Insight

Budget 2026: Hope in a time of uncertainty

Budget 2026, which will be tabled on Oct 10, marks the first budget to support the goals of the 13th Malaysia Plan (13MP).

Corporate News

Magnum draw out demerger plans from Unilever

The Magnum Ice Cream Company (TMICC) outlined its growth strategy and financial outlook during its inaugural capital markets day in London on Tuesday.

Economy

Mexico to raise tariffs on cars from China to 50%

Mexico will raise tariffs on cars from China and other Asian countries to 50%, in a broad overhaul of import levies the government says will protect jobs and analysts say is aimed at placating the United States.

Corporate News

Toyota to manufacture SUVs at US Kentucky plant

Toyota Motor will start making two battery-powered sport utility vehicles (SUVs) at its US Kentucky plant, as part of a move to improve manufacturing efficiency and better serve market demand, says the Japanese automaker.

Corporate News

Adnoc finalising EU remedies for Covestro deal

Abu Dhabi state oil giant Adnoc is readying remedies to address a European Union (EU) subsidy investigation into its €14.7bil (US$17.2bil) bid for Germany's Covestro that will likely see it convert a proposed €1.2bil capital hike to a shareholder loan, people familiar with the matter say.

Property

UK rents set to keep rising as landlords sell up

UK estate agents are reporting the most widespread decline in rental properties since the pandemic as the prospect of higher taxes and tighter regulation prompts landlords to exit the market, a closely watched survey finds.

Corporate News

US subprime auto lender to immigrants to liquidate

Tricolor Holdings, a used-car seller and subprime lender that focuses on undocumented immigrants in the US Southwest, filed to liquidate in bankruptcy.

Corporate News

Edison aims to swap some pipeline gas for flexible LNG

Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural gas (LNG) to gain more flexibility in managing demand, according to its chief executive officer (CEO) on Wednesday.

Retail

Brazil apparel firm sees softer sales before 2026 rebound

Lojas Renner, Brazil's largest fashion retailer by market value, sees a softer second half of the year (2H25) for its sales when compared to early 2025, particularly in the current quarter, its chief financial officer (CFO) says.

Commodities

Palm oil stocks likely to stay elevated

The plantation sector is expected to face short-term headwinds from rising stockpiles and softer price competitiveness against rival edible oils.

Corporate News

BlackRock’s GIP seeks US$10bil for Aramco deal

A group of investors led by BlackRock's Global Infrastructure Partners (GIP) is in talks with lenders to secure up to US$10.3bil in financing for Aramco's Jafurah infrastructure deal, two sources with direct knowledge of the matter tells Reuters.

Corporate News

Winklevoss twins allocate 30% of Gemini to retail

Retail traders are getting a rare chance to make big bets on the billionaire-backed Gemini Space Station Inc before the cryptocurrency exchange makes its trading debut today.

Corporate News

Goldman set for busiest IPO week in four years

Goldman Sachs is set to see its busiest week for initial public offerings (IPOs) since July 2021, its CEO David Solomon says.

Corporate News

Oracle shares surge the most since 1992

Oracle Corp shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker's place in the race to support demand for artificial intelligence (AI) computing.

Corporate News

Klarna valued at nearly US$20bil as shares jump in NYSE debut

Klarna shares jumped 30% in their hotly anticipated New York debut, valuing the Swedish financial technology (fintech) company at US$19.65bil, ending the company's years-long wait for a listing and underscoring a rebound in the broader US initial public offering (IPO) market.

Economy

Retail therapy provides economy a welcome lift

Vietnam's shoppers gave the economy a welcome boost last month, with total retail sales of goods and services surging by an estimated 10.6% year on year, according to the National Statistics Office.

Energy

Europe’s wind output closely tracked as solar peak passes

Europe's wind turbines are set to take over from solar panels as the main driver of clean electricity supply growth for the rest of 2025, as the end of the Northern Hemisphere summer brings less sunlight but windier conditions at turbine level.

Economy

Cautious sentiment

While upbeat over the year-on-year (y-o-y) improvement in Malaysia's industrial production for July following the release of the month's industrial production index (IPI) report yesterday, economists continue to advocate caution with regards to the general sentiment of the economy.

Economy

Surging coconut exports squeeze local industry

The Indonesian Coconut Processing Industry Association (Hipki) has said fresh coconut exports, particularly to China, are absorbing a large proportion of the national output, leaving little for local manufacturers despite signs of improving coconut production.

Economy

Job market poised for resilient growth

The labour market is likely to stay steady for the rest of the year, with continued job creation and a low unemployment rate.