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US stocks closed slightly lower on Thursday after veering between gains and losses as investors gauged the latest round of economic data and the Federal Reserve's policy statement against tariff concerns.
Delta Air Lines Inc cut its profit expectations for the first quarter roughly by half on weakening travel demand, the latest sign that economic worries are pressuring consumer spending.
KUALA LUMPUR: Bank Negara Malaysia (BNM) will continue to adopt a data-driven approach in evaluating the impact of economic developments on inflation and growth, said Deputy Governor Datuk Marzunisham Omar.
SYDNEY (Reuters) -Australia's government launched fresh tax cuts on Tuesday and announced other cost-of-living relief in a major push to win back disgruntled voters, tipping the budget back into the red.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (March 26, 2025)
PETALING JAYA: The ringgit ended higher against the US dollar yesterday as the Federal Reserve (Fed) maintained its benchmark interest rate but signalled that the rate-cutting narrative remained on track.
ISTANBUL: Turkiye’s central bank has pledged to keep monetary policy tight amid a deteriorating inflation outlook, saying that it might even pause interest-rate cuts if price pressures intensify.
KUALA LUMPUR: The ringgit ended higher against the US dollar on Thursday as the US Federal Reserve (Fed) maintained its benchmark interest rate but signalled that the rate-cutting narrative remained on track.
TOKYO: Japan's Nissan Motor on Thursday announced various cost saving measures including 9,000 job cuts and slashed its annual outlook for the second straight time this year, as it continues to battle headwinds in major markets such as China.
SINGAPORE: Hong Kong shares rose to three-year highs and led Asian markets higher on Tuesday, as investors turn positive on the outlook for the world's second-biggest economy and cheered recent data and promises to further support consumption.
Australia's central bank says it remains more cautious than the market about the prospects for further policy easing, after it cut interest rates for the first time in over four years last month.
The Federal Reserve’s (Fed) decision on interest rates this week could drive the ringgit, but a potential Donald Trump win in the upcoming United States elections adds a layer of uncertainty to the outlook for Malaysia’s currency.
LONDON: Nestle cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth on Thursday as the world's biggest packaged food company failed to grow volumes amid continued price hikes.
KUALA LUMPUR: Fitch Ratings expects world growth to slow to 2.3 per cent this year, "well below trend" and down from 2.9 per cent in 2024, particularly after the new US administration sparked a global trade war.
KUALA LUMPUR: The US Federal Reserve’s (Fed) recent decision to slash interest rates has a significant impact on Malaysia’s ringgit, especially in light of shifting currency dynamics across the region.
NEW YORK: Stock indexes mostly dipped on Monday, while U.S. Treasury 10-year yields touched 14-month highs as a resilient US economy and persistent inflation prompted investors to weigh the possibility that the Federal Reserve may pause its easing cycle.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (March 19, 2025)
NEW YORK: Asian equities were primed to track declines on Wall Street as investors braced themselves for the next trade war salvo and weighed up conflicting signals from US corporate earnings.
Oil prices were little changed at their settle on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling US inflation.
