UK's M&S resumes online orders following cyber incident
A pedestrian stands outside the Marble Arch branch of British retailer Marks & Spencer Plc in central London, Britain, May 18, 2025. REUTERS/Carlos Jasso
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
41 minutes ago
- The Star
FBM KLCI rebounds in early trade on U.S.-China trade optimism
KUALA LUMPUR: The FBM KLCI surged in early Wednesday trade, lifted by optimism over U.S.-China trade talks, as investors awaited further developments. In London, negotiators from Washington and Beijing said they had 'agreed a framework on trade' to present to their leaders, Reuters reported. The FBM KLCI rebounded sharply, climbing 11.58 points, or 0.76%, to 1,528.49 as of 9:18 a.m., after opening 3.91 points higher at 1,520.86. Inter-Pacific Research noted that the key index seems to have found support just above the psychological 1,500 level and is likely to hold steady in the near term. This comes as market participants remain focused on the ongoing U.S.-China trade talks, which are still at a standstill following another round of inconclusive overnight negotiations. Nevertheless, the research house said the FBM KLCI is likely to head higher, as a mild upside bias may persist over the near term, partly supported by optimism that a trade deal between the U.S. and China could be reached. 'At the same time, the selling pressure is also easing somewhat and should allow for more bargain hunting to emerge for now. 'On the upside, there are resistances at the 1,523-1,525 levels and 1,530 points respectively. The supports, meanwhile, are at 1,510 and 1,503 points respectively,' Inter-Pacific said. Meanwhile, Rakuten Trade observed that in the absence of fresh incentives, there has been little appeal for traders to engage with the local bourse, leading to waning interest and subdued trading activity in recent months. 'Even the IPOs were not spared as most registered marginal gains at best. 'For today, we expect the index to hover within the 1,510-1,520 range,' it said. On the local bourse, Nestle jumped 78 sen to RM75.78, PETRONAS Dagangan added 38 sen to RM20.92, United Plantations gained 30 sen to RM21.96 and Allianz rose 26 sen to RM19.38. Country View slid 11 sen to RM2.25, F&N declined eight sen to RM27.72, Carlsberg fell four sen to RM19.68 and Hong Leong Industries lost four sen to RM13.54. Overnight, the S&P 500 climbed 0.55% to end the session at 6,038.81 points. The Nasdaq gained 0.63% to 19,714.99 points, while the Dow Jones Industrial Average rose 0.25% to 42,866.87 points.
The Star
41 minutes ago
- The Star
China's Li says US-China reach framework on trade, will report back to leaders
LONDON: China's Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the U.S. negotiating teams had agreed a framework on trade after two days of talks, and would take that back to their leaders. "The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting," Li told reporters. - Reuters
The Star
41 minutes ago
- The Star
Ringgit opens higher against greenback as US-China trade talks resume
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, as the market resumed its observation on further trade negotiations between the United States (US) and China in London, an analyst said. At 8 am, the local note rose to 4.2290/2380 versus the greenback from Tuesday's close of 4.2360/2420. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar index (DXY) see-sawed between 98.962 and 99.358 last night as traders and investors continued to monitor the US-China trade talks. "US secretary of commerce Howard Lutnick described the discussion as running well, suggesting the two nations could potentially arrive at a midway (point) in their negotiations,' he told Bernama. Meanwhile, Mohd Afzanizam said the debate on US President Donald Trump's "Big, Beautiful Bill' is still ongoing among the US Senate, as some Republicans are pushing for the phasing out of the clean-energy tax credit on the grounds of protecting investors and jobs from major disruptions. He said the US fiscal position would be in the spotlight as fiscal deficits and government debt are expected to climb. "While market sentiments demonstrated a positive sign, it is still an early day. On that note, we expect the ringgit-dollar exchange to remain range-bound between 4.23 and 4.24 today,' he said At the opening, the ringgit traded mostly higher against a basket of major currencies. It rose against the Japanese yen to 2.9200/9264 from Tuesday's close of 2.9270/9314, and strengthened versus the British pound to 5.7121/7243 from 5.7152/7233, but marginally lower vis-a-vis the euro to 4.8367/8470 from 4.8354/8422 yesterday. The local currency traded higher against its ASEAN peers. It gained versus the Singapore dollar to 3.2885/2957 from 3.2932/2981 at Tuesday's close and improved against the Thai baht to 12.9664/13.0040 from 12.9712/9955. The ringgit was slightly higher vis-a-vis the Philippine peso at 7.57/7.59 from 7.58/7.60 yesterday and inched up against the Indonesian rupiah to 259.8/260.5 from 260.2/260.7 previously. - Bernama
