BENGALURU: Elon Musk is aiming to increase Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented by the world’s richest man to investors. Read full story
KUALA LUMPUR: At least one brokerage has imposed trading restrictions and imposed other curbs on Serba Dinamik Holdings Bhd shares as it resumed trading on May 9. Read full story
HONG KONG: Asian shares tumbled to their lowest in seven weeks on Friday and the dollar stood tall as investors globally shunned riskier assets over fears that higher U.S. interest rates and China’s reinforcement of its zero-COVID policy could hit growth hard. Read full story
SINGAPORE: Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. Read full story
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus, in an exclusive interview with Bernama, shares more details on the assessment and selection of the five consortia for digital bank licences. Read full story
KUALA LUMPUR: The FBM KLCI slumped to its lowest in over seven weeks on Friday led by losses at key index-linked stocks including Kuala Lumpur Kepong (KLK), Petronas Dagangan (PetDag) and Press Metal. Read full story
KUALA LUMPUR: Perusahaan Otomobil Nasional Bhd (Proton) remains cautious on its production capacity amid chip supply issues and pressure from rising costs in the global car industry, said Proton Edar chief executive officer Roslan Abdullah. Read full story
KUALA LUMPUR: The ringgit reversed yesterday’s gains and ended lower against the US dollar on Friday, tracking other Asian currencies as the risk aversion wave by equities as well as higher US Treasury yields saw investors pile into US dollars. Read full story
KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a total of 8.5 sen income distributions for three funds. Read full story
KUALA LUMPUR: Favelle Favco Bhd (FFB) has secured four contracts worth RM55mil for the supply of cranes. Read full story
KUALA LUMPUR: Sapura Energy Bhd’s independent and non-executive director Tan Sri Megat Zaharuddin Megat Mohd Nor has resigned from his post. Read full story
KUALA LUMPUR: Focus Point Holdings Bhd has proposed to transfer its listing to the Main Market of Bursa Malaysia from ACE Market. Read full story