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Naza Auto to undertake strategic realignment to uplift profitability, liquidity
KUALA LUMPUR: NAZA Automotive Group (NAZA Auto) plans to undertake a strategic business realignment as part of the group-wide transformation initiative and its renewed focus on core automotive brands.
Group chief executive officer Rizal…
Vietjet signs US$300mil finance deal, in talks to expand order with Boeing
HANOI: Vietnamese budget carrier Vietjet said on Thursday (April 10) it has signed an agreement worth US$300 million with AV AirFinance, a partner of investment fund KKR, to fund the expansion of its fleet.
Thursday's announcement…
Used Tesla market heats up as owners sell to protest Elon Musk
For the past several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships in Northern California: selling used Teslas.
A few times a month, Harvey picks up a few pre-owned Teslas at a local…
Ringgit firms slightly against US$ in early trade
KUALA LUMPUR: The ringgit edged higher against the US dollar in early trade today, recovering slightly on technical correction after recent losses, amid a mixed overnight performance by the greenback.
At 8.05 am, the local currency inched…
FBM KLCI falls another 20 points as fresh tariffs on China come into effect at noon
KUALA LUMPUR: The growing anxiety over Trump's escalating trade war spilled over into Malaysia's stock market, as a 104% cumulative tariff on Chinese imports into the US is set to come into effect today.
As at 9.18am, the FBM KLCI was…
Minat buru saham murah pacu Bursa Malaysia dibuka tinggi
KUALA LUMPUR: Bursa Malaysia dibuka tinggi pagi ini apabila aktiviti pembelian saham pada harga rendah kembali menguasai pasaran selepas tekanan jualan ketara semalam, meskipun sentimen Wall Street semalaman kekal suram, kata penganalisis.…
Indonesia stock market falls 9%, rupiah drops to record low
JAKARTA: Indonesia's stock market dropped 9% in early trade on Tuesday, triggering a 30-minute trading halt, and the rupiah fell 1.8% to a record low as markets reopened after an extended holiday break and reacted to the global market…
Stocks dive in Asia, markets hunger for rapid US rate cuts
SYDNEY: Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early…
FBM KLCI climbed 12pts as bargain-hunting continues
KUALA LUMPUR: Buying in selected heavyweight counters sent the FBM KLCI higher in Thursday morning trade, despite investor trepidation over developments in Trump's tariffs war.
At 12.30pm, the benchmark index was up 12.77 points to…
Bank Indonesia sedia campur tangan stabilkan Rupiah kini paras terendah 27 tahun
JAKARTA: Bank Indonesia (BI) menyatakan kesediaannya untuk campur tangan dalam pasaran bagi menstabilkan nilai rupiah, yang pada Rabu kekal berhampiran paras terendah sejak 1998, meskipun pihak berkuasa menegaskan sentimen pasaran kekal…