Newsfeed – Business News
China to become a global energy storage powerhouse
CHINA’s energy storage industry is set to experience significant growth through 2027, fueled by a combination of growing market demand and supportive government policies, according to industry experts and company executives. Read full story Author: Source: thestar.com.my
Asian stocks tumble as US tariffs spark recession concerns
Asian share markets tumbled on Monday as traders moved away from risk assets in trade-reliant emerging economies, after U.S. President Donald Trump said the reciprocal tariffs to be announced this week would essentially affect all countries. Read full story Author: Source: thestar.com.my
China’s manufacturing hits 12-month high, driven by strong orders
BEIJING: China’s manufacturing activity expanded at the fastest pace in a year in March, a factory survey showed on Monday, with new orders boosting production, giving the world’s No. 2 economy some reprieve as it deals with an intensifying U.S. trade war. Read full story Author: Source: thestar.com.my
Pop Mart eyes bigger footprint worldwide
Pop Mart International Group Ltd expects annual revenue to reach 20 billion yuan ($2.75 billion) in 2025, reflecting a 50 percent year-on-year rise, and anticipates growth in overseas markets to exceed 10 billion yuan as the company pushes to become a global cultural and consumer brand, its top executive said. Read full story Author: Source: […]
Gold surges past US$3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/gold-surges-past-us3100-as-us-tariffs-uncertainty-propel-safe-haven-flows
China’s manufacturing activity speeds up in March, PMI shows
BEIJING: China’s manufacturing activity expanded at the fastest pace in a year in March, an official factory survey showed on Monday, in a positive sign for the world’s second-largest economy as it deals with an escalating U.S. trade war. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/china039s-manufacturing-activity-speeds-up-in-march-pmi-shows
South Korean shares hit near two-month low after short-selling ban fully lifted
SEOUL: South Korea shares fell to the lowest level in nearly two months on Monday in the first day of trading after it fully lifted a five-year ban on short-selling that has hindered its inclusion in MSCI’s developed market index. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/south-korean-shares-hit-near-two-month-low-after-short-selling-ban-fully-lifted
Trump says reciprocal tariffs will target all countries
ABOARD AIR FORCE ONE: U.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/trump-says-reciprocal-tariffs-will-target-all-countries
Holistic approach needed to fight inflation
PETALING JAYA: Complementary tools besides monetary policy is needed to control inflation, say economists, who believe that interest rate hikes by themselves may be ineffective to combat rising prices. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/holistic-approach-needed-to-fight-inflation
Cheap China-made gloves expected to weigh on local producers
PETALING JAYA: The earnings recovery momentum of the local rubber glove sector may be halted as the sales volumes and average selling prices (ASPs) trended down in January and February. Read full story Author: Source: https://www.thestar.com.my/business/business-news/2025/03/31/cheap-china-made-gloves-expected-to-weigh-on-local-producers