Newsfeed – Business News
China’s key banks eye 520b yuan via placements
China’s major State-owned commercial banks plan to raise up to 520 billion yuan ($71.7 billion) via private placements from investors, including the finance ministry, Read full story Author: Source: thestar.com.my
Asia’s factory activity weakens as US tariffs sap confidence
TOKYO: Asia’s factory activity mostly weakened in March as an intensifying U.S. tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region’s economy. Read full story Author: Source: thestar.com.my
Oil extends climb on supply fears, trade war concerns cap gains
Read full story Author: Source: thestar.com.my
Malaysia should take advantage of unilateral agreements to prepare for possible impact of Trump’s tariffs
KUALA LUMPUR: Malaysia should take advantage of all unilateral free trade agreements to further expand market potential as an early preparatory measure to face any possible impact from the implementation of tariffs by United States (US) President Donald Trump. Read full story Author: Source: thestar.com.my
South Korea March exports rise for second month, misses expectations
SEOUL: South Korea’s March exports grew for a second month but missed market expectations, as a global trade war triggered by U.S. President Donald Trump’s tariffs raises uncertainty for manufacturers, government data showed on Tuesday. Read full story Author: Source: thestar.com.my
Tan Kean Soon resigns as T7 Global executive deputy chairman
KUALA LUMPUR: T7 Global Bhd has announced that Tan Sri Tan Kean Soon has tendered his resignation as executive deputy chairman from the group with immediate effect, citing personal reasons. Read full story Author: Source: thestar.com.my
OpenAI to raise $40 billion to boost AI efforts
OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools. Read full story Author: Source: thestar.com.my
Wall Street closes out bruising quarter as outlook remains murky
NEW YORK: As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. Read full story Author: Source: thestar.com.my
Oil prices ease despite Trump warning of possible tariffs on Russian buyers
Oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Read full story Author: Source: thestar.com.my
Trump’s tariffs should herald a ‘march towards independence’ for Europe, says ECB’s Lagarde
PARIS: The likely implementation of tariffs imposed by the United States on April 2 should mark the beginning of a march towards independence for Europe, European Central Bank (ECB) head Christine Lagarde said on Monday. Read full story Author: Source: thestar.com.my