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Ringgit strengthens ahead of BNM rate decision, trades around 4.18 against US dollar
KUALA LUMPUR, Nov 6 — The ringgit continues to strengthen against the US dollar this morning after closing 0.14 per cent higher at yesterday’s close, with all eyes on Bank Negara Malaysia’s Monetary Policy Committee’s decision on the overnight policy rate
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Asian markets sink as tech sell-off deepens on AI bubble fears
HONG KONG, Nov 5 — Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. Global markets have soared
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Asia markets wobble as tech bubble fears grow amid AI investment frenzy
HONG KONG, Nov 4 — Asian markets fluctuated today as investors assessed the latest tech rally on Wall Street amid worries that a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its
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Saudi, Russia-led bloc set to hike oil output as Opec+ eyes bigger market share
LONDON, Nov 3 — Saudi Arabia, Russia and six other key members of the Opec+ alliance are expected to agree to further hike oil production today, as the group continues to seek greater market share. Analysts predict a slight output
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Asian shares climb after tech giants Apple and Amazon boost global sentiment
HONG KONG, Oct 31 — Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a rally in
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China’s factory activity shrinks for seventh straight month in October
BEIJING, Oct 31 — China’s factory activity shrank for a seventh straight month in October, official data showed Friday, as trade uncertainty ahead of talks between President Xi Jinping and his US counterpart Donald Trump weighed on the economic powerhouse.
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Bursa Malaysia opens higher as investor confidence improves after Asean Summit
KUALA LUMPUR, Oct 29 — Bursa Malaysia opened higher on Wednesday, lifted by improved investor sentiment following the conclusion of the Asean Summit and in line with overnight gains on Wall Street. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM
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Microsoft takes 27pc stake in revamped OpenAI partnership worth US$135b
SAN FRANCISCO, Oct 29 — Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership, giving both companies greater independence while maintaining their close collaboration. Microsoft will hold approximately 27 per cent of the restructured
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IMF hails Malaysia’s role in deepening Asean integration and regional economic growth
KUALA LUMPUR, Oct 28 — Malaysia has played a positive role in strengthening ties among Asean countries, enhancing integration within the bloc and contributing to improved regional economic development, says the International Monetary Fund (IMF). Finance Minister II Datuk Seri
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Amazon’s AI ambitions trigger 30,000 job cuts in biggest shake-up since pandemic
SAN FRANCISCO, Oct 28 — Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports. Some 30,000 positions will be cut
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