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How Armani’s secret will forces his heirs to sell his fashion empire
MILAN, Sept 13 — Giorgio Armani, the renowned fashion designer who passed away last week at the age of 91, has left behind a surprising final instruction for his empire. In a move that shocked the fashion world, Armani’s will
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How Trump’s move to oust Fed governor could reshape America’s financial independence
WASHINGTON, Sept 12 — President Donald Trump’s administration on Thursday asked a federal appeals court to let Trump remove Federal Reserve Governor Lisa Cook for now, a move Cook’s lawyers said could cause market turmoil with the central bank set
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Sime Darby warns of two-year slump for BMW sales in China amid fierce price war
KUALA LUMPUR, Sept 12 — Sime Darby Bhd, a key distributor for BMW in China, expects the country’s auto market to deteriorate further before any recovery takes hold. Chief executive officer Datuk Jeffri Salim Davidson said the group anticipates one
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PMB Investment declares over RM11m in distributions for two shariah funds
KUALA LUMPUR, Sept 11 — PMB Investment Bhd have declared both the PMB Shariah Premier Fund and PMB Shariah Equity Fund annual distributions of 2.0 sen per unit for the financial year ended August 31, 2025 and August 30, 2025
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Ringgit opens firmer against dollar on easing US inflation signals
KUALA LUMPUR, Sept 11 — The ringgit opened firmer against the US dollar and most major currencies on Thursday, tracking expectations of United States (US) interest rate cuts after softer economic data. At 8 am, the local unit stood at
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China says Dior fined after illegally sending customer data to France
BEIJING, Sept 9 — Dior’s Shanghai branch illegally transferred customers’ personal data to its headquarters in France, resulting in a data leak in May, China’s public security authority said today. The company failed to conduct mandatory security assessments before transferring
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Bursa Malaysia rebounds as late buying offsets profit-taking
KUALA LUMPUR, Sept 9 — The FBM KLCI staged a late turnaround to close slightly higher, lifted by last-minute buying in CelcomDigi, which offset earlier losses from ex-dividend adjustments in Maxis and MISC and profit-taking in Tenaga Nasional and CIMB.
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China races to build ‘durian express’ so fruit lovers get their fix faster
KUALA LUMPUR, Sept 9 — A port operator in northeastern China is building a new fruit transit centre to speed up shipments of Southeast Asia’s coveted durians to Chinese consumers. Liaoning Port Group, which manages the key sea terminal in
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Ringgit strengthens as US dollar dips on rising interest rate cut expectations
KUALA LUMPUR, Sept 9 — The ringgit opened stronger against the US dollar today, extending gains as the greenback weakened on rising expectations of US interest rate cuts. At 8am, the local currency stood at 4.2070/2275 versus the dollar, up
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Asian stocks climb as Japan PM Ishiba’s exit weakens yen
HONG KONG, Sept 8 — Asian markets rose on Monday, with Tokyo up nearly two per cent after Japanese Prime Minister Shigeru Ishiba’s decision to resign pushed down the value of the yen. Investors were also digesting weak US jobs
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