Newsfeed – Business News
RBA to increase price of new open market repos
Australia’s central bank will increase the price of all new open market operation (OMO) repos and introduce a new seven-day tenor at its weekly auctions as it transitions to an “ample reserves” system for liquidity management, a senior official says. Read full story Author: Source: thestar.com.my
UK prepares for impact of tariffs amid negotiations
THE UK government is bracing for US tariffs outlined by President Donald Trump this week to hit the British economy, even as the two governments continue talks on a potential carve-out. Read full story Author: Source: thestar.com.my
Credit chief announces overhaul of Colombia’s debt strategy
Colombia will offer shorter-maturity bonds and euro-denominated debt in an overhaul of its financing strategy, according to the nation’s new public credit director. Read full story Author: Source: thestar.com.my
Strong job wins forecast for MN Holdings
The substation engineering contract worth RM138mil bagged by MN Holdings Bhd (MNH) brings its latest order book to a new record-high of RM978mil. Read full story Author: Source: thestar.com.my
Ponzi schemer convicted in new fraud case
Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence over a Ponzi scheme was commuted by President Donald Trump in his first term. Read full story Author: Source: thestar.com.my
QSR Brands posts 25% revenue growth in 1Q25
KUALA LUMPUR: QSR Brands (M) Holdings Bhd reported a 25% year-on-year revenue growth in the first quarter of 2025, reflecting the success of its transformation strategies and commitment to sustainable growth. Read full story Author: Source: thestar.com.my
Ringgit up 0.8% vs US dollar in first three months of 2025
KUALA LUMPUR: The ringgit appreciated against the US dollar by 0.8 per cent year-to-date in the first three months of this year, said MIDF Amanah Investment Bank Bhd. Read full story Author: Source: thestar.com.my
ICT Zone exit offer receives valid acceptances for 65.28%
KUALA LUMPUR: ICT Zone Holding Sdn Bhd and Datuk Seri Ng Thien Phing (the joint offerors) have received valid acceptances for 65.28% of ICT Zone’s voting shares at the close of its unconditional voluntary take-over offer on Wednesday. Read full story Author: Source: thestar.com.my
Cloudaron disposes of unit for RM4mil
PETALING JAYA: Cloudaron Group Bhd’s wholly-owned subsidiary, Cloudaron Pte Ltd, is disposing of its entire stake (representing 1.3 million shares) in Clouddesk Technology Pte Ltd to Chen Huanhuan for RM4mil. Read full story Author: Source: thestar.com.my
Ringgit depreciates against greenback ahead of US tariff announcement
KUALA LUMPUR: The ringgit depreciated against the US dollar at the close today as traders and investors are concerned about the reciprocal tariff announcement by the United States (US) government later today, said an analyst. Read full story Author: Source: thestar.com.my