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Bursa Malaysia retreats at open as investors cash in on recent gains
KUALA LUMPUR, Sept 23 — Bursa Malaysia opened lower today as investors took profits in selected heavyweights, paring recent gains amid ongoing US-Iran talks. Early market performance also tracked the mixed trend on Wall Street, where the Nasdaq hit an
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Idle workers, empty wharves: Hormuz blockade hits Iraq’s oil hub of Basra
BASRA, Sept 22 — In the Iraqi oil hub of Basra, maintenance contractor Fawzi spends his days cooling his heels waiting for work that seldom comes, as the Middle East war puts a serious crimp on the once-bustling port town. Basra
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Paramount reaches US$110b deal with US states, clearing path to Warner takeover
SAN JOSE, Sept 22 — The entertainment group Paramount has cleared a major hurdle in its takeover of Hollywood rival Warner Brothers, German Press Agency (dpa) reported. Paramount reached an agreement on Monday with several United States (US) states that
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MPOC sees Malaysia palm oil exports steady at 16 million tonnes in 2027
KUALA LUMPUR, Sept 22 — The Malaysian Palm Oil Council (MPOC) foresees Malaysia’s palm oil exports remaining stable at around 16 million tonnes in 2027, with the country expected to play an increasingly important role in supplying palm oil to
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Ringgit gains against US dollar as easing oil prices lift market sentiment
KUALA LUMPUR, Sept 22 — The ringgit opened slightly higher against the US dollar and a basket of major currencies on Tuesday, supported by improved market sentiment amid easing global oil prices and geopolitical developments. At 8am, the ringgit edged
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Global markets surge as oil prices fall, US-China trade hopes grow
NEW YORK, Sept 22 — Stock markets climbed on Monday, boosted by falling oil prices and positive signals from trade talks between Chinese and US officials over the weekend. Wall Street indices capped a buoyant day for global stocks with
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German auto workers protest job cuts, plant closures nationwide
ISTANBUL, Sept 21 — Germany’s largest industrial union IG Metall launched nationwide protests on Monday against job cuts and cost-saving measures in the country’s struggling automotive sector, Anadolu Ajansi (AA) reported. Under the slogan “Future instead of devastation — solidarity
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Thailand weighs fuel tax cuts on E20 ethanol, B20 biodiesel blends to ease energy price burden
BANGKOK, Sept 21 — Thailand may consider targeted reductions in fuel excise tax, particularly for E20 (ethanol blend) and B20 (biodiesel blend) fuels, if necessary to ease the impact of high energy prices while supporting the country’s agricultural sector, said
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EU hits Google with €403m fine over location data breach
DUBLIN, Sept 21 — Ireland’s data protection watchdog, acting on behalf of the European Union, said Monday that it had fined Google €403 million (RM1.89 billion) for breaching users’ location data. The technology giant infringed the EU’s General Data Protection
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Bursa Malaysia’s key index rebounds 0.31pc at midday after earlier losses
KUALA LUMPUR, Sept 21 —Bursa Malaysia’s key index rebounded to close the morning session 0.31 per cent higher, paring earlier losses on persistent buying in heavyweights, particularly banking stocks. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.24
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