Malaysia’s currency will likely trade in a narrow band against the dollar next week as traders await the Federal Reserve’s policy decision, according to Bank Muamalat Malaysia’s chief economist. The ringgit should fluctuate between 4.22 and 4.23 per dollar as markets digest American inflation figures and prepare for the central bank meeting set for Oct….
Malaysia’s main stock index will likely hold steady above 1,600 points next week as traders watch upcoming trade talks between Washington and Beijing, market analysts said on Friday. The FBM KLCI gained 6.09 points to close at 1,613.27, with experts predicting the benchmark will trade between 1,600 and 1,630 as investors await clearer signals from…
US consumer prices climbed 3 percent in September compared with a year earlier, the Labor Department reported on Friday, marking a slight acceleration from August but falling short of analyst predictions. Monthly inflation rose 0.3 percent, driven largely by gasoline costs that jumped 4.1 percent while food prices edged up just 0.2 percent. The Federal…
Procter & Gamble posted a 20 percent jump in quarterly profits on Friday, reaching $4.8 billion as the consumer goods giant benefited from stronger Chinese sales and reduced tariff impacts. Revenue climbed 3 percent to $22.4 billion for the quarter that ended on Sept. 30, with gains across all five product divisions led by beauty…
Porsche reported a third-quarter operating loss of nearly 960 million euros as the German automaker struggles with expenses tied to reversing its electric vehicle strategy. The luxury carmaker earned just 40 million euros in operating profit across the first nine months of 2025, down from 1 billion euros through the first half. Finance chief Jochen…
Nigerian businessman Aliko Dangote will visit Zimbabwe to discuss investments worth up to one billion dollars in cement production, coal extraction and electricity generation. The African billionaire plans to meet President Emmerson Mnangagwa and government ministers about permits, taxes and operational details for factories that would employ local workers. Dangote Industries operates cement plants across…
Zimbabwe distributed credit to more than 328,000 women and 102,000 young people between June 2024 and June 2025 as part of government efforts to expand business ownership. Finance Minister Mthuli Ncube said the programs support national development goals by directing capital toward entrepreneurs who previously lacked access to formal banking services. Officials provided market assistance…
Zimbabwe’s central bank endorsed a new lending program targeting small businesses as part of efforts to expand credit access for entrepreneurs with limited collateral or operating histories. First Mutual Microfinance launched the product to provide working capital for retailers, manufacturers and service providers across the country. Reserve Bank registrar Simbarashe Mashonganyika said the initiative supports…
Artificial intelligence technologies are transforming automobiles through safety improvements, autonomous capabilities and manufacturing efficiency gains. The systems enable vehicles to detect hazards, prevent collisions and provide drivers with assistance that reduces accident rates by half in some applications. Smart factories use machine learning algorithms to identify defects, predict equipment failures and optimize assembly workflows. Robots…
Companies that slash human resources budgets to control expenses often worsen their financial problems rather than solve them, according to business analysts. Chief executives frequently freeze hiring and training programs or cut salaries when revenues decline, but these actions fail to address underlying income challenges that threaten organizational survival. Human resources departments must provide executives…
