News

SEOUL: South Korean tech giant Samsung Electronics posted a record quarterly profit on Thursday, driven by strong sales of chips crucial for artificial intelligence. Operating profit for the first quarter...

SAN FRANCISCO: Meta chief Mark Zuckerberg on Wednesday defended massive spending on artificial intelligence that dragged down shares despite strong earnings boosted by the technology. The social networking colossus raised...

NEW YORK: Ford raised its full-year profit forecast Wednesday after reporting stronger than estimated first quarter results based partly on US$1.3 billion in tariff refunds. The big US automaker sold...

Polyester prices surge as petrochemical costs rise, forcing Indian mills to cut production and threatening higher costs for global fast fashion retailers.SURAT (India): A surge in fossil fuel prices since...

Oil prices climb on fears of renewed military escalation in the Middle East, with Brent recording its second-largest weekly gain since the war began.BEIJING/PERTH: Oil prices rose on Friday due...

Oil prices dip and stocks mixed as Trump extends US-Iran ceasefire indefinitely but maintains Strait of Hormuz blockade, leaving traders cautious.HONG KONG: Oil prices fell and stocks were mixed Wednesday...

Prime Minister Anwar Ibrahim announces a RM5 billion guarantee scheme and e-invoicing flexibility to help MSMEs weather the global energy crisis and supply chain disruptions.PUTRAJAYA: The government has announced a...

Oil prices fell as potential US-Iran talks and a Lebanon-Israel ceasefire raised hopes for an end to the Middle East conflict, though key risks remain.LONDON: Oil prices fell on Friday...

Oil prices held steady as traders remained sceptical that US-Iran talks would secure a deal to reopen the vital Strait of Hormuz and ease major supply disruptions.TOKYO/SINGAPORE: Oil prices were...

The IMF says the Bank of Japan can look past inflation from the Middle East conflict, with limited broader price effects allowing for continued gradual rate hikes.WASHINGTON: The Bank of...