BUSINESS
Local & World Business News
BUSINESS
Meta, AMD agree to major AI chips deal
Meta's deal with AMD comes only days after it had agreed to deploy millions of processors over the next few years from AMD rival Nvidia.
World Business
BUSINESS
Trump’s new tariffs focus on the balance of payments
BUSINESS
Germany’s once-vibrant auto heartland falls on hard times
US President Donald Trump threatened higher tariffs on countries that “play games” with US trade deals after the US Supreme Court struck down his universal tariffs.
The yen dipped after China announced export controls on Japanese companies in a further sign of souring relations.
The new tariffs are justified as a means ‘to deal with the large and serious United States balance-of-payments deficits’, according to the White House.
Spot gold fell 0.8% to US$5,189.99 per ounce, snapping a four-session winning streak and dropping from a more than three-week high hit earlier in the day.
Local Business
BUSINESS
Bursa snaps 3-day winning streak on profit-taking
BUSINESS
Bursa opens lower, tracking Wall Street losses
The local note strengthens to 3.8790/3.9010 as markets priced in Malaysia’s positive macroeconomic data.
Its revenue for the year slipped marginally to RM1.84 billion from RM1.85 billion previously.
The 18-month contract is scheduled for completion in the second half of 2027.
The plantations group marked a major milestone in FY2025 by posting its highest profit since its founding in 1906.