BUSINESS
Local & World Business News
BUSINESS
Bursa ends higher on improved sentiment after US tariff update
Investors took comfort as US tariffs shifted from abrupt, country-specific measures to a more temporary, neutral framework, says analyst.
World Business
BUSINESS
Gold rises as Trump’s tariff defeat throws trade deals into doubt
BUSINESS
Dollar dips as Trump’s tariff wall slips
Confusion followed the US Supreme Court ruling against President Donald Trump’s emergency tariffs, as he first set a 10% rate for the rest of the world, then raised it to 15%, surprising some officials.
Last year, the European Union and the US agreed to cap US tariffs on most European goods at 15%, but the US Supreme Court ruling casts doubt on the deal.
US Trade Representative Jamieson Greer said it’s important to understand that Congress has delegated enormous tariff setting authority to the president.
The delay was mainly due to uncertainty over tariffs, following the US Supreme Court’s decision to strike down tariffs imposed by President Donald Trump.
Local Business
BUSINESS
Bursa opens higher as tariff outlook supports markets
BUSINESS
Ringgit touches eight-year high
US president Donald Trump has said he will impose global tariffs of 15% to replace the tariffs scrapped by the Supreme Court.
Kuala Lumpur High Court rules that the one-year jail term and RM1 million fine against Su Eng Kooi and Yap Choong Seong are safe.
A 10 to 15-day nuclear deal deadline given to Iran by US president Donald Trump has led to a risk-off mode, says analyst.
The benchmark index’s early weakness was driven by profit-taking following yesterday’s 0.62% gain, says analyst.