stable outlook, underscoring confidence in the country’s macroeconomic management despite global trade uncertainty, according to the Finance Ministry (MoF). The rating
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Malaysia’s halal trade fair Mihas 2025 draws record deals, says Matrade
KUALA LUMPUR, Sept 20 — The Malaysia International Halal Showcase (Mihas) 2025 has recorded RM4.97 billion in sales as of the third day of the event, and the figure is set to increase even higher, according to the Malaysia External
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Bursa Malaysia slips at open, tracking Wall Street’s mixed close after Fed decision
KUALA LUMPUR, Sept 18 — Bursa Malaysia opened lower on Thursday, tracking overnight Wall Street’s mixed close, where traders locked in profits after the United States (US) Federal Reserve’s (Fed) expected rate cut and outlook for more adjustments. At 9.10
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