BUSINESS
Local & World Business News
BUSINESS
India plugs oil gap as Middle East supplies sink
The country has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela, say analysts.
World Business
BUSINESS
Musk drops fraud claims against OpenAI ahead of trial
BUSINESS
P&G earnings rise despite drag from higher oil prices
The investment builds on a partnership in which Anthropic will use custom Google chips and cloud computing services to power its technology.
For the week, the S&P 500 gained 0.55%, the Nasdaq rose 1.5%, and the Dow fell 0.44%.
Investors await the Federal Reserve policy meeting for policymakers’ commentary on the effects of elevated energy prices.
The decision adds three months to a waiver set to expire on May 17, enabling foreign-flagged vessels to move commodities between US ports through mid-August.
Local Business
BUSINESS
Policy gaps biggest cybersecurity challenge for Malaysia, says Sapura CEO
BUSINESS
Press Metal hits all-time high as Iran war sparks aluminium surge
The markets are hopeful that some sort of resolution can be achieved between the US and Iran, says analyst.
Market participation remains selective, with investors focusing on fundamentally strong and defensive sectors, says analyst.
Rating agency cites Petronas’s solid business profile, prudent financial policy, and maintaining excellent liquidity through oil price cycles.
Shahril Shamsuddin says reliance on foreign technology could leave critical infrastructure exposed during geopolitical disruptions.