Rally in glove stocks fuelled by rising oil prices
Rubber glove manufacturers were among the most traded stocks on Bursa Malaysia today.
Malaysia News
Personal data believed stolen in cyberattack at pharma company
Duopharma Biotech Bhd says preliminary investigations showed a set of data files had been removed but there was no disruption to b…
Ringgit ends firmer against most currencies, eases against US dollar
External developments, particularly the sharp rise in crude oil prices, continued to influence market sentiment, says analyst.
Bursa ends week sharply lower amid regional sell-off
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 18.78 points, or 1.10%, to 1,686.74 from Thursday’s close of 1,705.52.
IEA slashes oil demand forecast as prices surge
The agency now sees 2026 consumption falling by 2.5 million barrels per day from the last year, well above its August forecast of …
Global bonds, stocks, selloff pauses as oil retreats from multi-month high
Brent hit US$109 a barrel before easing below US$106, but remained on track for a weekly gain of about 10%.
Micron says Taiwanese workers to get up to 68 months’ pay after strike threat
The chip giant said its workers in Taiwan will receive at least T$1.7 million (US$53,700) in cash compensation for fiscal 2026.
ECB’s hawkish stance prompts calls for further rate hikes
The European Central Bank (ECB) on Thursday raised policy rates by 25 basis points as expected and projected that inflation would …
Asia confronts new inflation, fiscal threat as oil tops US$100
Policymakers across the region will face pressure to keep cushioning households and businesses, which have seen incomes eroded by …
UK economy surprisingly grows in July on AI boost
The Office for National Statistics said gross domestic product expanded 0.4% in the month, building on growth of 0.3% in June.
BYD shelves plans for local assembly plant in Tanjung Malim
The Chinese EV manufacturer says discussions on local assembly with vendors are at an advanced stage.
Zara owner Inditex looks to US for next phase of growth
Zara to open stores in Denver, Phoenix and Pittsburgh as Inditex plans 20 US expansion projects by the end of 2027.
Germany pushes for Commerzbank stock listing as UniCredit aims for deal
Government officials want Commerzbank to remain listed on the Frankfurt Stock Exchange, although it would be controlled by UniCred…
Air traffic controller shortage disrupts Sydney Airport flights
The shortage of air traffic controllers led to around 14 inbound flight cancellations and delays exceeding one hour.
Micron’s Taiwan workers to get rewards worth up to 68 months of pay
The announcement follows signals of support for a strike from unions representing around two-thirds of the US chipmaker's workforc…
US braces for inflation report that may push Fed to hike rates
The Federal Reserve is likely to raise short-term interest rates before year-end despite intensifying political pressure to cut th…
Asian shares slump as surging oil prices inflame inflation risks
Higher bond yields raised the discount rates used for corporate valuations, leaving Asian stocks in deep losses.
Bursa opens lower amid Wall Street weakness
The prolonged US-Iran conflict and high crude oil prices weighed on sentiment, says analyst.
Dollar holds gains, yen slips as Middle East energy shock deepens
The US dollar held steady after gaining 0.3% on Thursday as data showed US producer prices met market expectations in August.
Blackstone’s AirTrunk seeks US$1.6bil loan for Singapore IPO
The loan, raised by the real estate investment trust, will likely be used to acquire AirTrunk’s assets and refinance existing debt…
Thailand moves to tax imported EVs more than local models
A proposed three-tier excise-tax structure aims to encourage automakers and suppliers to manufacture locally and increase their us…
Ringgit opens slightly lower on stronger US economic data
The local currency was weighed down by stronger-than-expected US economic data, which supported the greenback, says analyst.
Anthropic disrupts Russian, Chinese AI campaigns targeting Claude models
The activity included a suspected Russia-linked cyber espionage campaign and efforts by Chinese AI firms that it accused of trying…
Carney says in touch with Trump, Canada ready for ‘fair’ trade deal
Prime Minister Mark Carney says he has spoken to US president Donald Trump in recent days and Ottawa remains ready for a 'fair' tr…
S&P 500 ends down as Treasury yields rise and traders fret about inflation
Brent crude jumped 6% to US$107 a barrel, fuelling inflation worries and Federal Reserve rate hike expectations.
