BUSINESS
Local & World Business News
BUSINESS
Ringgit rises against major currencies, except the US dollar
Following the Supreme Court decision on tariffs, the US president's determination to impose them by other means has heightened market uncertainties, says an analyst.
World Business
BUSINESS
Germany’s once-vibrant auto heartland falls on hard times
BUSINESS
South Korea’s Hyundai Motor warns US tariff pressure may intensify
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.
The stock was down as much as 4.6% in Singapore on Tuesday as the lender reported a decline in lending margins.
Local Business
BUSINESS
Bursa opens lower, tracking Wall Street losses
BUSINESS
Ringgit touches RM3.87 against US dollar at open
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.
The US Supreme Court struck down a large part of president Donald Trump’s tariff policy, says analyst.