Commodities

Brent holds above US$100 as tanker attacks deepen supply fear

NEW DELHI: Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruptions as Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began.

Economy

MIHAS knowledge hub expands into year-round platform - MATRADE

KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) has expanded the Malaysia International Halal Showcase (MIHAS) Knowledge Hub into a year-round trade intelligence platform to accelerate the global competitiveness of Malaysian exporters.

Forex

Ringgit holds steady against US$ at opening

KUALA LUMPUR: The ringgit held steady against the US dollar at Thursday's opening as investors awaited the release of US consumer price index (CPI) data on Friday.

Markets

Bursa Malaysia under pressure as crude breaches US$100

KUALA LUMPUR: Bursa Malaysia remains under pressure as the global trading landscape grows increasingly volatile, with Treasury yields and oil prices surging amid the escalating Middle East tensions.

Corporate News

Trading ideas: LFE, Maybank, EI power, Micro MSC, Enra, Public Bank, Parkson, SSF, Pimpinan Ehsan, KLK, AZRB, GB Bond, Scientex

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

Markets

S&P 500 falls as oil tops US$100 per barrel

US stocks closed lower on Wednesday as oil prices soared above US$100 a barrel, while Apple dipped and Treasury yields rose ahead of crucial inflation data expected later in the week.

Economy

Canada tariffs on US take effect, threaten USMCA

Canada's retaliatory tariffs on US goods took effect after midnight on Tuesday, intensifying an 18-month-old trade war and spurring Prime Minister Mark Carney to urge a further shift away from the country's biggest trading partner.

Economy

Jakarta’s daily waste not ‘properly managed’

Indonesia generates 144,562 tonnes of waste daily, but only a quarter is properly managed, leaving the vast majority unprocessed as most landfills still rely on open dumping, the Environment Ministry says.

Economy

Thai consumer confidence reaches six-month high in August

Thailand's consumer confidence has strengthened for a third consecutive month in August, reaching its highest level in six months as purchasing power and economic activity showed early signs of improvement, according to the University of the Thai Chamber of Commerce (UTCC).

Energy

Europe gas hits three-year high as traders race to fill storage

European natural gas hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, with no resolution in sight for the crisis in the Middle East and rising concerns about the supply outlook.

Insight

Why the BoJ will bet small on rate hikes now to avoid a bigger shock later

The last time Japan's central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be worth more than the combined real estate of California.

Insight

China’s bond rally has one collateral damage

A global selloff in government bonds is igniting concerns over higher mortgage repayments and corporate financing costs. While China is an outlier to this trend, lower-rates-for-longer may not necessarily be good news, either.

Corporate News

GB Bond aims to raise RM16mil via IPO

GB Bond Holdings Bhd aims to raise RM16.08mil from its initial public offering (IPO) ahead of its listing on Bursa Malaysia's ACE Market on Oct 1, 2026.

Aviation

Air traffic control issue causes flight disruption at major UK airports

Flights at major British airports were disrupted on Tuesday by a technical fault at air traffic control provider NATS, the latest in a series of failures that renewed questions about the resilience of Britain's aviation infrastructure.

Corporate News

Major food firms allege US sugar producers colluded on price

General Mills Inc, Mars Inc and McKee Foods Corp have joined a growing list of food manufacturers and grocers in antitrust litigation that alleges top US sugar producers colluded to inflate prices for the sweetener used in many of the snacks and drinks Americans consume every day.

Corporate News

Data centre backlash slows new cloud venture

Alphabet Inc and Blackstone Inc's new cloud venture has hit delays for major data centre locations that were supposed to run Google's chips, underscoring the obstacles standing in the way of Big Tech's artificial intelligence (AI) ambitions.

Corporate News

Shareholders reject Nike proposal backed by Norway wealth fund

Nike shareholders have rejected a proposal urging more transparency on its climate goals, including disclosing details on how the sportswear maker intends to reach emissions-reduction targets, the company says.

Support Line

SupportLine

Guan Chong Bhd's brief bout of profit-taking looks ready to end as the share turned higher yesterday upon finding support at the 14-day simple moving average (SMA).

Corporate News

Maybank raises RM2.85bil in dollar bond sale

Malayan Banking Bhd (Maybank), Malaysia's biggest bank by assets, has launched a US$700mil (RM2.85bil) sale of US dollar bonds in two parts, according to an updated term sheet seen on Tuesday.

Energy

Utilities sector set for stronger second half

The utilities sector is set for a stronger second half (2H26) as electricity demand remains resilient and energy-transition investments gather pace.