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Refiners cancel palm oil orders for 100k metric tonnes due to price surge

The Indian cancellations could limit the rally in Malaysian palm oil prices, although they could also support soyoil prices as some refiners shift to soyoil

RBI weighs some relief for New India Co-op Bank depositors: Report

The RBI, along with the lender's administrator, will require depositors to prove the emergency, one of the sources said

US weekly unemployment claims rise marginally to 219,000: Labour dept

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15, the Labor Department said

Alibaba plans major AI investment as revenues rebound in third quarter

The company's revenue was 280.15 billion yuan ($38.58 billion) for the three months ended December 31, compared with 279.34 billion yuan expected by 17 analysts polled by LSEG

Equity markets' pain to worsen as economy, corporate profits slow

The slide was triggered by a sharp slowdown in profit growth in India's top companies

US refuses to co-sponsor UN motion backing Ukraine territorial integrity

The step appears to mirror a widening rift between Ukrainian President Volodymyr Zelenskyy and US President Donald Trump

Quantum computing stocks rise as Microsoft's new chip heats up tech debate

Microsoft unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals, while providing evidence in a scientific paper set to be published in academic journal Nature

Walmart forecast profit, sales below Wall Street estimates, shares fall

The company forecast adjusted earnings per share for the fiscal year ending January 2026 in the range of $2.50 to $2.60, below analysts' expectations of $2.76

US State Dept revises web page on China to focus on trade, business curbs

The February 13 changes underscore the new administration's focus on trade and other priorities

Yen surges, dollar weakens, Wall Street off the pace as Trump trades turn

The dollar was weakened by Federal Reserve policymakers discussing slowing or pausing the drawdown of its bloated balance sheet

Indian drugmakers bank on bilateral talks for relief from US tariffs

India, which calls itself the 'pharmacy of the world', makes cheaper generic versions of complex innovative drugs in its massive factory clusters and exports them to over 200 countries

Mercedes-Benz cuts costs, renews focus on combustion engine models

The German luxury carmaker will release 19 new combustion engine models and 17 battery-electric cars by the end of 2027

Google close to finalising India sites for first retail stores outside US

Google currently has only five physical stores, all in the United States, which sell its products such as Pixel phones, watches and earbuds

Renault beats profit forecast in 2024, warns on EU emissions rules

The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion euros ($4.49 billion), up 3.5 per cent on the previous year

Russia targets Ukraine's gas infrastructure in latest drone, missile attack

The attack was part of an intensified assault on Ukraine's energy system over the past month as Russia discusses ending its war in Ukraine with the new US administration of President Donald Trump

Oil prices see minor dip as US crude stocks rise, easing supply concerns

Brent futures were down 15 cents at $75.89 a barrel by 0916 GMT. US West Texas Intermediate crude dropped 34 cents to $71.91

TikTok layoffs staff at trust and safety unit as part of restructuring

Last year, the company laid off hundreds of employees from its global workforce, including a large number of staff in Malaysia as it shifts focus towards a greater use of AI in content moderation

Govt extends Chief Economic Adviser Nageswaran's term until March 2027

Nageswaran was appointed to the position in 2022 and has also served as a part-time member of the economic advisory council to the prime minister from 2019 to 2021

Ukraine peace deal to give modest lift to currencies, predicts JPMorgan

JPMorgan added that it was keeping a neutral or "market weight" stance on Ukraine's government bonds until there was more clarity on the details of a peace deal

WTO holds 'constructive' talks after China condemns Trump's 'tariff shocks'

China condemned tariffs launched or threatened by US President Donald Trump at a World Trade Organization meeting on Tuesday. Washington dismissed China's comments as hypocritical