News

NEW YORK: Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Read full story

NEW YORK: Global oil prices could climb further because of the Opec+ coalition’s “chronic” struggle to revive production, unless the group’s Middle Eastern heavyweights pump extra to compensate, according to the International Energy Agency (IEA). Read full story

AS flexible working arrangements become more entrenched in today’s workplace, coworking space firms are seeing an opportunity for them to be the real estate solution provider for companies. Read full story

NEW YORK/WASHINGTON: Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the U.S. Federal Reserve in response to decades-high inflation. Read full story

NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies Read full story

NEW YORK: Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets. Read full story

SINGAPORE: The Asia-Pacific aviation industry’s slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next week, despite signs of improvement as concerns over the Omicron variant recede. Read full story

NEW YORK: Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on U.S. asset prices over the longer term. Read full story

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a range-bound mode next week. Read full story

KUALA LUMPUR: The government has channelled RM20.339 billion to 357,520 employers through the Wage Subsidy Programme (PSU) to maintain the employment of 2,953,741 local workers in an effort to reduce the unemployment rate among Malaysian workers. Read full story

KUALA LUMPUR: The government has maintained the country’s economic growth forecast for 2022 in the range of 5.5 per cent to 6.5 per cent. Read full story