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Oil rally cools as Iran hints diplomacy with US is still alive
HONG KONG, July 20 — Oil scaled back gains after hitting its highest price in a month on Monday as Iran said diplomatic exchanges with the United States were ongoing via mediators despite renewed conflict in the Middle East. Crude
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Tesla plans production boost at German Gigafactory as profits rise
BERLIN, July 19 — Tesla plans to increase production at its factory in Grünheide near Berlin in the 2026 financial year as demand recovers and profits improve, according to the company’s annual report for its German manufacturing unit, reported German
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‘Outright robbery’: China’s Jingye threatens UK with legal action after nationalisation of British Steel
BEIJING, July 19 — Jingye Steel demanded compensation and threatened the UK government with legal action today, after London took control of British Steel from the Chinese firm. Jingye, which bought British Steel in 2020, lost control of it last
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Boeing sees demand for 44,000 new fuel-efficient jets over next 20 years
NEW YORK, July 18 — Boeing projected Friday a global commercial fleet of 50,000 planes in 2045, more than 90 per cent of which will be more fuel-efficient “new-generation” aircraft. That compares with today’s global fleet of 28,000 airplanes, reflecting
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Wall Street just had its worst day in weeks — and the reasons are bigger than tech
NEW YORK, July 18 — Wall Street stocks fell decisively Friday, joining most global markets in retreating on continued weakness in artificial intelligence shares and rebounding oil prices. Tech shares have been under pressure in recent days on questions about
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Bursa Malaysia ends higher on foreign inflows, stronger economic outlook
KUALA LUMPUR, July 17 — Bursa Malaysia’s key index closed higher today, supported by sustained foreign fund inflows and improving domestic macroeconomic fundamentals. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.26 points, or 0.54 per cent, to
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Ringgit weakens against US dollar as West Asia tensions weigh on sentiment
KUALA LUMPUR, July 17 — The ringgit ended the final trading day of the week lower against the US dollar as escalating developments in West Asia weighed on market sentiment. This was despite Malaysia’s stronger-than-expected advance gross domestic product (GDP) estimate
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Australia targets big firms with tougher modern slavery penalties after US tariff threat
SYDNEY, July 16 — Australia will make big companies criminally liable for modern slavery in supply chains, the nation’s top lawyer said Thursday, weeks after the United States threatened trade tariffs over the issue. Attorney General Michelle Rowland said laws
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Wall Street rises as tame inflation data lifts tech giants
NEW YORK, July 16 — Wall Street stocks advanced Wednesday following another benign US inflation report as oil prices edged higher following the latest escalation of fighting between the United States and Iran. Major US indices withstood a midday swoon
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Malaysian households now 18pc better off than before Covid — but debt clouds the horizon
KUALA LUMPUR, July 16 — The average Malaysian household now has 18 per cent more purchasing power than it did in 2019, according to a new consumer outlook report from BMI, a Fitch Solutions company. The findings suggest that while
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