Newsfeed – Business News
Aussie glove maker Ansell stands to lose most with Trump’s ‘Liberation Day’ tariffs
Shares in Ansell reversed course on Friday after having tumbled 25% from their February highs in the previous session, as the company unveiled plans to fully offset the tariff increases through pricing. Read full story Author: Source: thestar.com.my
Trump administration sued over Chinese import tariffs
New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the U.S. president overstepped his authority. Read full story Author: Source: thestar.com.my
RHB IB trims Malaysia’s 2025 GDP forecast to 4.5% amid tariff pressures
KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has revised Malaysia’s gross domestic product (GDP) forecast for 2025 downwards to 4.5 per cent from an earlier projection of 5.0 per cent, following rising trade tensions and recent tariff hikes that pose a threat to the nation’s export-driven economy. Read full story Author: Source: thestar.com.my
Trump tariffs provoke world condemnation and fears of a US$2,300 iPhone
WASHINGTON/OTTAWA: Countries around the world threatened to ratchet up a trade war with the United States on Thursday as President Donald Trump’s sweeping tariffs ignited fears of steep price increases in the world’s largest consumer market. Read full story Author: Source: thestar.com.my
Trading ideas: Tuju Setia, HI Mobility, Mayu Global, Ho Hup, Kimlun
KUALA LUMPUR: Stocks that may attract trading interest today following their latest corporate news include Tuju Setia Bhd, HI Mobility Bhd, Mayu Global Group Bhd, Ho Hup Construction Co Bhd and Kimlun Corp Bhd. Read full story Author: Source: thestar.com.my
KLK’s FY25 FFB output growth assumption lowered
Kuala Lumpur Kepong Bhd’s (KLK) initial fresh fruit bunch (FFB) output growth target of six million tonnes in the financial year 2025 (FY25) appears ambitious, given the negative output growth booked year-to-date (y-t-d). Read full story Author: Source: thestar.com.my
Government’s RE initiatives good news for solar players
At least RM10bil in engineering, procurement, construction and commissioning (EPCC) contracts are up for grabs for solar players, as the government ramps up the renewable energy (RE) initiatives. Read full story Author: Source: thestar.com.my
Bitcoin succumbs to risk asset slump
Bitcoin and other major cryptocurrencies dipped after President Donald Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets. Read full story Author: Source: thestar.com.my
Fear grips markets as tariffs raise risks
For a brief moment, it looked like Wall Street’s worst fears about President Donald Trump’s tariff plans were misplaced, and a relief rally started rippling through markets. Read full story Author: Source: thestar.com.my
Kia CEO looks to Europe amid cloudy outlook
Kia Corp is aiming to sell more electric vehicles (EVs) in Europe as US President Donald Trump’s auto tariffs and anti-EV policies cloud the outlook in the United States. Read full story Author: Source: thestar.com.my