Markets

Bursa Malaysia joins Asian rally as US-Iran reach peace deal

KUALA LUMPUR: Bursa Malaysia joined in a regional stock rally as traders celebrated reports of a permanent peace deal struck between the US and Iran, and the resumption of oil supply through the Strait of Hormuz.

Forex

Improved market sentiment lifts ringgit at opening

KUALA LUMPUR: The ringgit extended its upward momentum, opening firmer on Monday against the US dollar and other major currencies, supported by improved risk sentiment following signs of easing geopolitical tensions.

Markets

Shares jump, oil skids in Asia on news of Gulf deal

SYDNEY: Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates.

Forex

Dollar hits 10-day low as US, Iran reach peace deal

HONG KONG: The U.S. dollar slid on Monday to a 10-day low against its major peers as news the United States had agreed to a peace deal with Iran sent oil prices tumbling and boosted demand for riskier assets.

Commodities

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

SINGAPORE: Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.

Business

Trading ideas: Mesiniaga, Scanwolf, Sum Tech, Silver Ridge, TMK, Lotte, Public Bank, Tan Chong, Genting Plantations, SimeProp, Samaiden, Paragon

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Economy

Pakistan budget tests growth push against IMF constraints

ISLAMABAD: Pakistan has unveiled a budget aimed at bolstering growth with tax cuts for businesses while also making an effort to preserve fiscal gains amid rising oil prices.

Plantations

El Nino never sends a WhatsApp message

WHEN guests visit, they usually ring the doorbell. Some send a WhatsApp message beforehand. The considerate ones even ask whether it is a convenient time.

Markets

‘Manic impulsiveness’ drives retail risk complex

NEW YORK: Wall Street just spent the week ricocheting between the macro and the mania.

Forex

Traders most positive on US dollar since February 2025

WASHINGTON: Traders have turned the most optimistic on the US dollar in more than a year as the war in the Middle East supports the currency's status as a haven.

Economy

Investors are betting ECB will pivot to rate cuts

FRANKFURT: A day after the European Central Bank's (ECB) first interest-rate increase in three years, some of the world's biggest banks and asset managers are positioning for it to reverse that move.

Markets

AI rally still has legs

PETALING JAYA: The artificial intelligence (AI)-led technology stock rally may have suffered a recent bout of profit-taking, but the broader uptrend appears to remain intact as investors become more selective and focus increasingly on earnings delivery rather than lofty narratives.

Economy

Poland to end fuel subsidies as US-Iran peace talks heat up

WARSAW: Poland is preparing to restore regular tax rates on fuels as peace talks between the United States and Iran progress, Prime Minister Donald Tusk says.

Corporate News

World’s hottest stock market turns attention to MSCI moment

AFTER one of its most volatile weeks in years, South Korea's stock market is approaching a milestone it has long been chasing: a potential path into MSCI Inc's developed-market status.

Corporate News

Bintulu TIC to boost growth in Sarawak

KUCHING: The Sarawak government will implement four pilot projects this year – smart manufacturing, the Sarawak CCU-H2 hub, industrial symbiosis, and a talent initiative – to kickstart the newly launched Bintulu Transitioning Industrial Cluster (TIC).

Corporate News

JTBC defaults as credit downgrades strike group

SEOUL: JTBC Co Ltd, the broadcaster owned by South Korea's media giant JoongAng Group, has defaulted on securitised loans and was downgraded to junk by a local ratings firm, triggering a series of rating cuts across the conglomerate.

Corporate News

Lagenda set on providing sustainable returns

PETALING JAYA: Lagenda Properties Bhd will continue to leverage its strong presence in locations where it has a strong footprint, while remaining open to strategic opportunities in new territories that offer attractive potential.

Corporate News

Liftech to capitalise on parking crunch to strengthen growth

PETALING JAYA: As space constraints intensify across Malaysia, mechanical car parks are no longer a novelty but a necessity, with Liftech Group Bhd leveraging this shift to drive growth.

Corporate News

TMK to acquire CCM in RM920mil expansion bid

PETALING JAYA: TMK Chemical Bhd has proposed to acquire Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd in a RM920mil cash-and-shares deal that would see the plantation and industrial group emerge as a major shareholder in the listed chemicals company.

Corporate News

Telecoms giants lead AI network roll-out

JAKARTA: Despite ongoing efforts to bridge Indonesia's digital divide, robust digital infrastructure remains critical to unlocking the full potential of the country's digital economy.