News

Most Read
Apple CEO Tim Cook signals caution as the tech giant trims buybacks and shifts supply chains to dodge rising tariff costs. — Reuters pic

Apple scales back share buybacks as trade war adds US$900m bill

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.94 points to 1,535.28 from Wednesday’s close of 1,540.22. — Picture by Razak Ghazali

Bursa slips at open as post-holiday mood dulls Wall Street spark

At 8am, the local currency inched up to 4.3115/3310 versus the greenback from Wednesday’s close of 4.3130/3185. — Reuters pic

Ringgit nudges higher amid US data blues and tariff turmoil

News that the US economy unexpectedly shrank amid the chaos of Trump’s tariffs did not stop his top team from heaping praise on the president at a meeting the day after his 100th day back in power. — AFP pic

Contraction? What contraction? Trump’s Cabinet dismisses economic concerns as US GDP shrinks

Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. — Reuters pic

South Korea sees sharp export rise as global buyers stockpile chips ahead of potential US tariffs

The Bank of Thailand’s monetary policy committee voted 5-2 to reduce the one-day repurchase rate from 2 per cent to 1.75 per cent, bringing borrowing costs to their lowest level in two years. — Reuters pic

Thai central bank trims rate again, bracing for economic chill from global tensions

Tesla electric vehicles are pictured at one of the company’s delivery centres in Valenton, near Paris, France, April 24, 2025. — Reuters pic

Tesla stalls in France: April sales nosedive 59pc amid EU backlash

Elon Musk’s work at his Department of Government Efficiency (DOGE), where he has led efforts to cut federal jobs, has been one of the most controversial aspects of the Trump presidency, and his time away from Tesla has been an additional concern for investors as sales of its ageing EV lineup have been on the decline. — Reuters pic

Tesla chair denies CEO succession search, says board fully backs Musk

In a statement today, BPMB said the transaction was completed based on the net tangible assets of EXIM Bank and SME Bank as of December 31, 2023. —  Picture by Shafwan Zaidon

Bank Pembangunan Malaysia completes acquisition of EXIM Bank, SME Bank

People visit the Memorial Hall of the First National Congress of the Chinese Communist Party as video of Chinese President Xi Jinping is played on the screen in Shanghai, China, April 29, 2025. China is holding off on entering serious trade negotiations with the United States as it waits to see which of former President Donald Trump’s advisers will shape his evolving trade policy, according to sources familiar with the matter. — Reuters pic

Beijing delays US trade talks amid Trump team divisions, eyes tariff fallout in July

No Image

Eternity Waterproofing Pte Ltd to Enhance Expertise with Thermal Imaging Certification

Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. Adani’s group has paused discussions with Israel’s Tower Semiconductor for a US$10 billion chip project as it did not make strategic and commercial sense for the group, two people familiar with the matter told Reuters. — Reuters pic

Indian billionaire Adani pauses US$10b chip venture with Israel’s Tower, sources reveal

US District Judge Yvonne Gonzalez Rogers in Oakland said in an 80-page ruling that Apple failed to comply with her prior injunction order, which was imposed in an antitrust lawsuit brought by ‘Fortnite’ maker Epic Games. — Reuters pic  

Apple accused of ‘outright lies’ in App Store antitrust case, court rules it violated reform order

The company, which celebrates its 50th anniversary this year, saw net profits climb 18 per cent to US$25.8 billion, compared to the same period last year. — Reuters pic  

Microsoft rakes in US$70.1b on cloud, AI boom; shares surge after strong quarter

Shares in the social media giant — which owns Facebook, Instagram and WhatsApp — rose more than four per cent in after-market trades. — AFP pic 

Meta quarterly profit climbs to US$16.6b despite big cloud spending

European stocks had broadly advanced earlier following data that showed the eurozone economy expanded more than expected in the first quarter, despite the uncertainty over tariffs. — Reuters pic

Global stocks mostly rise following mixed economic data