US producer inflation tops expectations as diesel costs jump
The department of labor said the Producer Price Index (PPI) was up 5.4% year-on-year last month.
ECB hikes borrowing costs to combat Middle East energy shock
The central bank for the 21 eurozone nations lifted its benchmark rate a quarter percentage point to 2.5%, its highest level since…
Nervy markets await ECB rate hike, US inflation data
Traders moved into the traditional holding pattern ahead of the European Central Bank's interest rate decision later in the day.
Dollar edges higher ahead of European Central Bank, US inflation data
Oil futures rose 1.5% to US$102.72 a barrel as Gulf energy flows slowed sharply following the biggest wave of shipping attacks by …
Ringgit firmer against US dollar ahead of CPI data
Investors are awaiting the release of US consumer price index data on Friday, says analyst.
Bursa ends lower as widening Middle East conflict weighs on sentiment
At 5pm, the FTSE Bursa Malaysia KLCI fell 8.82 points, or 0.51%, to 1,705.52.
Singapore’s Singtel, Thailand’s Gulf Development to develop submarine cable
The project was announced as demand for data centres, cloud computing and artificial intelligence services grows across the region…
South Korea nears agreement on over US$100bil in US investments
The deal would see South Korea finance the construction of up to eight nuclear power plants and a natural gas project.
US prosecutor calls Huawei criminal enterprise as trial opens
Prosecutors accused Huawei of stealing trade secrets from five US companies, including Cisco and T-Mobile, to gain a competitive a…
China’s AI chipmakers raise prices as HBM shortage bites
Huawei Technologies and Cambricon have raised prices for AI processors as soaring high-bandwidth memory costs squeeze efforts to b…
China buys 1 million tonnes of US soybeans
The purchases bring China's total US soybean buying to nearly half of the 25 million tonnes Beijing has committed to annually thro…
Strait of Hormuz vessel transits fall to 7
Some vessels could be sailing through the Strait of Hormuz with their transponders turned off and are not included in the counts.
ECB to hike rates as Iran war fuels fresh inflation fears
Economists expect the central bank to raise its policy rate to 2.50% from 2.25% and signal it is ready to tighten further if infla…
DOJ probes Nvidia’s licensing deal with AI startup Groq
The US justice department is investigating whether Nvidia structured its US$17 billion licensing deal with Groq to avoid antitrust…
Chinese stocks track regional peers lower on oil-driven inflation fears
A wave of attacks on shipping in the war with Iran kept oil prices above US$100 a barrel and rekindled investor concerns over infl…
Australia softens gas reserve rule for exporters
The proposed policy will ensure gas is more affordable and the domestic market is always modestly oversupplied, says the energy mi…
Nvidia plans major expansion of Australia data centre capacity
The chip company says the expansion will more than double the nation's current load through partnerships with local firms.
UBS says China fund distribution unit to cease business
WE.UBS will cease operations at the end of September after struggling to scale in a highly competitive market.
OpenAI pushes for mandatory national AI safety rules
AI models accessing external systems during testing have raised concerns over unexpected behaviour and prompted calls for tighter …
Currency markets subdued as oil shock lifts global yields
Markets are focused on US producer prices and inflation data ahead of next week's Federal Open Market Committee meeting.
Asian stocks wilt as Brent holds above US$100
Higher oil prices and bond yields have weighed on investor sentiment as traders assess inflation risk.
Bursa opens lower, tracking weaker Wall Street
The main index eases 5.01 points to 1,709.33 amid rising crude oil prices and US Treasury yields.
Ringgit holds steady against US dollar at opening
The local currency remains unchanged at 4.0670/4.0720 as investors await the US CPI data release.
S&P 500 ends down as oil tops US$100 per barrel
The S&P 500 energy index rose 1.1%, while all other sector indexes fell.
Meta’s share price surges after personal AI agent release
The company behind Facebook and Instagram says the Muse AI agent can book travel, send emails and make purchases on a user's behal…
Apple unveils iPhone Duo, its first foldable smartphone
The foldable is a crucial test for Apple, which has not launched a breakout hit since the AirPods 10 years ago.