3y

M’sian economy grows by 8.9% in Q2: BNM

Bank says growth reflective of normalising post-pandemic economic activity

3y

Ping An to press on HSBC for Asian ops spin-off: reports

Bank’s largest shareholder believes it’s in need of urgent, radical change

3y

Govt channelled RM20.932 bil to Wage Subsidy Programme: Tengku Zafrul

2.96 mil local workers kept in employment, says minister

3y

EV maker Rivian’s losses nearly triple to US$1.7 bil as production ramps up

Company says it produced 6,954 vehicles in first half, aims for 25,000 by year-end

3y

Ringgit depreciates against greenback on mixed sentiments, weak crude oil

Local note falls to 4.4450/4495 versus US dollar from yesterday’s close of 4.4445/4460

3y

EU calls out ‘discriminatory’ US tax credits for electric cars

New bill only covers vehicles with US-made batteries from N. American factory

3y

No more ultra-low fares on high fuel costs: Ryanair boss

CEO expect airline’s average ticket price to rise about €50 over the next five years 

3y

European markets cool down as investors remain cautious

Analysts fear Federal Reserve may prolong monetary policy tightening

3y

Chancellor Scholz vows to do more to help Germans combat rising prices

Berlin has already introduced measures which include fuel tax cut, cheap public transport tickets

3y

UN projects world youth unemployment to drop to 73 million this year 

More jobs would be created with greater investments in green, blue economies, broadband coverage

3y

Surge in gas prices spur greater oil demand: IEA

Demand expected to reach 101.8 million barrels per day in 2023, exceeding pre-Covid-19 levels

3y

Electricity tariff subsidies to cost govt RM6.51 bil this year: deputy minister

This follows PM’s announcement that current rebate for domestic consumers will stay until Dec 31

3y

Ukraine’s creditors grant 2-year moratorium on RM89 bil foreign debt

Investors agree to allow country maintain macro-financial stability, says prime minister