KUALA LUMPUR: The ringgit rebounded against the US dollar today to finish at more than a five-month high amid renewed interest following encouraging tariff talks between Malaysia and the US government. At 6 pm, the local currency was higher at 4.3615/3665 versus the greenback compared with Friday’s close of 4.3705/3770. […]
Business
SAN FRANCISCO : Intel’s new CEO, Lip-Bu Tan, is flattening the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters. Intel has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, […]
WASHINGTON: A federal judge yesterday ordered the government-downsizing team created by US President Donald Trump and spearheaded by billionaire Elon Musk to make public records concerning its operations, which he said had been run in “unusual secrecy.” US District Judge Christopher Cooper in Washington sided with the government watchdog group […]
TOKYO : Japan recorded a current account deficit in January for the first time in two years as a weak yen inflated the cost of imports, finance ministry data showed on Monday. A boost in imports of smartphones and electronic parts in the run-up to the Lunar New Year holiday, […]
TOKYO: Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 – revising an earlier plan to aggressively expand its renewables businesses, its president said. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair […]
HANOI : Vietnam will officially revise up its gross domestic product growth target for 2025 to 8.0 per cent from 6.5 per cent-7.0 per cent, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday. Imports and exports are both expected to grow 12 per cent this year, Dung […]
NEW YORK: World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies “that are at the forefront of reshaping global finance.” WLF said in a statement posted […]
TOKYO: Japan’s economy probably expanded in the final three months of 2024 marking a third quarter of consecutive growth, a Reuters poll showed, as strong business investment outweighed anaemic consumption. The Bank of Japan raised short-term interest rates last month to their highest in 17 years, and growth momentum in […]
MUMBAI : The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year. The Monetary Policy […]
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump’s pivot away from the policies of the prior administration and a win for the crypto sector. In a notice posted on its website, the SEC […]