Malaysian business and markets news
Business and economy news from other publishers, in Malaysia, the region and the world.
For decades, Brazil has been a major ethanol producer, traditionally using sugarcane. More recently, production of ethanol derived from corn has been on the rise and one protein-rich byproduct used for animal feed is in high demand and being exported to several countries worldwide, including China.
Wall Street stocks finished mixed on Wednesday after US data gave a reassuring picture on the economy while lofty bond yields weighed on sentiment. The US Commerce Department revised upwards its estimate for Q2 GDP growth in the world's largest economy by 0.7 percentage points to 2.2 percent, with analysts pointing to the artificial intelligence investment boom as supporting of growth. Another economic release showed the US Federal Reserve's preferred inflation gauge stood at 3.4 percent year-on-year in August, unchanged from the month before, while private payroll firm ADP showed better than expected job growth in September. But long-term bond yields remained elevated, adding to investor anxiety. Higher yields "likely reflect stronger economic growth expectations, partly driven by the AI boom, which is fuelling record capital spending and should deliver significant productivity gains over time," said CFRA Research's Arun Sundaram. "The question investors are asking is whether higher yields will break the equity market." Both the Dow and S&P 500 retreated, while the Nasdaq advanced. Meanwhile, Europe's main stock markets closed lower after France, Germany and Italy revealed that prices in their countries were surging, particularly at the petrol pumps. "This morning's economic releases from the eurozone have done little to improve the outlook, with a combination of rising inflation and weakening sentiment reinforcing concerns about stagflation," said Forex.com analyst Fawad Razaqzada. London's FTSE 100 also ended the day lower after an earlier rally following data showing the UK economy grew more than initially estimated in the second quarter. Oil prices advanced on Wednesday on the lack of movement on US-Iran negotiations towards resolving the impasse over the Strait of Hormuz. The S&P 500 fell 0.3 percent, to 7,652, the Dow fell 0.9 percent, to 50,906, while the Nasdaq rose 0.2 percent, to 26,861. (AFP) Edited by Robert Kemp
100 Zeros, a collaboration between Google and Range Media Partners, aims to give the tech giant a foothold in movies, TV and emerging forms of entertainment.
Unusual trading patterns on Kalshi and Polymarket are drawing scrutiny as experts debate whether reported volumes reflect organic market activity.
Roger Lynch, who has led the publisher for more than seven years, will become the chief executive of the toy company, he said Wednesday.
Streaming services can introduce you to a wonderland of nearly unlimited audio, but downloading your digital collection has advantages.
A securities filing laid out the terms of the deal between Truth Social’s parent company and TAE Technologies, which was formally announced in December.
A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.
Epic’s engineers deployed an Anthropic tool that exposed security risks that could allow undetected access to millions of patient records.
These are the stocks posting the largest moves midday.
