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Analysts have noted that the year-end period is typically a seasonally strong stretch for equities. (EPA Image pic) The Dow rose to a new record high Friday, extending a post-election US equity market rally propelled in part by anticipation of president-elect Donald Trump’s economic growth agenda. The blue-chip index piled on 1% to end the […]
Myanmar reported exports of over US$3 billion, while the EU cited higher figures, with more than half going to the bloc. (EPA Images pic) YANGON: As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach. The orders she and […]
Finance minister II Amir Hamzah Azizan said feedback from wealth management firms has been ‘very strong’. PETALING JAYA: The Forest City special financial zone (SFZ) in Johor will not directly compete with Singapore, says finance minister II Amir Hamzah Azizan. Amir said, instead, the SFZ aims to attract a different market segment by offering lower […]
From January to October 2024, Malaysia’s total trade, exports, and imports have posted growth. (Bernama pic) PETALING JAYA: Malaysia’s total trade increased 2.1% to RM244.3 billion in October 2024, up from RM239.3 billion a year earlier, driven by growth in both exports and imports, said the statistics department. Chief statistician Uzir Mahidin reported that exports […]
While about 1.5 million Australians still use cash for 80% of in-person payments, the number of businesses accepting it has declined. (Unsplash pic) SYDNEY: Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods. […]
Abu Dhabi has committed to investing tens of billions of dollars into AI and has tied up with Microsoft and Nvidia as part of its goals to invest in a future beyond crude. ABU DHABI: One of Abu Dhabi’s newest state-backed investment companies is looking at dozens of potential new deals as it plans to […]
Oil prices have come under significant pressure over recent months, falling from over US$87 per barrel to less than US$72 per barrel. (File pic) KUALA LUMPUR: BMI, a Fitch Solutions company, has maintained its forecast for Brent crude price at US$81 per barrel in 2024, falling to US$78 per barrel in 2025. It said in […]
Bentley announced that it was pushing back its target of building only 100% electric models by five years. (Bentley pic) LONDON: British luxury carmaker Bentley said Thursday that it was pushing back its target of building only 100% electric models by five years, until 2035. Four years after outlining its strategy of being fully electric by […]
The Boeing F-15 fighters will be equipped with weapons systems integrated with existing Israeli weapons as well as having increased range and payloads. (US Air Force pic) JERUSALEM: The Israeli defence ministry said on Thursday it had signed an agreement to acquire 25 next generation F-15 fighter jets from Boeing. It said the US$5.2 billion […]
KUALA LUMPUR: Bursa Malaysia opened higher on the week’s first trading day, buoyed by Wall Street’s overnight gains ahead of tomorrow’s US presidential election. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.94 points to 1,613.92 from Friday’s close of 1,603.98. The benchmark index initially gained 3.77 points at the opening, reaching 1,607.75. […]