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Trump demands Malaysia-born Intel CEO to resign immediately after alleged China military ties
WASHINGTON, Aug 8 — President Donald Trump demanded Thursday that the new boss of US chip maker Intel resign “immediately,” after a Republican Senator raised national security concerns over his links to firms in China. “The CEO of INTEL is
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Semiconductor shock: Trump’s 100pc tariff warning jolts Asian markets
TOKYO, Aug 7 — Chip-related shares were down in early Asian trade today, after US President Donald Trump said he planned to impose a 100 per cent tariff on imported semiconductors. Tokyo Electron, a major Japanese producer of chipmaking equipment,
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Brazil turns to WTO for relief over Trump’s 50pc tariffs on coffee, beef, sugar
BRASILIA, Aug 7 — Brazil on Wednesday approached the World Trade Organization for relief against trade tariffs imposed by US President Donald Trump, sources in the government of Luiz Inacio Lula da Silva told AFP. The 50-per cent tariff on
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Big Macs selling, but US$10 meals spook struggling US diners
NEW YORK, Aug — McDonald’s profits rose in the second quarter behind a rebound in US sales but executives said Wednesday that low-income consumers remained under economic stress. The fast-food chain notched a 2.5-per cent rise in US comparable sales
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Malaysia set for RM104b in 2025 investments, trade target unchanged despite global headwinds
KUALA LUMPUR, Aug 7 — The Investment, Trade and Industry Ministry (Miti) has projected 2025’s approved investments to amount to RM104 billion involving manufacturing and selected services sectors under the purview of the Malaysian Investment Development Authority (Mida). Its Minister
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Pharmaniaga completes regularisation plan, set to exit PN17 by Q1 2026
KUALA LUMPUR, Aug 7 — Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital. In a statement yesterday, the pharmaceutical
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Fed cut bets give ringgit a morning boost
KUALA LUMPUR, Aug 7 — The ringgit opened firmer against the US dollar on Thursday, lifted by a softer greenback amid growing expectations of interest rate cuts by the United States Federal Reserve (Fed) in the coming months. At 8
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South Korea’s Lotteria burger chain to serve up first Malaysian outlet by end-2025, eyes 30 more in five years
SEOUL, Aug 6 — Lotte GRS Co, a subsidiary of Lotte Group, has inked a partnership with Serai Group to launch its first Lotteria burger restaurant in Malaysia this year, Yonhap News Agency reported. The company stated on Wednesday that
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Ringgit climbs against US dollar amid growing rate cut expectations
KUALA LUMPUR, Aug 5 — The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8
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Swiss luxury watchmakers drop after Trump tariff shock
ZURICH, Aug 4 — Swiss luxury watchmakers’ shares, including Richemont and Swatch, were volatile in early trade today, underscoring the challenges for the industry after US President Donald Trump imposed a39 per cent tariff on Swiss imports. The sector, which
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