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Ringgit dips against US dollar after Fed rate cut signals gradual easing
KUALA LUMPUR, Sept 18 — The ringgit opened lower against the US dollar on Thursday, as the greenback strengthened following the US Federal Reserve’s (Fed) decision to cut its benchmark interest rate by 25 basis points. At 8 am, the
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US Fed makes first rate cut of 2025, citing employment risks as Trump’s influence grows
WASHINGTON, Sept 18 — The US Federal Reserve yesterday lowered interest rates for the first time this year, flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump. The Fed cut the benchmark
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Microsoft announces landmark US$30b UK investment as Trump, Starmer seek tech ties
LONDON, Sept 17 — Microsoft announced yesterday a US$30 billion (RM125 billion) investment in the UK over four years, as US President Donald Trump landed in Britain for a landmark second state visit. “We’re committed to creating new opportunity for
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Ringgit opens stronger against US dollar on softer Fed outlook
KUALA LUMPUR, Sept 17 — The ringgit opened firmer against the US dollar on Wednesday, supported by a combination of external factors including expectations of a more accommodative policy stance by the United States (US) Federal Reserve (Fed), said an
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Bursa Malaysia opens higher ahead of key US interest rate decision
KUALA LUMPUR, Sept 17 — Bursa Malaysia kicked off the week on a positive note, buoyed by growing expectations of interest rate cuts ahead of the highly anticipated United States (US) Federal Open Market Committee (FOMC) meeting later tonight. At
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Parents forced to break windows: US probes Tesla Model Y over door lock failures, child entrapment risk
NEW YORK, Sept 17 — US auto safety officials opened an investigation into a 2021 Tesla model after parents were unable to open the vehicle from the outside, according to an announcement reviewed yesterday by AFP. The National Highway Traffic
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Trump’s shadow looms over Mexico’s electric car war as BYD’s dream factory crumbles
NEW YORK, Sept 14 — Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 per cent tariff on autos imported from China, triggering a likely blow to the fast-growing electric car market
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How Armani’s secret will forces his heirs to sell his fashion empire
MILAN, Sept 13 — Giorgio Armani, the renowned fashion designer who passed away last week at the age of 91, has left behind a surprising final instruction for his empire. In a move that shocked the fashion world, Armani’s will
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How Trump’s move to oust Fed governor could reshape America’s financial independence
WASHINGTON, Sept 12 — President Donald Trump’s administration on Thursday asked a federal appeals court to let Trump remove Federal Reserve Governor Lisa Cook for now, a move Cook’s lawyers said could cause market turmoil with the central bank set
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Sime Darby warns of two-year slump for BMW sales in China amid fierce price war
KUALA LUMPUR, Sept 12 — Sime Darby Bhd, a key distributor for BMW in China, expects the country’s auto market to deteriorate further before any recovery takes hold. Chief executive officer Datuk Jeffri Salim Davidson said the group anticipates one
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