Business
Back to homepage
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
Read More
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
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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)
Read More
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
Read More
Gold hits records as US policy rattles investors
LONDON, Jan 27 — Gold prices jumped to fresh records yesterday on rising worries about geopolitics, tariff threats and another potential US government shutdown while Wall Street stocks drifted higher ahead earnings from tech giants. The dollar fell, meanwhile, amid
Read More
Bursa Malaysia hits seven-year high as FBM KLCI surges on blue-chip buying
KUALA LUMPUR, Jan 26 — Bursa Malaysia extended its upward momentum to close at its highest level in more than seven years, supported by strong buying interest in blue-chip stocks from both local institutional and foreign investors, an analyst said.
Read More