Ringgit, regional currencies end lower vs US$ as geopolitical tensions persist.

The ringgit and other regional currencies continued to weaken against the US dollar on Monday as investors sought safety in safe-haven assets amid escalating tensions in the US-Israel war. At 6 pm, the local currency fell to 4.0280/0350 against the greenback from last Friday…

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Saudi Aramco cuts oil supply to Asia for second month in April.

Saudi Aramco, the world's top oil exporter, has cut crude supply to ​Asian buyers for a second month ‌in April, two sources with knowledge of the matter said on Monday, after the U.S.-Israeli war with Iran ​disrupted trade via the Strait of ​Hormuz. The producer is suppl…

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Trump says U.S. will build first refinery in 50 years with investment from India’s Reliance Industries.

President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s Reliance Industries “THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY,” Trump said in a …

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Trump’s war is destroying the Global Economy.

Donald Trump’s war against Iran is already turning out to be a military, diplomatic, environmental, and humanitarian disaster. But none of this seems to matter to the president, who has been remarkably complacent and dishonest about the crisis he has caused. Last Sunday, in…

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Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping.

Oil prices spiked near $120 per barrel before falling back slightly on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to $11…

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Tesla loses world's biggest electric vehicle maker title as sales fall for 2nd year.

Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down for a second year in a row. Tesla said that it delivered 1.64 million vehicles in 2025,…

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VW stops production at German site for first time.

A red electric ID.3 GTX signed by workers would be the last car made at the plant, Volkswagen Saxony said, making the glass-walled "Transparent Factory" the first domestic site in the company's 88-year history to have production completely shut down. "The …

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Trump announces 30% tariffs against EU, Mexico to begin Aug. 1.

President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners. Trump detailed the planned tariffs in let…

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Tech Bitcoin briefly sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off.

Spot bitcoin ETF inflows froze late last week as institutional investors grew cautious ahead of U.S. President Donald Trump’s Iran response. More than $1 billion in crypto positions were liquidated in 24 hours, most from overleveraged long bets. Bitcoin’s correlation to tec…

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Trump reports more than $600 million in income from crypto, golf, licensing fees.

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president. The annual financ…

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Crypto World Bitcoin hits new record high near $112,000 as rally marches on.

Bitcoin continued its rally on Thursday, hitting a brand new record high near $112,000. It’s been a slow rally for bitcoin driven by institutional ownership and corporate adoption. Easing trade tensions between the U.S. and China and the Moody’s downgrade of U.S. sovereign de…

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China's BYD outsells Tesla in Europe for first time.

Chinese automaker BYD (002594.SZ), opens new tab sold more electric vehicles in Europe than Tesla (TSLA.O), opens new tab for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker&…

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The real trump family business is crypto.

Early Monday morning, the leader of the free world had a message to convey. Not about the economic turmoil from tariffs, any one of the skirmishes playing out abroad, or a surprise shake-up in his White House staff. Instead, President Donald Trump turned to Truth Social to …

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Tech Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock.

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted …

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Trump launches cryptocurrency with price rocketing.

US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in value. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC - an affiliate …

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Nissan and Honda announce merger plans to create world’s No. 3 automaker.

Honda and Nissan have formally agreed to hold talks over the next six months on a possible merger, a deal that would create the world’s third-largest automaker and give them more resources to compete with a growing threat from Chinese carmakers. A third, smaller Japanese aut…

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Americans lost $5.6 billion last year in cryptocurrency fraud scams.

Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45% jump in losses from 2022. The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud in…

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Tesla Cybertruck might have become the best-selling electric pickup truck in the US.

Tesla Cybertruck might have become the best-selling electric pickup truck in the US. If it wasn’t last quarter, it looks like it will be this quarter. Unfortunately, Tesla doesn’t break down its sales by model. The lack of transparency is frustrating as it makes it harder to…

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New Zealand's monthly exports valued at all-time high.

New Zealand's total monthly exports have reached an all-time high value of $7.2 billion, according to Stats NZ. It marks the first time the figure has surpassed $7 billion - the previous high for monthly exports was $6.95 billion in May 2023. Trade values are not adjusted…

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Nvidia passes Microsoft in market cap to become most valuable public company.

Nvidia, which is up more than ninefold since the end of 2022, has surpassed Microsoft to become the most valuable public company in the world.  The chipmaker passed the $3 trillion market cap mark in early June, joining Microsoft and Apple in that club.  Nvidia has been the p…

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