Newsfeed – Business News
MyNews turnaround to be driven by higher procurement volumes
Analysts expect MyNews Holdings Bhd to experience a turnaround in the next 12 months, despite management expecting it to take place at the end of 2024. Read full story Author: Source: thestar.com.my
CPO prices, Indonesian ops to fuel United Malacca’s growth
United Malacca Bhd’s Indonesian planting and sustained crude palm oil (CPO) prices are the main drivers of its prospects going forward. Read full story Author: Source: thestar.com.my
Mega water projects bode well for Engtex Group
Engtex Group Bhd may see meaningful earnings recovery in the financial year 2025 (FY25) on the back of local sourcing of hot-rolled coil (HRC), stabilising steel prices and a pick-up in orders. Read full story Author: Source: thestar.com.my
Better contract terms poised to push Dayang’s profit margin up
Oil and gas-related company Dayang Enterprise Holdings Bhd is liked by analysts due to its sustained ramp-up in upstream maintenance activities as well as the anticipated expansion in project margins due to better contract terms secured. Read full story Author: Source: thestar.com.my
Hiap Teck’s second-half earnings to peak
Earnings of Hiap Teck Venture Bhd in the second half of its financial year 2025 (2H25) is shaping to come in stronger on the back of the stabilisation of steel prices and lower key steelmaking input cost, as well as the recent commencement of hot rolled coil production. Read full story Author: Source: thestar.com.my
Brent oil price to fall to US$65-US$75 per barrel in 2025, CNPC affiliate says
Read full story Author: Source: thestar.com.my
Australia’s central bank holds rates as it frets over trade war risk
SYDNEY: Australia’s central bank on Tuesday left its cash rate steady as widely expected but took a small step towards further easing in a policy meeting dominated by risks of a global trade war. Read full story Author: Source: thestar.com.my
Gold hits all-time high as Trump’s tariff plans stir inflation worries
Gold prices hit a record peak on Tuesday, as concerns that U.S. President Donald Trump’s reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand. Read full story Author: Source: thestar.com.my
Stocks stabilise, gold hits record before Trump tariff reveal
TOKYO: Asian equities rose on Tuesday following Wall Street’s overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump’s reciprocal tariffs. Read full story Author: Source: thestar.com.my
Dollar soft ahead of Trump’s reciprocal tariffs; RBA stands pat on rates
SINGAPORE: The dollar was soft on Tuesday after a bruising quarter as investors braced for reciprocal tariffs from U.S. President Donald Trump this week, while the Australian dollar wobbled as the central bank left rates unchanged as expected. Read full story Author: Source: thestar.com.my