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The Edge Malaysia is Malaysia's leading financial news organisation, committed to reporting the truth with independence and integrity. Our flagship publication, The Edge, provides authoritative and analytical content on corporate, investment, and economic issues, as well as news on real estate, digital technology, and
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News
Analysts see Bermaz Auto’s 1Q beat as start of FY2027 recovery
2+ day, 15+ hour ago (446+ words) KUALA LUMPUR (Sept 11): Analysts turned bullish on Bermaz Auto (KL:BAUTO) after a rebound in 1Q earnings, prompting upgrades to reflect better-than-expected growth for FY2027. RHB Research upgraded Bermaz Auto to "buy" from "neutral", with a higher RM1.15 target price from RM1.00, implying 24% upside,…...
Singapore PM defends political pay hike as 'responsible course to take"
3+ day, 6+ hour ago (396+ words) SINGAPORE (Sept 10): Singapore's prime minister said on Thursday he deliberated "long and hard" over an increase in ministerial and lawmakers' salaries, already among the highest in the world, but felt it was necessary to attract talent into government ranks. Lawrence…...
Wall St slips after hotter-than-expected producer inflation data
3+ day, 1+ hour ago (555+ words) (Sept 11): Wall Street's main indices fell on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil prices above US$100 (RM406.61) a barrel. At 12.11pm ET,…...
US producer prices increase as expected in August
3+ day, 4+ hour ago (443+ words) WASHINGTON (Sept 10): US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor…...
US existing home sales in August slide to weakest pace in more than a year
3+ day, 3+ hour ago (434+ words) (Sept 10): Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2% to an annualised rate of…...
Rubber glove stocks rally as Brent crude tops US$100
3+ day, 6+ hour ago (660+ words) KUALA LUMPUR (Sept 10): Rubber glove counters on Bursa Malaysia rallied broadly on Thursday, lifted by higher crude oil prices and a recent price hike by China's leading glove maker Intco Medical Technology Co Ltd. Higher oil prices raise the cost…...
Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs — Reuters
3+ day, 7+ hour ago (284+ words) (Sept 10): Beijing-based AI start-up Moonshot is considering dual listings in Hong Kong and Shanghai to boost fundraising and exposure, the South China Morning Post reported on Thursday, citing two people familiar with the matter. The developer of the Kimi large…...
AB Foods' Primark to offer home delivery in Britain
3+ day, 9+ hour ago (420+ words) LONDON (Sept 10): Primark, the budget fashion chain being spun off from Associated British Foods, will launch home delivery in Britain, the group said on Thursday, ending its long-standing resistance to direct-to-consumer online sales. The FTSE 100 group, which confirmed in April…...
OpenAI says working with Samsung on next-generation chips, deepening cooperation
3+ day, 8+ hour ago (429+ words) SEOUL (Sept 10): OpenAI is deepening cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, expanding ties with the South Korean technology giant across semiconductors and enterprise AI services. "One of the areas where we have made the…...
Louis Vuitton loses sales in China after tea logo case backlash
3+ day, 9+ hour ago (611+ words) (Sept 10): In June last year, Louis Vuitton opened a huge cruise ship-shaped store in the swanky Jing’an neighbourhood of Shanghai. The inauguration drew crowds, with the star-studded invitee list including popular actors like Lin Yi and Gong Jun, the brand’s…...