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Fast-fashion giant Shein shares plunge in Hong Kong debut after US$1.7b IPO
HONG KONG, Sept 1 — Fast-fashion retailer Shein fell more than nine per cent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 billion (RM6.9 billion) in a high-profile initial public offering after its plans to list in
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Oil climbs as stocks slide on fresh Trump warning over Iran
HONG KONG, Sept 1 — Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the weekend and Donald Trump’s warning that he will hit the
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China’s factory activity slides for second straight month
BEIJING, Aug 31 — Factory activity in China contracted in August for a second straight month, official data showed today, as soft demand weighs on the world’s second-largest economy. Leaders in Beijing are seeking to maintain pace despite hurdles including
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US Fed chief Warsh sends Wall Street lower with hawkish inflation warning
NEW YORK, Aug 29 — Wall Street stocks dipped while the dollar rallied Friday after Federal Reserve chief Kevin Warsh flagged fighting high inflation as a priority in a speech received as more hawkish than expected. “We must be confident
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‘Numbers are more concerning’: US Fed chief Warsh breaks silence on economy, but still keeps markets guessing
WASHINGTON, Aug 29 — US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging that high inflation in the world’s largest economy was “concerning” and hinting that the central bank may need to act
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Petronas posts resilient 1H 2026 results, stays focused on safeguarding energy security
KUALA LUMPUR, Aug 28 — For the first half of the financial year ended June 30, 2026 (1H 2026), Petroliam Nasional Bhd (Petronas) recorded modest net profit and revenue that reflected disciplined execution, operational reliability and commercial excellence amid a
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Mida: Malaysia secures RM218.5b in approved investments in 1H 2026, up 11.7pc
KUALA LUMPUR, Aug 28 — Malaysia secured RM218.5 billion in approved investments in the first half of 2026 (1H 2026), up 11.7 per cent from RM195.5 billion in the same period last year, according to the Malaysian Investment Development Authority
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Malaysia’s export volume jumps 8.1pc in July, import volume up 14pc
KUALA LUMPUR, Aug 28 — Malaysia’s export unit value index in July 2026 increased by 0.6 per cent month-on-month (m-o-m) to 163.6 points from 162.6 points in the previous month, according to the Department of Statistics Malaysia (DOSM). In a
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US Treasury push puts Fed boss Warsh in a bind
WASHINGTON, Aug 27 — US Treasury Secretary Scott Bessent’s controversial efforts to lower Treasury yields have potentially put him at odds with Federal Reserve Chair Kevin Warsh, complicating the latter’s communications challenge this week. Warsh will deliver the opening address
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Malaysia must strengthen market foundations to stay competitive, says Amir Hamzah
KUALA LUMPUR, Aug 27 — Malaysia must go beyond embracing new technologies by strengthening market foundations, improving efficiency and widening access to capital to keep its financial and capital markets competitive, resilient and relevant. Finance Minister II Datuk Seri Amir
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