Newsfeed – Business News
FBM KLCI dips 1% as Asian markets slump amid Trump’s tariff turmoil
KUALA LUMPUR: The FBM KLCI plunged 1% on Friday, extending its losses as investors adopted a risk-off stance amid a sea of red across Asia following U.S. President Donald Trump’s sweeping tariffs. Read full story Date: April 4, 2025 6:00 pm Source: thestar.com.my
UOB, Maybank lower Malaysia growth forecasts on Trump tariffs
Malaysia is projected to post a slower economic growth in 2025 as reciprocal tariffs from the US impact exports, according to two of Southeast Asia’s biggest lenders. Read full story Date: April 4, 2025 6:00 pm Source: thestar.com.my
Japan bank stocks caught in Trump tariff rout as market slide deepens
SINGAPORE: Japanese banks tanked on Friday and stocks globally extended a punishing selloff in the wake of U.S. President Donald Trump’s sweeping tariffs, helping drive a rally in U.S. Treasuries and supporting gold near a record peak. Read full story Date: April 4, 2025 6:00 pm Source: thestar.com.my
Oil set for worst week in months over Trump’s tariff blow
OIL prices fell over 1% on Friday, and were on track for the worst week in months over U.S. President Donald Trump’s new tariffs, stoking concerns that a global trade war could hurt oil demand. Read full story Author: Source: thestar.com.my
Ringgit to remain defensive against US dollar at 4.42-4.45, says Kenanga IB
KUALA LUMPUR: The ringgit is expected to remain defensive versus the US dollar, trading at a range of 4.42-4.45, barring surprises, said Kenanga Investment Bank Bhd (Kenanga IB). Read full story Author: Source: thestar.com.my
Axiata to exit Myanmar with US$150mil divestment
KUALA LUMPUR: Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million). Read full story Author: Source: thestar.com.my
Plush toy appeal intensifies among youth
A normal-sized plush toy retails for around 50 yuan ($6.9) on average in China. However, a 31-centimeter version plush toy from London-based toymaker Jellycat is priced at 399 yuan or more, and flies off the shelves the moment it becomes available. Read full story Author: Source: thestar.com.my
Agape ATP secures RM106.56bil fuel supply agreements with Swiss One Oil & Gas
KUALA LUMPUR: AGAPE ATP Corporation, through its subsidiary ATPC Green Energy Sdn Bhd, has entered into two sales and purchase agreements (SPAs) with an aggregate value of approximately US$24 billion (RM106.56 billion) with Swiss One Oil & Gas AG. Read full story Author: Source: thestar.com.my
Gold falls as risk appetite dwindles on Trump’s tariff clarity
GOLD prices fell on Friday as investors reassessed their risk outlook in the wake of U.S. President Donald Trump’s tariff measures, which have provided more clarity on market trends but raised concerns over economic slowdown. Read full story Author: Source: thestar.com.my
Oil set for worst week in months over Trump’s new tariffs
OIL prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump’s new tariffs, stoking concerns over a global trade war that could weigh on oil demand. Read full story Author: Source: thestar.com.my